OneDigital Investment Advisors LLC Invests $3.17 Million in BlackRock $BLK

Key Points

• OneDigital Investment Advisors acquired 3,292 BlackRock shares worth approximately $3.17 million during the second quarter. Institutional investors and hedge funds collectively own 80.69% of BLK.
• Wall Street remains bullish, with 16 analysts rating BlackRock a Buy or Strong Buy and an average price target of $1,311.06. Shares opened at $1,172.20, down 0.1%.
• BlackRock reported strong quarterly results, including $13.91 in EPS and $7.08 billion in revenue, up 30.6% year over year. The company also declared a quarterly dividend of $5.73 per share, equivalent to a 2.0% annualized yield.

OneDigital Investment Advisors LLC bought a new position in shares of BlackRock (NYSE:BLK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,292 shares of the asset manager's stock, valued at approximately $3,165,000.

Several other large investors have also recently bought and sold shares of BLK. Vanguard Group Inc. increased its holdings in shares of BlackRock by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager's stock worth $15,051,846,000 after purchasing an additional 221,123 shares during the period. State Street Corp lifted its stake in shares of BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock valued at $6,705,193,000 after buying an additional 33,752 shares during the period. Corient Private Wealth LLC grew its position in BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock valued at $5,126,387,000 after acquiring an additional 237,667 shares during the period. Finally, Bank of America Corp DE increased its stake in BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager's stock valued at $5,032,603,000 after acquiring an additional 35,069 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of research reports. Barclays raised their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. The Goldman Sachs Group restated a "buy" rating and set a $1,389.00 price objective on shares of BlackRock in a research 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 research note on Thursday, July 16th. Bank of America raised their target price on BlackRock from $1,298.00 to $1,320.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Finally, BNP Paribas Exane lifted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $1,311.06.

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

BlackRock Stock Down 0.1%

Shares of BLK opened at $1,172.20 on Monday. 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 company has a 50-day moving average price of $1,053.84 and a two-hundred day moving average price of $1,042.51. The stock has a market cap of $181.54 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.32 and a beta of 1.42. 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 released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the company posted $12.05 EPS. The company's revenue was up 30.6% compared to the same quarter last year. Equities analysts predict that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

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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