Nykredit A S Invests $50.52 Million in BlackRock $BLK

Key Points

• Nykredit A/S acquired 52,537 BlackRock shares worth approximately $50.52 million in the second quarter. Institutional investors own about 80.69% of BlackRock’s outstanding stock.
• BlackRock reported stronger-than-expected quarterly results, with EPS of $13.91 versus the $12.69 consensus and revenue of $7.08 billion, up 30.6% year over year. The company also declared a $5.73 quarterly dividend, equivalent to a 2.1% annualized yield.
• Analysts remain bullish, with a consensus “Moderate Buy” rating and an average price target of $1,311.06, although the stock recently traded down 1.8%. A preliminary law-firm investigation into BlackRock mutual funds represents a potential legal and reputational overhang.

Nykredit A S acquired a new stake 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 (SEC). The firm acquired 52,537 shares of the asset manager's stock, valued at approximately $50,517,000.

Several other large investors have also recently added to or reduced their stakes in the business. Advisors Capital Management LLC acquired a new stake in shares of BlackRock in the 2nd quarter valued at $33,847,000. Legal & General Group Plc increased its holdings in BlackRock by 0.8% in the fourth 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 last quarter. Varma Mutual Pension Insurance Co acquired a new stake in BlackRock in the second quarter valued at $28,185,000. Haverford Trust Co acquired a new stake in BlackRock in the second quarter valued at $264,500,000. Finally, Liberty One Investment Management LLC lifted its holdings 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 worth $4,675,000 after buying an additional 1,141 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Trading Down 1.8%

NYSE BLK opened at $1,107.96 on Thursday. The firm's fifty day moving average is $1,086.58 and its two-hundred day moving average is $1,048.51. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market cap of $171.59 billion, a PE ratio of 26.48, a P/E/G ratio of 1.24 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating 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%. BlackRock's quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the firm posted $12.05 EPS. Analysts expect that BlackRock will post 55.86 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date of this dividend 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 Analysts Forecast Growth

A number of research analysts have recently commented on BLK shares. UBS Group increased their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a report on Thursday, July 16th. BNP Paribas Exane boosted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. raised BlackRock from a "neutral" rating to an "overweight" rating and upped their target price for the company from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Finally, Morgan Stanley raised their price target on BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, BlackRock presently has an average rating of "Moderate Buy" and a consensus price target of $1,311.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Orion added BlackRock’s model portfolios to its Tailored Allocation Portfolios platform, expanding BLK’s distribution among financial advisors and supporting potential long-term asset and fee growth. Orion Adds BlackRock, Fidelity Investments, and Vanguard to Tailored Allocation Portfolios
• Positive Sentiment: BlackRock’s iShares Bitcoin ETF, IBIT, led a rebound in U.S. spot Bitcoin ETF demand with approximately $217 million in inflows attributed to the fund. Strong ETF flows can support management fees and reinforce BlackRock’s position in digital assets. BlackRock drives $217M Bitcoin ETF rebound
• Positive Sentiment: BlackRock’s investment strategist said the artificial-intelligence build-out remains in its early phase, with adoption and productivity gains still ahead. Continued technology spending could benefit BLK through demand for thematic funds and broader market appreciation. BlackRock: AI Boom Still in Phase 1
• Neutral Sentiment: BlackRock disclosed changes to its ownership positions in Anheuser-Busch InBev and Qiagen. The filings are regulatory transparency updates and do not indicate a material change to BLK’s operating outlook. BlackRock’s Stake in AB InBev
• Neutral Sentiment: Analyst coverage remains optimistic about BlackRock’s prospects despite the stock underperforming the Dow over the past year. A separate value comparison with Affiliated Managers Group provides context but does not introduce a new price target or recommendation. Is BlackRock Stock Underperforming the Dow?
• Negative Sentiment: Rosen Law Firm is investigating potential securities claims involving BlackRock mutual funds. The investigation is preliminary, but it creates reputational and legal overhang for the company and its fund business. Rosen Law Firm Securities Class Action Investigation

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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