BlackRock $BLK Stock Holdings Increased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of BlackRock (NYSE:BLK) by 23.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,495,074 shares of the asset manager’s stock after acquiring an additional 850,406 shares during the period. BlackRock accounts for 0.7% of Wellington Management Group LLP’s investment portfolio, making the stock its 17th biggest holding. Wellington Management Group LLP owned 2.90% of BlackRock worth $4,322,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its stake in BlackRock by 5.0% in the fourth quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager’s stock valued at $227,000 after purchasing an additional 10 shares in the last quarter. Manske Wealth Management increased its stake in shares of BlackRock by 3.0% during the 4th quarter. Manske Wealth Management now owns 345 shares of the asset manager’s stock worth $369,000 after purchasing an additional 10 shares during the last quarter. Gibson Capital LLC boosted its holdings in BlackRock by 3.4% in the fourth quarter. Gibson Capital LLC now owns 308 shares of the asset manager’s stock worth $330,000 after purchasing an additional 10 shares in the last quarter. Cornerstone Wealth Management LLC increased its position 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 buying an additional 10 shares during the last quarter. Finally, Great Diamond Partners LLC raised its holdings in BlackRock by 0.4% during the fourth quarter. Great Diamond Partners LLC now owns 2,791 shares of the asset manager’s stock valued at $2,987,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Down 0.4%

BLK opened at $1,162.58 on Friday. The business has a 50 day moving average of $1,079.72 and a 200-day moving average of $1,047.58. The stock has a market capitalization of $180.05 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.29 and a beta of 1.42. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. BlackRock’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.05 earnings per share. As a group, sell-side analysts anticipate that BlackRock will post 55.86 earnings per share for the current year.

BlackRock Announces Dividend

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

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

Analysts Set New Price Targets

Several analysts have recently issued reports on BLK shares. Zacks Research downgraded BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Evercore restated an “outperform” rating and issued a $1,260.00 target price on shares of BlackRock in a report on Monday, August 10th. BNP Paribas Exane upped their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Bank of America lifted their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,311.06.

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.