OMERS ADMINISTRATION Corp Invests $10.51 Million in BlackRock $BLK

Key Points

• OMERS Administration Corp. acquired 10,932 BlackRock shares in the second quarter, valued at approximately $10.51 million. Institutional investors collectively own 80.69% of BlackRock’s stock.
• BlackRock reported stronger-than-expected quarterly results, with earnings of $13.91 per share and revenue of $7.08 billion, representing 30.6% year-over-year revenue growth.
• The company declared a quarterly dividend of $5.73 per share, or $22.92 annualized, yielding about 2.0%. Analysts maintain a consensus “Buy” rating with an average price target of $1,311.06.

OMERS ADMINISTRATION Corp acquired 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 firm acquired 10,932 shares of the asset manager's stock, valued at approximately $10,512,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock valued at $1,615,000 after acquiring an additional 296 shares during the period. Bison Wealth LLC boosted its holdings in shares of BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager's stock worth $1,078,000 after acquiring an additional 17 shares during the period. Schnieders Capital Management LLC. purchased a new position in shares of BlackRock in the second quarter valued at $259,000. Nebula Research & Development LLC bought a new stake in shares of BlackRock during the 2nd quarter valued at $548,000. Finally, Osterweis Capital Management Inc. purchased a new stake in BlackRock during the 2nd quarter worth about $98,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Performance

NYSE BLK opened at $1,171.83 on Tuesday. The company has a market capitalization of $181.48 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.28 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The company has a fifty day moving average of $1,070.33 and a 200-day moving average of $1,044.42.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results 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 business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the business posted $12.05 earnings per share. As a group, equities research analysts predict that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock's dividend payout ratio (DPR) is 54.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BLK shares. UBS Group increased their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Evercore reaffirmed an "outperform" rating and set a $1,260.00 target price on shares of BlackRock in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Barclays boosted their price target on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised shares of BlackRock from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, BlackRock presently has a consensus rating of "Buy" and a consensus price target of $1,311.06.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s roughly $965 million investment in Five Below NASDAQ: FIVE helped draw attention to its ability to deploy capital into high-growth companies. Five Below also reported strong quarterly results, sending its shares to a record high and potentially highlighting the value of BlackRock’s investment activity. Five Below Stock Soars Following BlackRock Investment
• Positive Sentiment: BlackRock’s covered-call Bitcoin fund reportedly made its first monthly distribution, with an annualized rate of about 18.5%. The product could create a new fee and asset-gathering opportunity, although the high distribution reflects option income and may limit upside participation in Bitcoin. BlackRock Bitcoin Fund Pays First Dividend
• Neutral Sentiment: BlackRock has reiterated that its long-term investment case for Bitcoin remains intact despite a sharp correction. The comments support the firm’s broader digital-asset strategy, but do not directly affect near-term earnings unless they lead to additional fund inflows. BlackRock’s Long-Term Bitcoin Thesis
• Neutral Sentiment: Routine disclosures showed BlackRock subsidiaries’ holdings in Stora Enso fell below 5%, while other reports discussed BlackRock ETFs. These items have limited immediate implications for BLK’s fundamentals. BlackRock Subsidiaries Report Stora Enso Holdings
• Negative Sentiment: BlackRock is reportedly seeking buyers for approximately $671 million of loans held by TCP Capital, using Keefe, Bruyette & Woods to explore a sale. The move is intended to reshape the private-credit vehicle after a difficult period, but it may raise concerns about credit quality, valuation and execution in BlackRock’s private-markets platform. BlackRock Puts TCP Capital Loans on the Block
• Negative Sentiment: A law firm is soliciting investors who experienced losses in BlackRock mutual funds as part of an investigation into alleged misleading disclosures. The announcement is not a formal finding, but it adds legal and reputational risk. BlackRock Investor Rights Investigation

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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