Bank of America Corp DE Has $5.03 Billion Stock Position in BlackRock $BLK

Bank of America Corp DE raised its position in BlackRock (NYSE:BLK) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,232,973 shares of the asset manager’s stock after purchasing an additional 35,069 shares during the quarter. Bank of America Corp DE’s holdings in BlackRock were worth $5,032,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 221,123 shares during the last quarter. State Street Corp increased its holdings in BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after buying an additional 33,752 shares during the last quarter. Corient Private Wealth LLC increased its holdings in BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after buying an additional 5,386,640 shares during the last quarter. Temasek Holdings Private Ltd raised its position in BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after acquiring an additional 237,667 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in BlackRock by 0.3% in the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock valued at $4,108,968,000 after acquiring an additional 12,019 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLK. Keefe, Bruyette & Woods boosted their target price on shares of BlackRock from $1,275.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised shares of 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Bank of America increased 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. Finally, Barclays raised their target price on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. 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’s stock. According to MarketBeat, BlackRock has a consensus rating of “Buy” and an average price target of $1,304.29.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Major AI infrastructure venture expands BlackRock’s growth profile. BlackRock-managed funds will own an 80% stake in a roughly $14 billion, 1-gigawatt data-center campus in El Paso, Texas, while Meta retains 20% and leases the facility. BlackRock is contributing approximately $4.9 billion in cash and arranged about $12.3 billion to $12.5 billion of project debt. The deal strengthens BlackRock’s Global Infrastructure Partners and HPS platforms and could generate long-duration management, financing and infrastructure-related fees. Reuters Meta BlackRock data center article
• Positive Sentiment: Alternative assets continue to broaden beyond traditional funds. Influence Media Partners agreed to acquire substantially all of Anthem Entertainment’s music publishing, film and television assets, and master recordings for more than $600 million in collaboration with funds and accounts managed by BlackRock affiliates. The transaction highlights BlackRock’s push into intellectual-property and private-market investments. Influence Media Anthem acquisition article
• Neutral Sentiment: Regulatory filings disclosed BlackRock’s 11.61% capital interest and 13.04% voting stake in QIAGEN, along with a 5.3% position in IonQ and indirect holdings in Stora Enso. These disclosures may attract attention but generally reflect portfolio or client-account activity rather than a direct change to BlackRock’s earnings outlook. BlackRock QIAGEN stake article
• Negative Sentiment: Investors remain concerned about valuation and deal-related risks. BlackRock’s shares appear fully valued after strong multiyear gains and record inflows. The Meta transaction also exposes the company to substantial project-financing, data-center obsolescence and residual-value risks, even though much of the debt sits at the venture level. Broader anxiety over aggressive AI spending and weaker technology stocks may be weighing on sentiment toward the partnership.

BlackRock Trading Down 1.4%

Shares of BLK stock opened at $1,082.38 on Thursday. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The company has a market cap of $167.76 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $1,030.89 and its two-hundred day moving average is $1,041.27.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned $12.05 earnings per share. Equities analysts predict that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. BlackRock’s payout ratio is currently 54.78%.

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.