Orion Capital Management LLC Invests $858,000 in BlackRock $BLK

Orion Capital Management LLC acquired 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 institutional investor acquired 892 shares of the asset manager’s stock, valued at approximately $858,000.

A number of other institutional investors have also added to or reduced their stakes in BLK. BlackRock Inc. acquired a new stake in BlackRock in the second quarter valued at $9,747,857,000. Corient Private Wealth LLC increased its stake in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of BlackRock in the 2nd quarter valued at about $4,409,095,000. Norges Bank acquired a new stake in BlackRock in the 4th quarter valued at about $2,742,680,000. Finally, Santa Clara Valley Transportation Authority acquired a new stake in BlackRock in the 2nd quarter valued at about $129,138,253,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Down 0.4%

BlackRock stock opened at $1,162.58 on Friday. The company’s 50-day moving average price is $1,079.72 and its two-hundred day moving average price is $1,047.58. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a market cap 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 has a twelve month low of $917.39 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis. As a group, analysts expect that BlackRock will post 55.86 EPS for the current year.

BlackRock Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore reissued an “outperform” rating and set a $1,260.00 price target on shares of BlackRock in a research report on Monday, August 10th. Keefe, Bruyette & Woods cut BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $1,389.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Weiss Ratings lowered BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,311.06.

Trending Headlines about BlackRock

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

About BlackRock

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.