German American Bancorp Inc. Takes $10.84 Million Position in BlackRock $BLK

Key Points

• German American Bancorp acquired 11,271 BlackRock shares worth approximately $10.84 million, making BLK about 0.8% of its portfolio and its 25th-largest holding.
• Institutional investors own approximately 80.69% of BlackRock, while analysts maintain a consensus “Buy” rating with an average price target of $1,311.06.
• BlackRock recently exceeded quarterly earnings and revenue expectations, with revenue up 30.6% year over year, and declared a quarterly dividend of $5.73, implying a 2.0% annual yield.

German American Bancorp Inc. acquired a new position in BlackRock (NYSE:BLK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,271 shares of the asset manager's stock, valued at approximately $10,838,000. BlackRock comprises about 0.8% of German American Bancorp Inc.'s holdings, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLK. Legal & General Group Plc boosted its position in shares of BlackRock by 0.8% in the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager's stock worth $985,331,000 after purchasing an additional 7,457 shares in the last quarter. Liberty One Investment Management LLC increased its position in BlackRock by 30.7% during the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock valued at $4,675,000 after buying an additional 1,141 shares in the last quarter. Texas Yale Capital Corp. raised its stake in BlackRock by 32.2% in the fourth quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager's stock valued at $6,169,000 after buying an additional 1,405 shares during the last quarter. Thrivent Financial for Lutherans raised its stake 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 buying 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 worth $4,108,968,000 after acquiring an additional 12,019 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock News Roundup

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BLK shares. Barclays upped their price objective on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Evercore reiterated an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a research note on Monday, August 10th. BNP Paribas Exane boosted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 23rd. Bank of America upped their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings cut shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, BlackRock currently has a consensus rating of "Buy" and a consensus target price of $1,311.06.

BlackRock Trading Down 0.1%

BlackRock stock opened at $1,172.20 on Monday. The stock has a 50-day moving average price of $1,053.84 and a 200 day moving average price of $1,042.51. The company has a market capitalization of $181.54 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. 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 (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the company earned $12.05 EPS. BlackRock's quarterly revenue was up 30.6% on a year-over-year basis. Sell-side analysts anticipate that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

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

BlackRock Company 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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