Nykredit A S Acquires Shares of 48,605 BlackRock $BLK

Key Points

• Nykredit A/S acquired 48,605 BlackRock shares worth approximately $46.7 million in the second quarter, while institutional investors and hedge funds collectively own 80.69% of the stock.
• BlackRock reported strong quarterly results, with EPS of $13.91 and revenue of $7.08 billion, up 30.6% year over year and above analyst expectations.
• The company declared a quarterly dividend of $5.73 per share, equivalent to an annualized $22.92 payout and a 2.1% yield; analysts maintain a consensus “Moderate Buy” rating with a $1,311.06 target price.

Nykredit A S bought a new position in BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,605 shares of the asset manager's stock, valued at approximately $46,737,000.

Other hedge funds have also bought and sold shares of the company. Range Advisory LLC raised its stake in BlackRock by 9.1% during the 2nd quarter. Range Advisory LLC now owns 264 shares of the asset manager's stock valued at $253,000 after acquiring an additional 22 shares in the last quarter. Washington Trust Advisors Inc. increased its stake in shares of BlackRock by 27.1% during the second quarter. Washington Trust Advisors Inc. now owns 1,686 shares of the asset manager's stock valued at $1,621,000 after acquiring an additional 360 shares during the period. Ameritas Advisory Services LLC raised its holdings in BlackRock by 110.6% during the second quarter. Ameritas Advisory Services LLC now owns 1,070 shares of the asset manager's stock worth $1,028,000 after purchasing an additional 562 shares in the last quarter. Wedmont Private Capital raised its holdings in BlackRock by 1.9% during the second quarter. Wedmont Private Capital now owns 2,506 shares of the asset manager's stock worth $2,597,000 after purchasing an additional 47 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its position in BlackRock by 52.4% in the second quarter. Beaird Harris Wealth Management LLC now owns 189 shares of the asset manager's stock worth $182,000 after purchasing an additional 65 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Retirement-product expansion: BlackRock’s LifePath Solutions launch could broaden the company’s reach in employer-sponsored retirement plans and support long-term asset and fee growth. What Does BlackRock LifePath Solutions Launch Mean for Retirement Plans?
• Positive Sentiment: Cryptocurrency demand and institutional adoption: BlackRock said Bitcoin volatility has declined to roughly 35%–40%, potentially making the asset more acceptable to institutional investors. The firm’s IBIT Bitcoin ETF was cited as helping expand access. Separately, reported purchases of approximately $844 million through BlackRock’s Bitcoin and Ethereum ETFs highlight continued demand for its digital-asset products. Bitcoin Volatility and BlackRock’s Role BlackRock Cryptocurrency ETF Purchases
• Neutral Sentiment: Portfolio and strategic activity: BlackRock disclosed an 11.58% economic stake and 12.99% voting interest in Qiagen, while Stora Enso detailed BlackRock’s sub-5% global shareholding structure. These filings primarily reflect investment-management activity rather than a direct change to BlackRock’s earnings outlook. BlackRock Stake in Qiagen
• Neutral Sentiment: ETF distributions: BlackRock Canada announced September cash distributions for numerous iShares ETFs, with payments scheduled for September 29 to eligible holders. The announcement reinforces the breadth of BlackRock’s fund platform but has limited direct impact on corporate earnings. BlackRock Canada September ETF Distributions
• Negative Sentiment: Antitrust risk: The Justice Department is reportedly considering joining Texas’ antitrust case against BlackRock and State Street. DOJ participation could increase litigation, reputational and business-model risks for the large asset managers. DOJ Considers Joining Texas Antitrust Case
• Negative Sentiment: Fee competition: Fidelity’s international dividend fund reportedly delivered comparable returns while charging less than half the fee of BlackRock’s competing product. This could pressure asset retention, pricing power and fee revenue in BlackRock’s international ETF business. Fidelity International Dividend Fund Competition

BlackRock Stock Up 1.4%

Shares of BlackRock stock opened at $1,068.97 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $1,108.24 and a two-hundred day moving average price of $1,048.71. The stock has a market capitalization of $165.55 billion, a P/E ratio of 25.55, a PEG ratio of 1.16 and a beta of 1.41. 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 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 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%. BlackRock's revenue was up 30.6% compared to the same quarter last year. During the same period last year, the business posted $12.05 EPS. Equities analysts expect that BlackRock will post 55.96 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock's payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BLK shares. Evercore reiterated an "outperform" rating and issued a $1,260.00 price target on shares of BlackRock in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $1,258.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. BMO Capital Markets lifted 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. BNP Paribas Exane lifted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, BlackRock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.06.

About BlackRock

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.

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