L2 Asset Management LLC Makes New $759,000 Investment in BlackRock $BLK

L2 Asset Management LLC bought a new stake in shares of BlackRock (NYSE:BLK) in the 2nd quarter, HoldingsChannel reports. The fund bought 789 shares of the asset manager’s stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BLK. Oakworth Capital Inc. raised its position in shares of BlackRock by 1.2% during the 4th quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock worth $808,000 after purchasing an additional 9 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of BlackRock by 5.0% in the 4th quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager’s stock worth $227,000 after purchasing an additional 10 shares during the last quarter. Manske Wealth Management boosted its position in BlackRock by 3.0% during the 4th quarter. Manske Wealth Management now owns 345 shares of the asset manager’s stock valued at $369,000 after purchasing an additional 10 shares during the period. Gibson Capital LLC boosted its position in BlackRock by 3.4% during the 4th quarter. Gibson Capital LLC now owns 308 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 10 shares during the period. Finally, Cornerstone Wealth Management LLC grew its stake in BlackRock by 4.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 230 shares of the asset manager’s stock worth $246,000 after buying an additional 10 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s roughly $965 million investment in Five Below (NASDAQ: FIVE) helped draw attention to its ability to deploy capital into high-growth companies. Five Below also reported strong quarterly results, sending its shares to a record high and potentially highlighting the value of BlackRock’s investment activity. Five Below Stock Soars Following BlackRock Investment
• Positive Sentiment: BlackRock’s covered-call Bitcoin fund reportedly made its first monthly distribution, with an annualized rate of about 18.5%. The product could create a new fee and asset-gathering opportunity, although the high distribution reflects option income and may limit upside participation in Bitcoin. BlackRock Bitcoin Fund Pays First Dividend
• Neutral Sentiment: BlackRock has reiterated that its long-term investment case for Bitcoin remains intact despite a sharp correction. The comments support the firm’s broader digital-asset strategy, but do not directly affect near-term earnings unless they lead to additional fund inflows. BlackRock’s Long-Term Bitcoin Thesis
• Neutral Sentiment: Routine disclosures showed BlackRock subsidiaries’ holdings in Stora Enso fell below 5%, while other reports discussed BlackRock ETFs. These items have limited immediate implications for BLK’s fundamentals. BlackRock Subsidiaries Report Stora Enso Holdings
• Negative Sentiment: BlackRock is reportedly seeking buyers for approximately $671 million of loans held by TCP Capital, using Keefe, Bruyette & Woods to explore a sale. The move is intended to reshape the private-credit vehicle after a difficult period, but it may raise concerns about credit quality, valuation and execution in BlackRock’s private-markets platform. BlackRock Puts TCP Capital Loans on the Block
• Negative Sentiment: A law firm is soliciting investors who experienced losses in BlackRock mutual funds as part of an investigation into alleged misleading disclosures. The announcement is not a formal finding, but it adds legal and reputational risk. BlackRock Investor Rights Investigation

BlackRock Trading Up 1.3%

Shares of BLK stock opened at $1,171.83 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The stock has a fifty day moving average of $1,070.33 and a two-hundred day moving average of $1,044.42. The firm has a market capitalization of $181.48 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating 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 period last year, the company earned $12.05 earnings per share. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. As a group, research analysts expect that BlackRock will post 55.86 EPS for the current year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BLK. Evercore reaffirmed an “outperform” rating and issued a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. Keefe, Bruyette & Woods lowered shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Morgan Stanley increased their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. BNP Paribas Exane lifted their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised shares of BlackRock from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $1,165.00 to $1,364.00 in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, BlackRock currently has a consensus rating of “Buy” and a consensus target price of $1,311.06.

About BlackRock

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.