Focus Partners Advisor Solutions LLC Acquires New Position in BlackRock $BLK

Focus Partners Advisor Solutions LLC bought a new position in BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,381 shares of the asset manager's stock, valued at approximately $3,252,000.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of BlackRock by 0.8% during the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager's stock valued at $985,331,000 after buying an additional 7,457 shares during the period. Liberty One Investment Management LLC raised its position in shares of BlackRock by 30.7% in the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock worth $4,675,000 after buying an additional 1,141 shares during the period. Texas Yale Capital Corp. raised its position in shares of BlackRock by 32.2% in the 4th quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager's stock worth $6,169,000 after buying an additional 1,405 shares during the period. Thrivent Financial for Lutherans boosted its holdings in BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager's stock valued at $28,720,000 after acquiring an additional 13,040 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in BlackRock by 0.3% in the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager's stock valued at $4,108,968,000 after acquiring an additional 12,019 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia NASDAQ: NVDA and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink's BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

BlackRock Trading Down 0.9%

Shares of BLK opened at $1,172.20 on Friday. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The stock's 50-day moving average is $1,053.84 and its two-hundred day moving average is $1,043.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market cap of $181.54 billion, a PE ratio of 28.02, a P/E/G ratio of 1.32 and a beta of 1.42.

BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm earned $12.05 earnings per share. Equities analysts forecast that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's dividend payout ratio is currently 54.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BLK shares. Bank of America upped their price target on BlackRock from $1,298.00 to $1,320.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods lowered BlackRock from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 7th. BMO Capital Markets boosted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. The Goldman Sachs Group reissued a "buy" rating and set a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Finally, Morgan Stanley raised their price target on shares of BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, BlackRock presently has an average rating of "Buy" and an average target price of $1,311.06.

About BlackRock

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

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