Invst LLC Takes $1.14 Million Position in BlackRock $BLK

Invst LLC acquired a new stake in BlackRock (NYSE:BLK) in the second quarter, Holdings Channel.com reports. The fund acquired 1,185 shares of the asset manager’s stock, valued at approximately $1,140,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new position in BlackRock in the 1st quarter valued at about $25,000. Addison Advisors LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of BlackRock during the 2nd quarter valued at approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of BlackRock during the 4th quarter valued at approximately $26,000. Finally, Meeder Asset Management Inc. acquired a new position in BlackRock in the second quarter valued at approximately $30,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong inflows into Bitcoin products: BlackRock’s iShares Bitcoin Trust (IBIT) reportedly attracted about $209 million of a $338 million total inflow into U.S. spot Bitcoin ETFs on Aug. 24. Record IBIT options activity—reported at 1.58 million contracts—also points to elevated investor engagement and could support fee-generating assets under management. BlackRock Adds Over 60% of Bitcoin’s $338 Million ETF Inflow
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to express optimism about BlackRock’s long-term growth prospects, despite the stock having lagged the broader market over the past year. The company’s latest reported quarter also showed substantial revenue and earnings beats, reinforcing the bullish outlook. What Are Wall Street Analysts’ Target Price for BlackRock Stock?
• Positive Sentiment: Alternative-asset expansion is gaining visibility: BlackRock’s acquisition of a major stake in Five Below and its role in data-center investment activity highlight the firm’s expanding reach across private markets and growth assets. These developments could support future fee growth, although they are not immediate earnings catalysts for BLK. Data Center Deals Propel July CRE Sales Volume
• Neutral Sentiment: Routine ETF distribution announced: BlackRock Canada declared final August cash distributions for the iShares Premium Money Market ETF. The payment is positive for fund unitholders but should have little direct effect on BlackRock’s corporate earnings or stock valuation. BlackRock Canada Announces Final August Cash Distributions
• Negative Sentiment: Private-credit cleanup raises execution concerns: BlackRock is reportedly exploring a sale of TCP Capital’s remaining $671 million loan portfolio. The move could reduce legacy credit risk and sharpen the private-credit strategy, but it also underscores stress in the vehicle and creates uncertainty around valuation and potential losses. BlackRock Weighs Options for Its $671 Million Private Credit Portfolio
• Negative Sentiment: Legal-investigation headline adds risk: The Rosen law firm said it is investigating potential claims involving alleged misleading information tied to BlackRock mutual funds. The report does not establish wrongdoing, but it could create reputational, regulatory, or litigation concerns. BlackRock Investor News Regarding Potential Mutual Fund Claims

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLK. Morgan Stanley increased their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. Bank of America increased their price target on BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. UBS Group raised their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, BNP Paribas Exane boosted their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, BlackRock presently has an average rating of “Buy” and an average target price of $1,311.06.

BlackRock Price Performance

BLK stock opened at $1,178.27 on Wednesday. The business’s fifty day moving average price is $1,072.86 and its 200 day moving average price is $1,045.14. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $182.48 billion, a PE ratio of 28.16, a P/E/G ratio of 1.29 and a beta of 1.42.

BlackRock (NYSE:BLK) last announced its 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. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the business posted $12.05 EPS. On average, sell-side analysts anticipate that BlackRock will post 55.86 EPS for the current 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 given a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio is currently 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.