MidFirst Bank Takes $6.84 Million Position in BlackRock $BLK

MidFirst Bank acquired a new position in BlackRock (NYSE:BLK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,113 shares of the asset manager’s stock, valued at approximately $6,840,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLK. Brighton Jones LLC lifted its position in shares of BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC raised its stake in BlackRock by 1.6% during the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after buying an additional 17 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock in the second quarter valued at $259,000. Nebula Research & Development LLC bought a new stake in BlackRock during the second quarter valued at $548,000. Finally, Osterweis Capital Management Inc. acquired a new stake in BlackRock during the 2nd quarter worth about $98,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analysts Set New Price Targets

BLK has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Weiss Ratings lowered BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and set a $1,260.00 price objective on shares of BlackRock in a research report on Monday, August 10th. 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 note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. Two equities 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $1,311.06.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,148.91 on Tuesday. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The stock’s 50 day moving average is $1,056.94 and its 200-day moving average is $1,042.81. 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 firm has a market capitalization of $177.93 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.32 and a beta of 1.42.

BlackRock (NYSE:BLK) last announced 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. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business posted $12.05 EPS. BlackRock’s quarterly revenue was up 30.6% on a year-over-year basis. Sell-side analysts forecast that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders 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 annualized dividend and a dividend yield of 2.0%. BlackRock’s payout ratio is presently 54.78%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Technical momentum remains favorable. BlackRock’s 50-day moving average recently moved above its 200-day average, creating a “golden cross,” which technical analysts view as a bullish signal. After Golden Cross, BlackRock Technical Outlook Is Bright
• Positive Sentiment: Income-investor appeal remains intact. BlackRock is highlighted among dividend-paying financial stocks with favorable analyst ratings and potential price-target upside, which could support demand from yield-focused investors. These 5 Dividend Stocks Show Why Income Investing Still Matters
• Positive Sentiment: Bitcoin ETF demand is a modest supportive factor. Tudor Investment reportedly increased its position in BlackRock’s spot Bitcoin ETF to $22.9 million, reinforcing institutional interest in the product and potentially supporting fee-related asset growth. Tudor Investment Boosts Bitcoin ETF Holdings
• Neutral Sentiment: Valuation comparisons offer no decisive catalyst. A Zacks comparison of BlackRock and Affiliated Managers Group examines which asset manager provides better value, but the article does not establish a clear near-term reason for investors to favor BLK. AMG vs. BLK: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Insurance and financing risks are the main overhang. A roughly $14 billion Texas data-center campus owned by Meta and BlackRock may be significantly underinsured against catastrophic events because insurers are reluctant to provide full coverage. The potential for large uncovered losses could increase lender and investment risk concerns, likely contributing to pressure on BLK. Meta and BlackRock’s Data Centre Exposes Lenders to Insurance Gap

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.