128,020 Shares in BlackRock $BLK Acquired by Andra AP fonden

Andra AP fonden purchased a new position in BlackRock (NYSE:BLK) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 128,020 shares of the asset manager’s stock, valued at approximately $123,099,000. BlackRock makes up about 1.4% of Andra AP fonden’s holdings, making the stock its 12th biggest holding.

Several other institutional investors also recently modified their holdings of BLK. Santa Clara Valley Transportation Authority acquired a new stake in BlackRock during the second quarter valued at $129,138,253,000. BlackRock Inc. acquired a new position in BlackRock in the 2nd quarter worth about $9,747,857,000. State Street Corp raised its stake in shares of BlackRock by 0.5% during 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 in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after buying an additional 5,386,640 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in shares of BlackRock by 4.7% during 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 buying an additional 237,667 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings downgraded shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Bank of America upped their price target on BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. UBS Group boosted their target price on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 price target on shares of BlackRock in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,311.06.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF, IBIT, reportedly attracted approximately $381 million of a record $998.95 million in one-day inflows across U.S. Bitcoin ETFs. Strong demand could support fee revenue, assets under management and BlackRock’s position in the fast-growing digital-asset market. Bitcoin ETFs Record Nearly $1 Billion in Single-Day Inflows — Top Buyers Revealed
• Positive Sentiment: The firm launched LifePath Solutions, expanding its retirement and target-date investment offerings. The move could broaden BlackRock’s distribution reach and reinforce its position in retirement portfolios. BlackRock Launches LifePath Solutions
• Positive Sentiment: BlackRock increased its stake in Auckland International Airport to 12.4%, signaling conviction in the airport operator, although the investment is not expected to materially affect BLK’s near-term earnings. BlackRock lifts stake in Auckland International Airport to 12.4%
• Neutral Sentiment: BlackRock’s reported partnership with Circle and Visa around Circle’s Arc blockchain platform highlights potential long-term opportunities in stablecoins and digital payments, but the financial contribution to BLK remains unclear. Circle Just Launched Arc With BlackRock and Visa
• Neutral Sentiment: BlackRock’s fixed-income ETF lineup is being promoted as offering potentially higher income than traditional bond ETFs, which could aid demand, though higher yields may reflect greater risk and do not directly change company earnings. BlackRock’s $16.6 Billion Bond Fund Pays 6% Monthly
• Negative Sentiment: BlackRock launched a lower-cost ETF tracking the same index as Invesco’s QQQ. While the product may attract new assets, aggressive fee competition could pressure margins and potentially cannibalize existing funds. BlackRock Just Declared War on QQQ
• Negative Sentiment: BlackRock trimmed its stake in Caledonia Mining, a routine portfolio change that provides little direct benefit to BLK and may modestly weigh on sentiment. BlackRock Trims Stake in Caledonia Mining

BlackRock Stock Performance

BLK stock traded down $18.39 on Tuesday, reaching $1,071.88. 192,376 shares of the company were exchanged, compared to its average volume of 755,416. The firm has a market capitalization of $166.00 billion, a PE ratio of 25.62, a PEG ratio of 1.18 and a beta of 1.41. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The stock’s fifty day moving average price is $1,109.47 and its 200 day moving average price is $1,048.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the company earned $12.05 EPS. The company’s quarterly revenue was up 30.6% on a year-over-year basis. On average, research analysts anticipate that BlackRock will post 55.96 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid 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 payout ratio is currently 54.78%.

About BlackRock

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.