NewEdge Advisors LLC Has $70.86 Million Stock Holdings in BlackRock $BLK

NewEdge Advisors LLC raised its stake in BlackRock (NYSE:BLK) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,695 shares of the asset manager’s stock after buying an additional 1,888 shares during the period. NewEdge Advisors LLC’s holdings in BlackRock were worth $70,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BLK. California State Teachers Retirement System boosted its position in shares of BlackRock by 96,671.4% during the 2nd quarter. California State Teachers Retirement System now owns 213,813,443 shares of the asset manager’s stock valued at $205,594,454,000 after purchasing an additional 213,592,496 shares in the last quarter. BlackRock Inc. acquired a new stake in BlackRock in the second quarter valued at approximately $9,747,857,000. Corient Private Wealth LLC increased its holdings in shares of BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after acquiring an additional 5,386,640 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of BlackRock during the second quarter valued at about $4,409,095,000. Finally, Norges Bank bought a new stake in shares of BlackRock during the fourth quarter worth about $2,742,680,000. 80.69% of the stock is owned by institutional investors.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is among the investors participating in a potential sale of up to a 5.54% stake in Adani Airport Holdings. The investment gives BlackRock exposure to airport infrastructure growth, expanding passenger traffic and related real-estate development. Adani Enterprises to sell stake in airport unit
• Positive Sentiment: BlackRock joined Samsung and other investors in Mistral AI’s €3 billion Series D financing. The deal increases BlackRock’s exposure to the rapidly growing artificial-intelligence sector and could support future private-market investment products, although returns remain uncertain. Mistral AI raises Series D funding
• Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund is expanding its use as collateral across prime brokers through Securitize. Wider collateral acceptance could accelerate adoption of BUIDL and strengthen BlackRock’s position in blockchain-based asset management. Securitize expands BUIDL collateral use
• Neutral Sentiment: BlackRock participated in the anchor-investor round for India-based rental platform Rentomojo ahead of its IPO. The investment demonstrates continued activity in emerging-market private and public offerings, but its likely near-term effect on earnings and assets under management is limited. Rentomojo IPO anchor round
• Negative Sentiment: Reports that Beacon Pointe hired executives from BlackRock may prompt concerns about talent retention, though the departures do not currently indicate a material impact on operations.
• Negative Sentiment: BlackRock underperformed the broader market in the latest session, suggesting investors were responding primarily to wider market pressure rather than a newly reported deterioration in the company’s fundamentals.

BlackRock Trading Down 2.4%

NYSE BLK opened at $1,095.40 on Wednesday. The firm has a market cap of $169.64 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The stock has a 50-day moving average of $1,098.89 and a 200-day moving average of $1,049.58. 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 (NYSE:BLK) last posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 14.90% 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 period last year, the company earned $12.05 EPS. As a group, sell-side analysts forecast that BlackRock will post 55.86 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio is 54.78%.

Analyst Ratings Changes

Several research firms have commented on BLK. 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. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. Evercore reiterated an “outperform” rating and issued a $1,260.00 price target on shares of BlackRock in a research report on Monday, August 10th. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Bank of America raised their price target on BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,311.06.

About BlackRock

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.