Flossbach Von Storch SE Makes New $41.44 Million Investment in BlackRock $BLK

Flossbach Von Storch SE purchased a new stake in BlackRock (NYSE:BLK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 43,100 shares of the asset manager’s stock, valued at approximately $41,443,000.

A number of other large investors have also modified their holdings of the stock. Evolution Wealth Management Inc. purchased a new position in BlackRock in the fourth quarter valued at $26,000. RMG Wealth Management LLC acquired a new stake in BlackRock in the 1st quarter valued at about $25,000. Birchbrook Inc. purchased a new position in shares of BlackRock in the 4th quarter valued at about $31,000. Basepoint Wealth LLC acquired a new position in shares of BlackRock during the fourth quarter worth about $32,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of BlackRock during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Up 0.4%

BlackRock stock opened at $1,159.16 on Thursday. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The stock has a 50 day moving average of $1,062.77 and a two-hundred day moving average of $1,043.28. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $179.52 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.30 and a beta of 1.42.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 earnings per share. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, research analysts expect that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLK. BMO Capital Markets lifted their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Bank of America upped their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Zacks Research raised shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,311.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $189.3 million in net inflows Tuesday, bringing August inflows near $951 million. BlackRock’s iShares Bitcoin Trust led with $143.6 million, signaling continued investor demand for one of BlackRock’s fastest-growing product areas. Bitcoin ETFs add $189M as August net inflows approach $1B
• Positive Sentiment: BlackRock reiterated that Bitcoin remains a viable diversification asset after its sharp selloff and said a 1%–2% allocation could improve risk-adjusted returns in a traditional portfolio. The supportive stance may help sustain interest in BlackRock’s crypto offerings. Bitcoin has largely purged froth, BlackRock says
• Positive Sentiment: BlackRock disclosed a roughly $3.45 billion stake in Biogen, whose shares reached a 52-week high after an earnings beat and upgraded outlook. The investment highlights the scale of BlackRock’s asset-management platform, though gains primarily accrue to fund investors rather than directly to BLK earnings. Biogen stock surges after BlackRock investment
• Neutral Sentiment: BlackRock Canada announced monthly cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to investors of record on August 26. The announcement supports product visibility and investor engagement but does not materially change BlackRock’s earnings outlook. BlackRock Canada announces August cash distributions
• Neutral Sentiment: BlackRock’s HPS private-credit unit was reported among creditors taking over MBS Group alongside Oaktree Capital. The development may demonstrate private-credit activity, while also highlighting potential credit and workout risks. BlackRock’s HPS among creditors taking over MBS Group
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging that the company may have provided materially misleading business information. The announcement is not a finding of wrongdoing, but could create legal costs, reputational risk and investor uncertainty. Rosen Law Firm investigates BlackRock mutual funds

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.