Galaxy Digital Capital Management GP LLC Invests $3.01 Million in BlackRock $BLK

Galaxy Digital Capital Management GP LLC purchased a new stake in shares of BlackRock (NYSE:BLK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,131 shares of the asset manager's stock, valued at approximately $3,011,000. BlackRock makes up approximately 1.5% of Galaxy Digital Capital Management GP LLC's portfolio, making the stock its 21st largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new position in BlackRock in the 4th quarter worth about $26,000. RMG Wealth Management LLC bought a new position in shares of BlackRock in the first quarter worth $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock during the second quarter valued at $25,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of BlackRock during the second quarter valued at about $25,000. Finally, Birchbrook Inc. acquired a new stake in BlackRock in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 80.69% of the company's stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong inflows into Bitcoin products: BlackRock’s iShares Bitcoin Trust (IBIT) reportedly attracted about $209 million of a $338 million total inflow into U.S. spot Bitcoin ETFs on Aug. 24. Record IBIT options activity—reported at 1.58 million contracts—also points to elevated investor engagement and could support fee-generating assets under management. BlackRock Adds Over 60% of Bitcoin's $338 Million ETF Inflow
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to express optimism about BlackRock’s long-term growth prospects, despite the stock having lagged the broader market over the past year. The company’s latest reported quarter also showed substantial revenue and earnings beats, reinforcing the bullish outlook. What Are Wall Street Analysts' Target Price for BlackRock Stock?
• Positive Sentiment: Alternative-asset expansion is gaining visibility: BlackRock’s acquisition of a major stake in Five Below and its role in data-center investment activity highlight the firm’s expanding reach across private markets and growth assets. These developments could support future fee growth, although they are not immediate earnings catalysts for BLK. Data Center Deals Propel July CRE Sales Volume
• Neutral Sentiment: Routine ETF distribution announced: BlackRock Canada declared final August cash distributions for the iShares Premium Money Market ETF. The payment is positive for fund unitholders but should have little direct effect on BlackRock’s corporate earnings or stock valuation. BlackRock Canada Announces Final August Cash Distributions
• Negative Sentiment: Private-credit cleanup raises execution concerns: BlackRock is reportedly exploring a sale of TCP Capital’s remaining $671 million loan portfolio. The move could reduce legacy credit risk and sharpen the private-credit strategy, but it also underscores stress in the vehicle and creates uncertainty around valuation and potential losses. BlackRock Weighs Options for Its $671 Million Private Credit Portfolio
• Negative Sentiment: Legal-investigation headline adds risk: The Rosen law firm said it is investigating potential claims involving alleged misleading information tied to BlackRock mutual funds. The report does not establish wrongdoing, but it could create reputational, regulatory, or litigation concerns. BlackRock Investor News Regarding Potential Mutual Fund Claims

Analysts Set New Price Targets

Several brokerages recently commented on BLK. The Goldman Sachs Group reissued a "buy" rating and set a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. Keefe, Bruyette & Woods cut BlackRock from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upgraded shares of BlackRock from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. BMO Capital Markets upped their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Finally, Evercore reiterated an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $1,311.06.

BlackRock Price Performance

BLK opened at $1,178.27 on Wednesday. The firm has a market capitalization of $182.48 billion, a P/E ratio of 28.16, a PEG ratio of 1.29 and a beta of 1.42. The stock has a fifty day moving average of $1,072.86 and a 200-day moving average of $1,045.14. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $6.73 billion. During the same quarter in the previous year, the business posted $12.05 EPS. The business's revenue for the quarter was up 30.6% on a year-over-year basis. Equities analysts forecast that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 1.9%. BlackRock's dividend payout ratio (DPR) is presently 54.78%.

BlackRock Profile

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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