PensionDanmark Pensionsforsikringsaktieselskab Buys 2,600 Shares of BlackRock $BLK

Key Points

• PensionDanmark increased its BlackRock stake by 11.2% in the second quarter, purchasing 2,600 shares and bringing its holdings to 25,906 shares valued at approximately $24.9 million.
• Analysts remain broadly bullish on BlackRock, with a consensus “Buy” rating and an average price target of $1,304.29; 80.69% of the stock is held by institutional investors and hedge funds.
• BlackRock reported better-than-expected quarterly results, with earnings of $13.91 per share and revenue of $7.08 billion, while declaring a quarterly dividend of $5.73, equivalent to a 2.0% annualized yield.

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in BlackRock (NYSE:BLK - Free Report) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,906 shares of the asset manager's stock after buying an additional 2,600 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in BlackRock were worth $24,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock valued at $1,615,000 after buying an additional 296 shares during the period. Bison Wealth LLC grew its stake in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager's stock valued at $1,078,000 after acquiring an additional 17 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of BlackRock during the second quarter worth about $259,000. Nebula Research & Development LLC bought a new position in shares of BlackRock during the 2nd quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of BlackRock in the 2nd quarter valued at approximately $98,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BLK. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. The Goldman Sachs Group restated a "buy" rating and issued a $1,389.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Evercore reissued an "outperform" rating and issued a $1,145.00 price objective on shares of BlackRock in a research report on Friday, July 10th. Barclays upped their price target on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of BlackRock from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $1,304.29.

BlackRock Trading Down 0.4%

BLK stock opened at $1,128.98 on Friday. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The stock has a market cap of $174.98 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The company has a fifty day moving average price of $1,037.16 and a two-hundred day moving average price of $1,041.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09.

BlackRock (NYSE:BLK - Get Free Report) last issued 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. The company 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 15.01%. The company's revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $12.05 earnings per share. Equities analysts anticipate that BlackRock will post 55.63 EPS for the current 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 issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock's dividend payout ratio is currently 54.78%.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is promoting model portfolios as a way to bring private-market funds to affluent individual investors. Wider distribution could increase fee-generating assets and strengthen BlackRock’s position in alternatives. Wall Street touts outsourced allocation ploy in bid to market private funds to individuals
• Positive Sentiment: BlackRock is expanding blockchain-based products, including tokenized European money-market funds through JPMorgan’s Kinexys platform. The initiative supports long-term growth in digital assets and institutional liquidity products. BlackRock brings tokenized money market funds to Europe via JPMorgan
• Positive Sentiment: BlackRock is among the validators for Circle’s planned Arc blockchain and intends to deploy its BUIDL digital liquidity fund on the network. The relationship could help accelerate adoption of tokenized securities and reinforce BlackRock’s digital-asset leadership. Blueprint for a Banking Fortress: Circle Redraws the Map
• Neutral Sentiment: BlackRock will conduct a one-for-three reverse split of its iShares Ethereum Trust ETF (ETHA). The action raises the per-share price but does not change investors’ proportional ownership or the fund’s underlying value. BlackRock’s Ethereum ETF To Undergo 1-For-3 Reverse Split
• Negative Sentiment: BlackRock TCP Capital Corp. NASDAQ: TCPC, an affiliated business-development company, is transferring approximately $523 million of loans—nearly half of its debt investments—to a Pantheon-backed fund while cutting leverage and reviewing strategic options. The move may reduce risk, but the scale of the restructuring highlights stress in private credit and could weigh on sentiment toward BlackRock’s alternatives platform. BlackRock Offloads $523 Million in Loans to Rescue Troubled Private Credit Fund

BlackRock Company 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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