Gateway Wealth Partners LLC Has $1.15 Million Stock Holdings in BlackRock $BLK

Gateway Wealth Partners LLC lifted its stake in shares of BlackRock (NYSE:BLK) by 270.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,192 shares of the asset manager’s stock after acquiring an additional 870 shares during the quarter. Gateway Wealth Partners LLC’s holdings in BlackRock were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in BlackRock by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock valued at $15,051,846,000 after purchasing an additional 221,123 shares during the period. State Street Corp lifted its position in shares of BlackRock by 0.5% in the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after purchasing an additional 33,752 shares during the period. Corient Private Wealth LLC lifted its position in shares of BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares during the period. Temasek Holdings Private Ltd boosted its stake in shares of BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after purchasing an additional 237,667 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of BlackRock by 3.0% in the 4th quarter. Bank of America Corp DE now owns 5,197,904 shares of the asset manager’s stock valued at $5,563,524,000 after purchasing an additional 149,902 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Performance

Shares of BLK stock opened at $1,099.21 on Wednesday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $1,030.24 and a two-hundred day simple moving average of $1,041.31. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The firm has a market capitalization of $170.37 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.43.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the firm earned $12.05 earnings per share. Analysts forecast that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm 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 $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Major AI infrastructure partnership: BlackRock and Meta Platforms formed an approximately $14 billion venture to develop and operate a one-gigawatt data center campus in El Paso, Texas. BlackRock-managed funds will own 80%, while Meta retains 20% and will operate the facility, which is expected to come online in 2028. The deal highlights BlackRock’s opportunity to earn investment-management and infrastructure-related fees from the multiyear AI buildout. Meta, BlackRock partner on $14 billion El Paso data center
• Positive Sentiment: Strong financing demand: BlackRock reportedly arranged roughly $12.3 billion in senior secured bonds for the project, with the debt rallying before pricing. The successful financing supports the view that BlackRock can scale its Global Infrastructure Partners and HPS platforms while channeling institutional capital into digital infrastructure. BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies
• Positive Sentiment: ETF and crypto-related momentum: BlackRock’s systematic-alternatives ETF reportedly attracted significant inflows, while the firm’s crypto portfolio gained nearly $5 billion in July. These developments reinforce the company’s ability to capture demand across newer investment products, although crypto-related gains may be volatile. BlackRock Stuffed a Hedge Fund Inside an ETF
• Neutral Sentiment: BlackRock’s latest quarterly results showed substantial earnings and revenue beats, with revenue up 30.6% year over year, but analysts noted that the stock may already reflect much of the company’s record inflow and earnings strength. BlackRock Stock Could Be Fully Priced Following Record Inflows
• Negative Sentiment: U.S. spot Bitcoin ETFs experienced renewed outflows late last week, led by BlackRock’s iShares Bitcoin Trust. Continued weakness could reduce fee revenue and weigh on sentiment toward the firm’s crypto franchise. Bitcoin ETFs End Inflow Streak as Fed Rate Concerns Mount

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays lifted 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 note on Wednesday, July 15th. TD Cowen cut their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets increased their price target on BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. BNP Paribas Exane lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Evercore reissued an “outperform” rating and issued a $1,145.00 price objective on shares of BlackRock in a research note on Friday, July 10th. Two equities research 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. Based on data from MarketBeat, 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.