Proficio Capital Partners LLC Makes New $755,000 Investment in BlackRock $BLK

Proficio Capital Partners LLC acquired a new stake in shares of BlackRock (NYSE:BLK) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 786 shares of the asset manager’s stock, valued at approximately $755,000.

Other hedge funds have also recently modified their holdings of the company. Manske Wealth Management increased its stake in shares of BlackRock by 3.0% in the 4th quarter. Manske Wealth Management now owns 345 shares of the asset manager’s stock worth $369,000 after acquiring an additional 10 shares in the last quarter. McIlrath & Eck LLC lifted its position in BlackRock by 5.0% during the 4th quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager’s stock valued at $227,000 after acquiring an additional 10 shares during the period. Gibson Capital LLC boosted its stake in BlackRock by 3.4% during the fourth quarter. Gibson Capital LLC now owns 308 shares of the asset manager’s stock worth $330,000 after acquiring an additional 10 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in BlackRock by 4.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 230 shares of the asset manager’s stock worth $246,000 after acquiring an additional 10 shares in the last quarter. Finally, Great Diamond Partners LLC grew its holdings in BlackRock by 0.4% in the fourth quarter. Great Diamond Partners LLC now owns 2,791 shares of the asset manager’s stock worth $2,987,000 after purchasing an additional 10 shares during the period. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

BLK has been the subject of a number of analyst reports. Evercore reaffirmed an “outperform” rating and set a $1,260.00 target price on shares of BlackRock in a research note on Monday, August 10th. Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. JPMorgan Chase & Co. upgraded BlackRock from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $1,165.00 to $1,364.00 in a research note on Thursday, July 16th. Finally, Barclays boosted their target price on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,311.06.

BlackRock Stock Down 2.4%

Shares of BlackRock stock opened at $1,127.43 on Wednesday. The company has a 50-day simple moving average of $1,084.05 and a two-hundred day simple moving average of $1,048.14. The stock has a market capitalization of $174.61 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.41. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. 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 (NYSE:BLK) last posted 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. 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 14.90%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.05 earnings per share. On average, analysts anticipate that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm 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. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is currently 54.78%.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Orion added BlackRock’s model portfolios to its Tailored Allocation Portfolios platform, alongside Fidelity and Vanguard. The partnership broadens access to BlackRock strategies and could support future asset gathering and fee revenue. Orion Adds BlackRock, Fidelity Investments, and Vanguard to Tailored Allocation Portfolios
• Positive Sentiment: BlackRock was the primary driver of a rebound in U.S. spot Bitcoin ETF flows, with its iShares Bitcoin Trust contributing substantially to approximately $216.7 million of industrywide net inflows. Continued demand can increase assets under management and fee income. BlackRock drives $217M Bitcoin ETF rebound
• Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund reportedly reclaimed the leading position in the tokenized Treasury market, reaching roughly $2.8 billion in market value. This reinforces the firm’s position in digital assets and blockchain-based investment products. BlackRock’s BUIDL Reclaims Top Spot for Tokenized Treasuries
• Neutral Sentiment: BlackRock reportedly warned that hyperscalers could face approximately $100 billion in AI-related debt, highlighting risks from elevated AI infrastructure spending. The comments may weigh on broader risk sentiment but do not represent a reported change to BlackRock’s earnings outlook. BlackRock Sounds the Alarm on a $100 Billion AI Debt Problem
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging misleading business information. The allegations are preliminary, but the headline creates legal and reputational risk. Rosen Law Firm Investigation
• Negative Sentiment: A former BlackRock employee filed a lawsuit seeking $12 million over alleged unpaid carried interest. The financial exposure appears limited relative to BlackRock’s size, but the case could expose details about compensation practices. Ex-BlackRock Employee Sues for $12M

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.