HBK Sorce Advisory LLC Makes New Investment in BlackRock $BLK

HBK Sorce Advisory LLC bought a new stake in BlackRock (NYSE:BLK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,368 shares of the asset manager’s stock, valued at approximately $3,818,000.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of BlackRock by 23.1% during the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after buying an additional 296 shares during the last quarter. Bison Wealth LLC lifted its holdings in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 17 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock in the second quarter valued at approximately $259,000. Nebula Research & Development LLC purchased a new position in BlackRock in the second quarter worth approximately $548,000. Finally, Osterweis Capital Management Inc. acquired a new stake in BlackRock during the second quarter worth $98,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BLK. Barclays lifted 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. The Goldman Sachs Group reissued a “buy” rating and set a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. UBS Group boosted their price objective on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,311.06.

BlackRock Price Performance

BLK stock opened at $1,172.20 on Monday. The business’s fifty day moving average price is $1,053.84 and its 200 day moving average price is $1,042.51. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $181.54 billion, a PE ratio of 28.02, a P/E/G ratio of 1.32 and a beta of 1.42.

BlackRock (NYSE:BLK) last announced 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. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the business posted $12.05 EPS. On average, sell-side analysts anticipate that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia (NASDAQ: NVDA) and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink’s BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

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.