Two Sigma Securities LLC grew its holdings in BlackRock (NYSE:BLK - Free Report) by 1,189.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,954 shares of the asset manager's stock after buying an additional 7,337 shares during the quarter. BlackRock accounts for approximately 0.7% of Two Sigma Securities LLC's holdings, making the stock its 13th biggest holding. Two Sigma Securities LLC's holdings in BlackRock were worth $7,648,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. RMG Wealth Management LLC bought a new position in BlackRock during the first quarter worth about $25,000. Addison Advisors LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at approximately $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new position in shares of BlackRock during the 4th quarter worth approximately $26,000. Finally, Meeder Asset Management Inc. bought a new position in shares of BlackRock during the 2nd quarter worth approximately $30,000. 80.69% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
BLK has been the topic of a number of analyst reports. BNP Paribas Exane upped their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reissued a "buy" rating and set a $1,389.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Evercore restated an "outperform" rating and issued a $1,260.00 target price on shares of BlackRock in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,258.00 target price on shares of BlackRock in a report on Thursday, July 16th. Finally, Barclays increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and a consensus target price of $1,311.06.
View Our Latest Research Report on BlackRock
BlackRock Trading Down 0.2%
BLK stock opened at $1,162.58 on Monday. The business has a fifty day moving average price of $1,079.72 and a 200 day moving average price of $1,047.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The stock has a market capitalization of $180.05 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.28 and a beta of 1.42.
BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm earned $12.05 earnings per share. The business's revenue was up 30.6% on a year-over-year basis. Analysts expect that BlackRock will post 55.86 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. Investors of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock's dividend payout ratio is 54.78%.
BlackRock News Summary
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: BlackRock’s cryptocurrency portfolio reportedly gained more than $15 billion in August, while the firm purchased more than $3.1 billion of Bitcoin and Ethereum-linked assets over eight days. Rising crypto prices and strong inflows into BlackRock’s iShares Bitcoin and Ethereum ETFs could increase fee revenue and reinforce its position in digital-asset investing. BlackRock cryptocurrency portfolio up by over $15 billion so far in August
- Positive Sentiment: A newer BlackRock ETF is reportedly up 19% this year, outperforming JPMorgan’s popular JEPQ while charging the same fee. Better-performing products may help BlackRock attract assets and expand recurring management fees. BlackRock ETF performance comparison
- Positive Sentiment: Adroit Trading Technologies announced integration with BlackRock’s Aladdin platform, expanding access to cross-asset execution tools for mutual clients. The agreement supports Aladdin’s reach and could modestly strengthen BlackRock’s technology-related revenue opportunity. Adroit Trading Technologies Aladdin integration
- Positive Sentiment: BlackRock executives continue to describe Bitcoin as a potential hedge against rising U.S. debt and deficits and say institutional demand is strengthening. This supports the firm’s broader strategy of positioning its ETFs and investment products around digital assets.
- Neutral Sentiment: BlackRock disclosed a significant stake in QIAGEN (QGEN) through a filing with the Dutch financial regulator. The investment may reflect portfolio-management activity, but it is not expected to have a material near-term effect on BLK earnings. BlackRock stake in QIAGEN
- Neutral Sentiment: BlackRock participated in Piramal Finance’s heavily oversubscribed Indian share offering, highlighting continued institutional demand for its investment-management capabilities but providing limited direct impact on BLK’s financial results.
- Neutral Sentiment: BlackRock’s view that the CLARITY Act is less critical for Bitcoin than for other cryptocurrencies suggests the company expects Bitcoin’s institutional adoption to continue even amid regulatory uncertainty.
- Negative Sentiment: Zacks Research downgraded BlackRock from “strong buy” to “hold,” potentially adding valuation pressure after the stock’s substantial advance and recent proximity to its 52-week high.
- Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds and allegations of misleading business information. The announcement is not a formal finding of wrongdoing, but it creates legal and reputational overhang for investors. Rosen Law Firm BlackRock investigation
About BlackRock
(
Free Report)
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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