EverSource Wealth Advisors LLC Acquires 463 Shares of BlackRock $BLK

EverSource Wealth Advisors LLC grew its holdings in BlackRock (NYSE:BLK) by 53.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,326 shares of the asset manager’s stock after acquiring an additional 463 shares during the period. EverSource Wealth Advisors LLC’s holdings in BlackRock were worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BLK. Legal & General Group Plc boosted its position in shares of BlackRock by 0.8% during the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after acquiring an additional 7,457 shares during the last quarter. TCV Trust & Wealth Management Inc. purchased a new stake in shares of BlackRock in the fourth quarter valued at $20,279,000. Texas Yale Capital Corp. increased its stake in BlackRock by 32.2% in the fourth quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock valued at $6,169,000 after purchasing an additional 1,405 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager’s stock valued at $28,720,000 after purchasing an additional 13,040 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in BlackRock by 0.3% during the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock worth $4,108,968,000 after buying an additional 12,019 shares during the period. Institutional investors own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Meta AI data-center venture: BlackRock and Meta Platforms announced a roughly $14 billion, 1-gigawatt data-center campus in El Paso, Texas. BlackRock-managed funds will hold about 80% of the venture, with Meta contributing assets and leasing capacity. The deal highlights BlackRock’s ability to deploy capital into large private-infrastructure projects and could generate management, financing and investment fees. Meta Launches $14 Billion Texas AI Data Center Campus With BlackRock
• Positive Sentiment: Strong quarterly results remain a tailwind: BlackRock recently reported adjusted earnings of $13.91 per share versus the $12.69 consensus estimate, while revenue rose 30.6% year over year to $7.08 billion. The results reinforce investor confidence in its operating momentum and diversified asset-gathering model.
• Positive Sentiment: Broader technology and alternative-asset exposure: Recent disclosures show BlackRock-managed funds holding significant stakes in companies including Keel Infrastructure and IonQ. While these are generally portfolio holdings rather than direct corporate investments, they reinforce the firm’s exposure to fast-growing AI, data-center and quantum-computing themes. KEEL BlackRock Stake Filing
• Neutral Sentiment: Expansion into alternative assets: BlackRock-affiliated funds are collaborating on the more-than-$600 million purchase of Anthem Entertainment’s music catalogs, adding another example of the firm’s push into specialized private assets. The transaction is strategically consistent with that expansion, but its near-term earnings impact is unclear. Influence Media Anthem Catalog Acquisition
• Negative Sentiment: Regulatory and market risks remain: A law firm announced an investigation involving BlackRock mutual funds, although the notice contains allegations rather than established wrongdoing. Separately, pressure in U.S. private credit and uncertainty about Federal Reserve policy could weigh on fundraising, valuations and investor sentiment. Rosen BlackRock Mutual Fund Investigation

BlackRock Trading Up 1.8%

Shares of BLK stock opened at $1,098.96 on Friday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The firm’s 50 day moving average price is $1,031.62 and its two-hundred day moving average price is $1,041.37. The stock has a market cap of $170.33 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the firm posted $12.05 EPS. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. On average, analysts anticipate that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on BLK shares. Evercore restated an “outperform” rating and issued a $1,145.00 price target on shares of BlackRock in a report on Friday, July 10th. Morgan Stanley increased their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Jefferies Financial Group lowered their target price on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, BlackRock currently has a consensus rating of “Buy” and a consensus target price of $1,304.29.

BlackRock Company 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.