Jackson Wealth Management LLC Has $300,000 Stock Holdings in BlackRock $BLK

Jackson Wealth Management LLC trimmed its holdings in BlackRock (NYSE:BLK) by 91.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 312 shares of the asset manager’s stock after selling 3,544 shares during the quarter. Jackson Wealth Management LLC’s holdings in BlackRock were worth $300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of BlackRock in the 2nd quarter valued at $9,747,857,000. State Street Corp increased its position in BlackRock by 0.5% during the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after buying an additional 33,752 shares during the last quarter. Corient Private Wealth LLC raised its holdings in BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after buying an additional 237,667 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of BlackRock by 0.7% in the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock worth $5,032,603,000 after buying an additional 35,069 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s BUIDL fund reportedly reclaimed the leading position in tokenized U.S. Treasuries, reaching approximately $2.8 billion in market value. The leadership reinforces BlackRock’s position in the expanding tokenized-asset and real-world-asset markets. BlackRock’s BUIDL Reclaims Top Spot for Tokenized Treasuries
• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $924 million of net inflows in the final week of August, while BlackRock’s iShares Bitcoin Trust was among the key beneficiaries. Strong inflows could support fee revenue and investor interest in BlackRock’s digital-asset platform. Bitcoin Inflows Hit $924M
• Positive Sentiment: BlackRock’s ETHA spot Ethereum ETF reportedly accounted for about $1.02 billion of $1.52 billion in recent Ethereum ETF inflows, highlighting continued demand for its crypto products. Ethereum Attracts $1.52 Billion ETF Inflows
• Positive Sentiment: An investment article identifies BlackRock as a beneficiary of broader digital-finance adoption through tokenized markets, crypto products and related infrastructure. Top Crypto and Blockchain Stocks to Watch
• Neutral Sentiment: BlackRock reportedly increased its stake in Honda by 35.2%. The move may reflect portfolio activity rather than a direct change to BlackRock’s earnings outlook. Honda Partners With Nissan
• Negative Sentiment: A former employee of BlackRock’s Long Term Private Capital fund is suing for $12 million, alleging the firm withheld promised carried-interest compensation. The case could expose details of BlackRock’s compensation structure and create reputational or legal risks, although the allegations have not been proven. Ex-BlackRock Employee Sues for $12M
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging potentially misleading business information. Such announcements can add headline risk, though no liability has been established. BlackRock Investor News

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BLK shares. Weiss Ratings lowered BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Barclays boosted their target price on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating and set a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. JPMorgan Chase & Co. upgraded BlackRock from a “neutral” rating to an “overweight” rating and increased their price target for the company from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Finally, BMO Capital Markets lifted their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. 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 company. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $1,311.06.

BlackRock Price Performance

NYSE:BLK opened at $1,154.63 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company has a fifty day moving average price of $1,081.82 and a 200 day moving average price of $1,047.83. The stock has a market cap of $178.82 billion, a P/E ratio of 27.60, a PEG ratio of 1.28 and a beta of 1.42.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the prior year, the firm posted $12.05 EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. Analysts anticipate that BlackRock will post 55.86 earnings per share for the current year.

BlackRock Announces Dividend

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