128,020 Shares in BlackRock $BLK Bought by Andra AP fonden

Andra AP fonden acquired a new stake in BlackRock (NYSE:BLK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 128,020 shares of the asset manager’s stock, valued at approximately $123,099,000. BlackRock accounts for approximately 1.4% of Andra AP fonden’s investment portfolio, making the stock its 12th biggest holding. Andra AP fonden owned about 0.08% of BlackRock at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of BlackRock during the second quarter valued at approximately $9,747,857,000. State Street Corp increased its stake in BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after buying an additional 33,752 shares during the period. Corient Private Wealth LLC lifted its holdings in BlackRock by 5,190.3% in 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 buying an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd boosted its position in BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after buying an additional 237,667 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock valued at $5,032,603,000 after acquiring an additional 35,069 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF, IBIT, reportedly attracted approximately $381 million of a record $998.95 million in one-day inflows across U.S. Bitcoin ETFs. Strong demand could support fee revenue, assets under management and BlackRock’s position in the fast-growing digital-asset market. Bitcoin ETFs Record Nearly $1 Billion in Single-Day Inflows — Top Buyers Revealed
• Positive Sentiment: The firm launched LifePath Solutions, expanding its retirement and target-date investment offerings. The move could broaden BlackRock’s distribution reach and reinforce its position in retirement portfolios. BlackRock Launches LifePath Solutions
• Positive Sentiment: BlackRock increased its stake in Auckland International Airport to 12.4%, signaling conviction in the airport operator, although the investment is not expected to materially affect BLK’s near-term earnings. BlackRock lifts stake in Auckland International Airport to 12.4%
• Neutral Sentiment: BlackRock’s reported partnership with Circle and Visa around Circle’s Arc blockchain platform highlights potential long-term opportunities in stablecoins and digital payments, but the financial contribution to BLK remains unclear. Circle Just Launched Arc With BlackRock and Visa
• Neutral Sentiment: BlackRock’s fixed-income ETF lineup is being promoted as offering potentially higher income than traditional bond ETFs, which could aid demand, though higher yields may reflect greater risk and do not directly change company earnings. BlackRock’s $16.6 Billion Bond Fund Pays 6% Monthly
• Negative Sentiment: BlackRock launched a lower-cost ETF tracking the same index as Invesco’s QQQ. While the product may attract new assets, aggressive fee competition could pressure margins and potentially cannibalize existing funds. BlackRock Just Declared War on QQQ
• Negative Sentiment: BlackRock trimmed its stake in Caledonia Mining, a routine portfolio change that provides little direct benefit to BLK and may modestly weigh on sentiment. BlackRock Trims Stake in Caledonia Mining

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays upped their target price on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Evercore restated an “outperform” rating and issued a $1,260.00 price target on shares of BlackRock in a research note on Monday, August 10th. BNP Paribas Exane raised their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, UBS Group increased their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,311.06.

BlackRock Stock Performance

BLK traded down $18.39 during trading hours on Tuesday, hitting $1,071.88. The company’s stock had a trading volume of 192,376 shares, compared to its average volume of 755,416. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The firm has a market capitalization of $166.00 billion, a PE ratio of 25.62, a PEG ratio of 1.18 and a beta of 1.41. The company has a 50-day simple moving average of $1,109.47 and a 200 day simple moving average of $1,048.84. 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 issued its quarterly earnings data 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 analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the business earned $12.05 earnings per share. As a group, sell-side analysts expect that BlackRock will post 55.96 EPS for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders 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 yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

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.