Envestnet Portfolio Solutions Inc. Increases Holdings in BlackRock $BLK

Envestnet Portfolio Solutions Inc. increased its position in BlackRock (NYSE:BLK) by 335.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,994 shares of the asset manager’s stock after buying an additional 20,028 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in BlackRock were worth $24,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Andra AP fonden purchased a new stake in shares of BlackRock in the 2nd quarter valued at $123,099,000. U S Wealth Group LLC. raised its position in BlackRock by 26.6% in the 2nd quarter. U S Wealth Group LLC. now owns 3,260 shares of the asset manager’s stock worth $3,135,000 after purchasing an additional 685 shares during the period. Sequoia Financial Advisors LLC raised its position in BlackRock by 5.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 49,801 shares of the asset manager’s stock worth $47,887,000 after purchasing an additional 2,398 shares during the period. National Pension Service lifted its stake in BlackRock by 2.1% in the second quarter. National Pension Service now owns 327,771 shares of the asset manager’s stock worth $315,171,000 after purchasing an additional 6,675 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in BlackRock by 34.6% during the second quarter. Engineers Gate Manager LP now owns 8,415 shares of the asset manager’s stock valued at $8,092,000 after buying an additional 2,165 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s IBIT spot Bitcoin ETF reportedly attracted approximately $381 million during a record nearly $1 billion day of inflows across U.S. Bitcoin ETFs. Strong demand could support fee revenue and reinforce BlackRock’s position in digital-asset markets. Bitcoin ETFs Record Nearly $1 Billion in Single-Day Inflows
• Positive Sentiment: BlackRock research argues that AI agents could drive demand for stablecoins, blockchain-based payment rails and tokenized computing capacity. If adoption accelerates, the trend could create new opportunities across BlackRock’s ETFs, digital-asset products and private-market businesses. AI Potential to Drive Crypto Demand
• Positive Sentiment: The firm launched a lower-cost ETF tracking the same index as Invesco’s QQQ, potentially helping BlackRock capture assets from competing Nasdaq-100 products and expand its ETF franchise. BlackRock Launches Lower-Cost QQQ Alternative
• Neutral Sentiment: BlackRock increased its reported stake in Qiagen to approximately 11.47%. The disclosure reflects a sizable investment but does not materially change BLK’s operating outlook because it is likely an investment-management holding. BlackRock Builds Stake in Qiagen
• Negative Sentiment: BlackRock strategist Gargi Chaudhuri said higher oil prices and stronger U.S. business activity are fueling inflation and Federal Reserve rate-hike concerns. The resulting decline in stocks and bonds is the clearest near-term pressure on BLK, potentially affecting assets under management, performance fees and investor risk appetite. Stocks and Bonds Slip as Oil Jumps

BlackRock Trading Down 0.5%

Shares of BLK stock traded down $4.92 during mid-day trading on Wednesday, reaching $1,061.74. The stock had a trading volume of 460,708 shares, compared to its average volume of 755,528. The firm has a market capitalization of $164.43 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41. The stock’s 50-day moving average price is $1,110.26 and its two-hundred day moving average price is $1,048.96. 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 has a 52-week low of $917.39 and a 52-week 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 for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm 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%.The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the company earned $12.05 EPS. Equities analysts expect that BlackRock will post 55.96 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $5.73 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.2%. BlackRock’s dividend payout ratio (DPR) is 54.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,258.00 target price on shares of BlackRock in a report on Thursday, July 16th. BNP Paribas Exane raised their price target on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Morgan Stanley lifted their price target on BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. upgraded BlackRock from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,311.06.

BlackRock Company Profile

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.