MassMutual Private Wealth & Trust FSB Has $15.91 Million Stock Position in BlackRock $BLK

MassMutual Private Wealth & Trust FSB reduced its holdings in shares of BlackRock (NYSE:BLK) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,550 shares of the asset manager’s stock after selling 616 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in BlackRock were worth $15,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. CX Institutional raised its holdings in BlackRock by 6.9% in the 2nd quarter. CX Institutional now owns 633 shares of the asset manager’s stock valued at $608,000 after acquiring an additional 41 shares during the period. SWP Investment Management LLC boosted its holdings in shares of BlackRock by 3.6% during the second quarter. SWP Investment Management LLC now owns 2,888 shares of the asset manager’s stock worth $2,777,000 after acquiring an additional 100 shares during the period. First Financial Bank Trust Division grew its position in shares of BlackRock by 1.0% in the second quarter. First Financial Bank Trust Division now owns 1,657 shares of the asset manager’s stock valued at $1,593,000 after purchasing an additional 16 shares during the last quarter. Eastern Bank grew its position in shares of BlackRock by 3.1% in the second quarter. Eastern Bank now owns 44,630 shares of the asset manager’s stock valued at $42,915,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Roxbury Financial LLC increased its stake in shares of BlackRock by 1.7% during the second quarter. Roxbury Financial LLC now owns 764 shares of the asset manager’s stock worth $734,000 after purchasing an additional 13 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Tokenized money-market expansion: BlackRock introduced two blockchain-based offerings: OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). The products invest in cash, short-term U.S. Treasuries and repurchase agreements, while targeting institutional demand for stablecoin reserves and digital-asset infrastructure. BlackRock Intros Pair of Tokenized Money Market Offerings
• Positive Sentiment: Potential first-mover advantage in digital assets: BSTBL is available as a tokenized share class on Ethereum, while BRSRV supports multiple blockchains and is designed to automatically reinvest daily dividends. The offerings are intended to qualify as stablecoin reserve assets under the U.S. GENIUS Act, potentially opening a new distribution channel for BlackRock’s money-market products. BlackRock launches tokenized money market funds for stablecoin reserves
• Positive Sentiment: Strong underlying fundamentals: Recent quarterly results exceeded expectations, with earnings per share of $13.91 versus a $12.69 consensus estimate and revenue of $7.08 billion versus $6.73 billion expected. Revenue increased about 31% year over year, and assets under management reached a reported record of $15.34 trillion.
• Neutral Sentiment: Growth beyond traditional asset management: BlackRock is reportedly pursuing Mexican infrastructure and development projects alongside rivals such as Apollo. The initiative could diversify long-term revenue, but it may also require significant capital and carries execution and regulatory risks. BlackRock Jostles Rivals Like Apollo in Bid for Mexican Projects
• Negative Sentiment: Insider selling and legal overhang: A market-data summary showed multiple BlackRock executives, including CEO Laurence Fink, sold shares during the past six months without reported purchases. Separately, Rosen Law Firm announced an investigation involving certain BlackRock mutual funds; the investigation is only an allegation at this stage, but it could create reputational or litigation risk. Rosen Law Firm BlackRock investigation

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. TD Cowen dropped their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Bank of America boosted their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $1,304.29.

BlackRock Stock Up 3.5%

Shares of NYSE BLK opened at $1,128.33 on Tuesday. The company has a market cap of $174.88 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.23 and a beta of 1.42. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The stock has a 50-day moving average price of $1,033.13 and a two-hundred day moving average price of $1,041.68.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $12.05 earnings per share. As a group, analysts forecast that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Announces Dividend

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

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.