NewEdge Advisors LLC Purchases 1,888 Shares of BlackRock $BLK

NewEdge Advisors LLC boosted its holdings in shares of BlackRock (NYSE:BLK) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 73,695 shares of the asset manager’s stock after acquiring an additional 1,888 shares during the quarter. NewEdge Advisors LLC’s holdings in BlackRock were worth $70,861,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 296 shares in the last quarter. Bison Wealth LLC boosted its holdings in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in BlackRock in the second quarter valued at $259,000. Nebula Research & Development LLC purchased a new position in BlackRock during the 2nd quarter valued at $548,000. Finally, Osterweis Capital Management Inc. bought a new position in BlackRock in the 2nd quarter worth $98,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of several research analyst reports. Bank of America raised their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Barclays raised their price objective on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. UBS Group lifted their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One research 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’s stock. According to data from MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and an average price target of $1,311.06.

BlackRock Stock Performance

Shares of BLK opened at $1,095.40 on Wednesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $1,098.89 and its 200-day moving average price is $1,049.58. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The stock has a market cap of $169.64 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.24 and a beta of 1.41.

BlackRock (NYSE:BLK) last posted 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 company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the company earned $12.05 EPS. Equities research analysts anticipate that BlackRock will post 55.86 earnings per share for the current fiscal 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 $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s payout ratio is currently 54.78%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is among the investors participating in a potential sale of up to a 5.54% stake in Adani Airport Holdings. The investment gives BlackRock exposure to airport infrastructure growth, expanding passenger traffic and related real-estate development. Adani Enterprises to sell stake in airport unit
• Positive Sentiment: BlackRock joined Samsung and other investors in Mistral AI’s €3 billion Series D financing. The deal increases BlackRock’s exposure to the rapidly growing artificial-intelligence sector and could support future private-market investment products, although returns remain uncertain. Mistral AI raises Series D funding
• Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund is expanding its use as collateral across prime brokers through Securitize. Wider collateral acceptance could accelerate adoption of BUIDL and strengthen BlackRock’s position in blockchain-based asset management. Securitize expands BUIDL collateral use
• Neutral Sentiment: BlackRock participated in the anchor-investor round for India-based rental platform Rentomojo ahead of its IPO. The investment demonstrates continued activity in emerging-market private and public offerings, but its likely near-term effect on earnings and assets under management is limited. Rentomojo IPO anchor round
• Negative Sentiment: Reports that Beacon Pointe hired executives from BlackRock may prompt concerns about talent retention, though the departures do not currently indicate a material impact on operations.
• Negative Sentiment: BlackRock underperformed the broader market in the latest session, suggesting investors were responding primarily to wider market pressure rather than a newly reported deterioration in the company’s fundamentals.

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.