Lombard Odier Asset Management Switzerland SA Invests $4.91 Million in BlackRock $BLK

Lombard Odier Asset Management Switzerland SA bought a new stake in BlackRock (NYSE:BLK) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,107 shares of the asset manager’s stock, valued at approximately $4,911,000.

Several other hedge funds have also recently added to or reduced their stakes in BLK. Lombard Odier Asset Management USA Corp bought a new position in shares of BlackRock in the first quarter valued at approximately $315,000. Waverly Advisors LLC raised its holdings in BlackRock by 6.0% during the first quarter. Waverly Advisors LLC now owns 21,609 shares of the asset manager’s stock worth $20,782,000 after purchasing an additional 1,226 shares in the last quarter. Unisphere Establishment lifted its position in BlackRock by 10.5% in the first quarter. Unisphere Establishment now owns 911,700 shares of the asset manager’s stock worth $876,791,000 after purchasing an additional 86,700 shares during the period. Epoch Investment Partners Inc. boosted its stake in BlackRock by 3.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 37,050 shares of the asset manager’s stock valued at $35,631,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Entropy Technologies LP boosted its stake in BlackRock by 114.3% during the 1st quarter. Entropy Technologies LP now owns 18,301 shares of the asset manager’s stock valued at $17,600,000 after purchasing an additional 9,760 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock announced a quarterly dividend of $5.73 per share, reinforcing confidence in the firm’s cash generation and shareholder returns. BlackRock Declares Quarterly Dividend of $5.73 on Common Stock
• Positive Sentiment: Investor interest in BlackRock’s ETF franchise remains strong, with reports highlighting continued momentum in iShares and the recovery in Bitcoin ETF inflows led by IBIT. BlackRock (BLK) Could Be 21% Below Fair Value As Dividend Signals Confidence BlackRock’s IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days
• Positive Sentiment: BlackRock is also being tied to large-scale growth opportunities, including a reported $12.3 billion bond financing for Meta’s Texas AI data facility, underscoring its reach in capital markets and infrastructure finance. BlackRock (BLK) Markets $12.3B in Bonds for Meta’s Texas AI Data Facility
• Neutral Sentiment: BlackRock disclosed a larger stake in Qiagen, raising its voting power to 13%; this is notable for BlackRock’s portfolio activity, but it is not a direct catalyst for BLK earnings. BlackRock builds 11.6% stake in Qiagen, lifting voting power to 13%
• Neutral Sentiment: BlackRock joined other firms in a $15 million Bitcoin security consortium focused on quantum-resistant protections, a long-term strategic initiative with limited immediate financial impact. BlackRock, Coinbase and Strategy Pledge $15M to Quantum-Proof Bitcoin
• Negative Sentiment: Some coverage noted bond investors demanding higher yields on the Meta-linked financing deal, which may reflect increased caution around AI infrastructure risk and could slightly pressure sentiment around BlackRock’s role in the transaction. Bond investors demand higher yields on BlackRock AI-linked financing deal

Insider Activity

In related news, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.92% of the company’s stock.

Analysts Set New Price Targets

BLK has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Bank of America upped their price target 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. BNP Paribas Exane raised their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Evercore reaffirmed an “outperform” rating and issued a $1,145.00 price objective on shares of BlackRock in a research note on Friday, July 10th. Finally, Morgan Stanley boosted their target price on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackRock presently has an average rating of “Buy” and a consensus target price of $1,304.29.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,054.61 on Monday. The company’s fifty day moving average is $1,029.48 and its two-hundred day moving average is $1,041.50. The company has a market cap of $163.45 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.BlackRock’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.05 earnings per share. Equities analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

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 issued a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is currently 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.