GAMMA Investing LLC Purchases 535 Shares of BlackRock $BLK

GAMMA Investing LLC raised its position in BlackRock (NYSE:BLK) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,381 shares of the asset manager’s stock after acquiring an additional 535 shares during the quarter. GAMMA Investing LLC’s holdings in BlackRock were worth $5,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLK. RMG Wealth Management LLC bought a new position in BlackRock during the 1st quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock in the 4th quarter worth approximately $26,000. Birchbrook Inc. purchased a new position in shares of BlackRock during the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock during the fourth quarter valued at approximately $32,000. Finally, Basepoint Wealth LLC bought a new position in shares of BlackRock during the fourth quarter valued at approximately $32,000. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

Shares of BLK stock opened at $1,132.62 on Wednesday. The company’s fifty day moving average price is $1,034.23 and its 200-day moving average price is $1,041.97. The stock has a market cap of $175.54 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94.

BlackRock (NYSE:BLK) last issued 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. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the business earned $12.05 EPS. BlackRock’s quarterly revenue was up 30.6% compared to the same quarter last year. On average, equities analysts expect that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched two tokenized money-market products: BSTBL, an on-chain share class of its existing Treasury liquidity fund, and BRSRV, a new vehicle designed for institutional stablecoin-reserve management. The funds invest in cash, short-term U.S. Treasuries and repurchase agreements rather than cryptocurrencies. The initiative could open a new distribution channel, attract institutional digital-asset capital and position BlackRock as a major stablecoin-reserve manager ahead of U.S. regulatory developments. BlackRock launches tokenized money market funds for stablecoin reserves
• Positive Sentiment: The tokenized funds will use Ethereum, Solana and other approved blockchain infrastructure, allowing eligible investors to transfer fund shares digitally while maintaining exposure to traditional low-risk assets. This reinforces BlackRock’s first-mover position in the convergence of traditional asset management and digital finance. BlackRock Launches Tokenized Money Market Fund on Solana and Ethereum
• Positive Sentiment: BlackRock’s latest reported quarter showed adjusted EPS of $13.91 versus a $12.69 consensus estimate and revenue of $7.08 billion versus $6.73 billion expected. Record assets under management and continued inflows support the company’s fee-based earnings outlook.
• Neutral Sentiment: Reports that Italy’s Intesa Sanpaolo sharply reduced its stake in BlackRock’s Bitcoin ETF while increasing Ethereum exposure may indicate rotation within crypto products, but the effect on BlackRock’s overall asset base and fee revenue remains uncertain. Italy’s Largest Bank Cuts BlackRock Bitcoin ETF Stake 94%
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging that investors may have received materially misleading business information. The report is an investigation announcement, not a finding of wrongdoing, but it introduces headline and litigation risk. BlackRock Investor News

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets raised their price target on BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Evercore restated an “outperform” rating and issued a $1,145.00 price objective on shares of BlackRock in a report on Friday, July 10th. Barclays lifted their target price on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of BlackRock from $1,275.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackRock 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.