MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of BlackRock (NYSE:BLK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,272 shares of the asset manager's stock, valued at approximately $1,223,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of BLK. Advisors Capital Management LLC acquired a new position in BlackRock during the second quarter worth $33,847,000. Legal & General Group Plc boosted its stake 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 valued at $985,331,000 after purchasing an additional 7,457 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new stake in shares of BlackRock in the 2nd quarter worth about $28,185,000. Haverford Trust Co bought a new stake in shares of BlackRock in the 2nd quarter worth about $264,500,000. Finally, Liberty One Investment Management LLC increased its position in shares of BlackRock by 30.7% during the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock worth $4,675,000 after purchasing an additional 1,141 shares in the last quarter. Institutional investors own 80.69% of the company's stock.
BlackRock Stock Down 0.5%
Shares of NYSE BLK opened at $1,167.69 on Friday. The firm's 50-day simple moving average is $1,077.50 and its 200 day simple moving average is $1,046.77. The company has a market cap of $180.84 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. 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 issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company's revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.05 EPS. On average, research analysts expect that BlackRock will post 55.86 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. Stockholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock's dividend payout ratio is 54.78%.
Key Stories Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock’s newer income-focused ETF is reportedly up 19% this year, compared with 10% for JPMorgan’s JEPQ, while charging the same fee. Strong relative performance could support additional iShares inflows and fee revenue. BlackRock ETF outperformance article
- Positive Sentiment: BlackRock continues to highlight Bitcoin’s role as “digital gold” and a hedge against rising U.S. debt and deficits. Management also sees continued strength in Bitcoin, supporting the long-term case for cryptocurrency-related assets under management. BlackRock Bitcoin hedge case article
- Positive Sentiment: Adroit Trading Technologies is integrating its cross-asset execution tools with BlackRock’s Aladdin platform. The partnership may improve Aladdin’s functionality, client retention and potential technology-related revenue. Aladdin integration article
- Positive Sentiment: BlackRock’s crypto portfolio reportedly gained more than $15 billion during August as Bitcoin and Ethereum rallied. The firm is also participating in an Nvidia-led effort tied to AI infrastructure, broadening potential future growth avenues beyond traditional asset management. BlackRock crypto and AI strategy article
Analysts Set New Price Targets
Several equities analysts recently issued reports on BLK shares. Barclays lifted their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. UBS Group lifted their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. BNP Paribas Exane boosted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley increased their price target on BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,311.06.
Get Our Latest Report on BlackRock
BlackRock Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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