Gateway Wealth Partners LLC Has $1.15 Million Stock Position in BlackRock $BLK

Gateway Wealth Partners LLC increased its stake in BlackRock (NYSE:BLK) by 270.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,192 shares of the asset manager’s stock after purchasing an additional 870 shares during the period. Gateway Wealth Partners LLC’s holdings in BlackRock were worth $1,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shum Financial Group Inc. increased its holdings in BlackRock by 0.4% in the 4th quarter. Shum Financial Group Inc. now owns 2,183 shares of the asset manager’s stock valued at $2,336,000 after buying an additional 9 shares during the period. First Bancorp Inc ME lifted its holdings in shares of BlackRock by 2.9% during the 4th quarter. First Bancorp Inc ME now owns 321 shares of the asset manager’s stock worth $344,000 after acquiring an additional 9 shares during the period. Rather & Kittrell Inc. lifted its holdings in shares of BlackRock by 2.1% during the 4th quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock worth $461,000 after acquiring an additional 9 shares during the period. Oakworth Capital Inc. boosted its position in shares of BlackRock by 1.2% during the 4th quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock worth $808,000 after acquiring an additional 9 shares in the last quarter. Finally, Mechanics Financial Corp boosted its position in shares of BlackRock by 0.5% during the 4th quarter. Mechanics Financial Corp now owns 1,900 shares of the asset manager’s stock worth $2,034,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Barclays raised their target price on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,389.00 price target on shares of BlackRock in a research note on Thursday, July 16th. BNP Paribas Exane boosted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group dropped their price objective on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, BlackRock has an average rating of “Buy” and a consensus target price of $1,304.29.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Major AI infrastructure partnership: BlackRock and Meta Platforms formed an approximately $14 billion venture to develop and operate a one-gigawatt data center campus in El Paso, Texas. BlackRock-managed funds will own 80%, while Meta retains 20% and will operate the facility, which is expected to come online in 2028. The deal highlights BlackRock’s opportunity to earn investment-management and infrastructure-related fees from the multiyear AI buildout. Meta, BlackRock partner on $14 billion El Paso data center
• Positive Sentiment: Strong financing demand: BlackRock reportedly arranged roughly $12.3 billion in senior secured bonds for the project, with the debt rallying before pricing. The successful financing supports the view that BlackRock can scale its Global Infrastructure Partners and HPS platforms while channeling institutional capital into digital infrastructure. BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies
• Positive Sentiment: ETF and crypto-related momentum: BlackRock’s systematic-alternatives ETF reportedly attracted significant inflows, while the firm’s crypto portfolio gained nearly $5 billion in July. These developments reinforce the company’s ability to capture demand across newer investment products, although crypto-related gains may be volatile. BlackRock Stuffed a Hedge Fund Inside an ETF
• Neutral Sentiment: BlackRock’s latest quarterly results showed substantial earnings and revenue beats, with revenue up 30.6% year over year, but analysts noted that the stock may already reflect much of the company’s record inflow and earnings strength. BlackRock Stock Could Be Fully Priced Following Record Inflows
• Negative Sentiment: U.S. spot Bitcoin ETFs experienced renewed outflows late last week, led by BlackRock’s iShares Bitcoin Trust. Continued weakness could reduce fee revenue and weigh on sentiment toward the firm’s crypto franchise. Bitcoin ETFs End Inflow Streak as Fed Rate Concerns Mount

BlackRock Stock Performance

NYSE:BLK opened at $1,099.21 on Wednesday. The stock has a market cap of $170.37 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.43. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $1,030.24 and its 200-day moving average is $1,041.31. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the firm posted $12.05 earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year. Equities research analysts anticipate that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Dividend Announcement

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

About BlackRock

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.