Everett Harris & Co. CA Makes New $4.44 Million Investment in BlackRock $BLK

Everett Harris & Co. CA acquired a new stake in BlackRock (NYSE:BLK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,622 shares of the asset manager’s stock, valued at approximately $4,444,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in BlackRock in the fourth quarter valued at $26,000. RMG Wealth Management LLC acquired a new position in BlackRock in the first quarter valued at $25,000. Birchbrook Inc. purchased a new position in shares of BlackRock during the fourth quarter worth about $31,000. Basepoint Wealth LLC acquired a new stake in shares of BlackRock during the fourth quarter worth about $32,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of BlackRock during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia (NASDAQ: NVDA) and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink’s BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

Analyst Ratings Changes

A number of analysts recently issued reports on BLK shares. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Barclays boosted their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Zacks Research raised BlackRock from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, BNP Paribas Exane raised their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $1,311.06.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,172.20 on Friday. The stock has a fifty day moving average price of $1,053.84 and a 200 day moving average price of $1,043.07. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market cap of $181.54 billion, a PE ratio of 28.02, a P/E/G ratio of 1.33 and a beta of 1.42.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the previous year, the company posted $12.05 EPS. BlackRock’s revenue was up 30.6% compared to the same quarter last year. Sell-side analysts forecast that BlackRock will post 55.63 EPS for the current 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 paid a $5.73 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. BlackRock’s payout ratio is 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.