MidFirst Bank Acquires Shares of 7,113 BlackRock $BLK

MidFirst Bank bought a new stake in shares of BlackRock (NYSE:BLK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,113 shares of the asset manager’s stock, valued at approximately $6,840,000.

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

Wall Street Analyst Weigh In

BLK has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded BlackRock from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Barclays increased their target price on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings lowered shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. BMO Capital Markets increased their price objective on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Keefe, Bruyette & Woods lowered shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Two investment 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 company currently has a consensus rating of “Buy” and an average target price of $1,311.06.

BlackRock Stock Performance

BlackRock stock opened at $1,148.91 on Tuesday. The business has a 50 day moving average of $1,056.94 and a 200-day moving average of $1,042.81. The company has a market capitalization of $177.93 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.32 and a beta of 1.42. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.73 billion. During the same period last year, the company earned $12.05 EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. On average, equities research analysts predict that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s payout ratio is 54.78%.

More BlackRock News

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

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.