Field & Main Bank Acquires New Position in BlackRock $BLK

Field & Main Bank acquired a new position in shares of BlackRock (NYSE:BLK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,558 shares of the asset manager’s stock, valued at approximately $1,498,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC boosted its stake in shares of BlackRock by 5.0% during the 4th quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager’s stock worth $227,000 after acquiring an additional 10 shares in the last quarter. Manske Wealth Management increased its stake in BlackRock by 3.0% in the 4th quarter. Manske Wealth Management now owns 345 shares of the asset manager’s stock valued at $369,000 after purchasing an additional 10 shares in the last quarter. Gibson Capital LLC increased its stake in BlackRock by 3.4% in the 4th quarter. Gibson Capital LLC now owns 308 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 10 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in BlackRock by 4.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 230 shares of the asset manager’s stock worth $246,000 after purchasing an additional 10 shares during the last quarter. Finally, Great Diamond Partners LLC boosted its position in BlackRock by 0.4% during the fourth quarter. Great Diamond Partners LLC now owns 2,791 shares of the asset manager’s stock worth $2,987,000 after purchasing an additional 10 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Down 0.4%

Shares of NYSE:BLK opened at $1,162.58 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The stock’s fifty day simple moving average is $1,079.72 and its 200-day simple moving average is $1,047.58. The company has a market capitalization of $180.05 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.29 and a beta of 1.42.

BlackRock (NYSE:BLK) last posted 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 firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter last year, the business posted $12.05 EPS. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is currently 54.78%.

Analyst Ratings Changes

Several analysts have weighed in on BLK shares. Morgan Stanley upped their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. BMO Capital Markets boosted their price objective on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods downgraded shares of BlackRock from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Bank of America lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,311.06.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s cryptocurrency portfolio reportedly gained more than $15 billion in August, while the firm purchased more than $3.1 billion of Bitcoin and Ethereum-linked assets over eight days. Rising crypto prices and strong inflows into BlackRock’s iShares Bitcoin and Ethereum ETFs could increase fee revenue and reinforce its position in digital-asset investing. BlackRock cryptocurrency portfolio up by over $15 billion so far in August
• Positive Sentiment: A newer BlackRock ETF is reportedly up 19% this year, outperforming JPMorgan’s popular JEPQ while charging the same fee. Better-performing products may help BlackRock attract assets and expand recurring management fees. BlackRock ETF performance comparison
• Positive Sentiment: Adroit Trading Technologies announced integration with BlackRock’s Aladdin platform, expanding access to cross-asset execution tools for mutual clients. The agreement supports Aladdin’s reach and could modestly strengthen BlackRock’s technology-related revenue opportunity. Adroit Trading Technologies Aladdin integration
• Positive Sentiment: BlackRock executives continue to describe Bitcoin as a potential hedge against rising U.S. debt and deficits and say institutional demand is strengthening. This supports the firm’s broader strategy of positioning its ETFs and investment products around digital assets.
• Neutral Sentiment: BlackRock disclosed a significant stake in QIAGEN (QGEN) through a filing with the Dutch financial regulator. The investment may reflect portfolio-management activity, but it is not expected to have a material near-term effect on BLK earnings. BlackRock stake in QIAGEN
• Neutral Sentiment: BlackRock participated in Piramal Finance’s heavily oversubscribed Indian share offering, highlighting continued institutional demand for its investment-management capabilities but providing limited direct impact on BLK’s financial results.
• Neutral Sentiment: BlackRock’s view that the CLARITY Act is less critical for Bitcoin than for other cryptocurrencies suggests the company expects Bitcoin’s institutional adoption to continue even amid regulatory uncertainty.
• Negative Sentiment: Zacks Research downgraded BlackRock from “strong buy” to “hold,” potentially adding valuation pressure after the stock’s substantial advance and recent proximity to its 52-week high.
• Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds and allegations of misleading business information. The announcement is not a formal finding of wrongdoing, but it creates legal and reputational overhang for investors. Rosen Law Firm BlackRock investigation

BlackRock Company 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.