Cooper Financial Group Cuts Stake in BlackRock $BLK

Cooper Financial Group lowered its stake in shares of BlackRock (NYSE:BLK) by 58.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 391 shares of the asset manager’s stock after selling 560 shares during the quarter. Cooper Financial Group’s holdings in BlackRock were worth $376,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new position in shares of BlackRock during the 1st quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $26,000. Birchbrook Inc. bought a new stake in shares of BlackRock in the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA purchased a new position in BlackRock in the fourth quarter valued at approximately $32,000. Finally, Basepoint Wealth LLC purchased a new position in BlackRock in the fourth quarter valued at approximately $32,000. Institutional investors own 80.69% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched two tokenized money-market funds, BSTBL and BRSRV, using blockchain infrastructure while maintaining regulated-fund liquidity and principal-stability objectives. The products are designed partly to serve stablecoin reserve needs, strengthening BlackRock’s position in digital-asset infrastructure and potentially expanding fee-generating assets under management. BlackRock Launches Tokenized Cash Funds
• Positive Sentiment: BlackRock fixed-income CIO Rick Rieder said a Federal Reserve rate hike does not currently make sense given economic data. A stable or lower-rate environment could support bond-market activity and demand for fixed-income products, benefiting BlackRock’s asset-management business. BlackRock’s Rick Rieder Sees Rate Hike Unlikely
• Positive Sentiment: BlackRock funds disclosed sizable new positions in SPCX, Marvell, Apple, Honeywell, and Microsoft in their second-quarter 13F filing. These transactions do not represent purchases by BlackRock’s corporate balance sheet, but they highlight continued fund activity and portfolio demand across equities. BlackRock Disclosed New Holdings
• Neutral Sentiment: Rieder described the July jobs report as “unremarkable,” while BlackRock’s Jeffrey Rosenberg warned that payroll revisions may indicate greater labor-market weakness than the headline figures suggest. The mixed economic signals leave the Fed outlook—and therefore bond-market revenue conditions—uncertain. BlackRock’s Rieder on Jobs Report, Fed Rates and Bonds
• Neutral Sentiment: BlackRock’s iShares Ethereum Trust is scheduled for a one-for-three reverse split. The action changes the ETF’s share price and share count but not investors’ proportional economic interest, making it largely an administrative event for BLK. BlackRock’s Ethereum ETF Reverse Split
• Negative Sentiment: BlackRock TCP Capital is moving approximately $523 million of loans—nearly half its debt investments—to a Pantheon-backed fund while cutting leverage and reviewing strategic options. Although TCPC is separate from BLK, the developments may raise questions about private-credit asset quality and execution risks within BlackRock’s broader alternatives platform. BlackRock Offloads Loans

BlackRock Trading Up 0.7%

NYSE:BLK opened at $1,137.21 on Friday. The company has a market cap of $176.26 billion, a P/E ratio of 27.18, a P/E/G ratio of 1.28 and a beta of 1.42. The stock’s fifty day moving average price is $1,038.98 and its two-hundred day moving average price is $1,042.21. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. 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) last announced its quarterly earnings results 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 15.01% and a net margin of 24.09%.The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the previous year, the business earned $12.05 earnings per share. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. As a group, analysts expect that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders 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 dividend yield of 2.0%. BlackRock’s dividend payout ratio is currently 54.78%.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Keefe, Bruyette & Woods upped their price target on BlackRock from $1,275.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Zacks Research upgraded BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. raised BlackRock from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Finally, Evercore restated an “outperform” rating and issued a $1,145.00 price objective on shares of BlackRock in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1,304.29.

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.