Proficio Capital Partners LLC Purchases Shares of 786 BlackRock $BLK

Proficio Capital Partners LLC purchased a new position in shares of BlackRock (NYSE:BLK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 786 shares of the asset manager’s stock, valued at approximately $755,000.

A number of other hedge funds have also recently made changes to their positions in BLK. Advisors Capital Management LLC purchased a new position in BlackRock in the 2nd quarter worth approximately $33,847,000. Legal & General Group Plc boosted its stake 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 valued at $985,331,000 after purchasing an additional 7,457 shares during the period. Varma Mutual Pension Insurance Co bought a new position in shares of BlackRock in the second quarter worth approximately $28,185,000. Haverford Trust Co bought a new position in shares of BlackRock in the second quarter worth approximately $264,500,000. Finally, Liberty One Investment Management LLC increased its stake in shares of BlackRock by 30.7% in the first quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock worth $4,675,000 after buying an additional 1,141 shares during the period. 80.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on BLK shares. The Goldman Sachs Group reiterated a “buy” rating and set a $1,389.00 price target on shares of BlackRock in a report on Thursday, July 16th. Barclays boosted their price objective on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. UBS Group increased their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BNP Paribas Exane boosted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings cut BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,311.06.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Orion added BlackRock’s model portfolios to its Tailored Allocation Portfolios platform, alongside Fidelity and Vanguard. The partnership broadens access to BlackRock strategies and could support future asset gathering and fee revenue. Orion Adds BlackRock, Fidelity Investments, and Vanguard to Tailored Allocation Portfolios
• Positive Sentiment: BlackRock was the primary driver of a rebound in U.S. spot Bitcoin ETF flows, with its iShares Bitcoin Trust contributing substantially to approximately $216.7 million of industrywide net inflows. Continued demand can increase assets under management and fee income. BlackRock drives $217M Bitcoin ETF rebound
• Positive Sentiment: BlackRock’s BUIDL tokenized Treasury fund reportedly reclaimed the leading position in the tokenized Treasury market, reaching roughly $2.8 billion in market value. This reinforces the firm’s position in digital assets and blockchain-based investment products. BlackRock’s BUIDL Reclaims Top Spot for Tokenized Treasuries
• Neutral Sentiment: BlackRock reportedly warned that hyperscalers could face approximately $100 billion in AI-related debt, highlighting risks from elevated AI infrastructure spending. The comments may weigh on broader risk sentiment but do not represent a reported change to BlackRock’s earnings outlook. BlackRock Sounds the Alarm on a $100 Billion AI Debt Problem
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging misleading business information. The allegations are preliminary, but the headline creates legal and reputational risk. Rosen Law Firm Investigation
• Negative Sentiment: A former BlackRock employee filed a lawsuit seeking $12 million over alleged unpaid carried interest. The financial exposure appears limited relative to BlackRock’s size, but the case could expose details about compensation practices. Ex-BlackRock Employee Sues for $12M

BlackRock Trading Down 2.4%

NYSE:BLK opened at $1,127.43 on Wednesday. The company has a 50-day moving average price of $1,084.05 and a 200-day moving average price of $1,048.14. 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 stock has a market cap of $174.61 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.27 and a beta of 1.41.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share 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 14.90%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the firm posted $12.05 EPS. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. Equities analysts predict that BlackRock will post 55.86 EPS for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $5.73 per share. 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 payout ratio is presently 54.78%.

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.