BlackRock $BLK Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of BlackRock (NYSE:BLK) by 18.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,211 shares of the asset manager’s stock after selling 3,905 shares during the quarter. Janus Henderson Group PLC’s holdings in BlackRock were worth $16,555,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BLK. Bull Harbor Capital LLC purchased a new position in shares of BlackRock in the 1st quarter valued at $696,000. Strategic Investment Advisors MI purchased a new stake in BlackRock in the first quarter valued at $185,000. Ashton Thomas Securities LLC lifted its position in BlackRock by 9.9% in the first quarter. Ashton Thomas Securities LLC now owns 277 shares of the asset manager’s stock valued at $266,000 after acquiring an additional 25 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in BlackRock by 2.9% in the first quarter. Arkadios Wealth Advisors now owns 8,132 shares of the asset manager’s stock valued at $7,820,000 after acquiring an additional 230 shares in the last quarter. Finally, Claris Financial LLC grew its holdings in shares of BlackRock by 12.8% during the first quarter. Claris Financial LLC now owns 221 shares of the asset manager’s stock worth $213,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

BLK has been the topic of a number of research analyst reports. BNP Paribas Exane lifted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Morgan Stanley raised their price target on BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays lifted their price target on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Finally, BMO Capital Markets increased their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,304.29.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Tokenized money-market expansion: BlackRock introduced two blockchain-based offerings: OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). The products invest in cash, short-term U.S. Treasuries and repurchase agreements, while targeting institutional demand for stablecoin reserves and digital-asset infrastructure. BlackRock Intros Pair of Tokenized Money Market Offerings
• Positive Sentiment: Potential first-mover advantage in digital assets: BSTBL is available as a tokenized share class on Ethereum, while BRSRV supports multiple blockchains and is designed to automatically reinvest daily dividends. The offerings are intended to qualify as stablecoin reserve assets under the U.S. GENIUS Act, potentially opening a new distribution channel for BlackRock’s money-market products. BlackRock launches tokenized money market funds for stablecoin reserves
• Positive Sentiment: Strong underlying fundamentals: Recent quarterly results exceeded expectations, with earnings per share of $13.91 versus a $12.69 consensus estimate and revenue of $7.08 billion versus $6.73 billion expected. Revenue increased about 31% year over year, and assets under management reached a reported record of $15.34 trillion.
• Neutral Sentiment: Growth beyond traditional asset management: BlackRock is reportedly pursuing Mexican infrastructure and development projects alongside rivals such as Apollo. The initiative could diversify long-term revenue, but it may also require significant capital and carries execution and regulatory risks. BlackRock Jostles Rivals Like Apollo in Bid for Mexican Projects
• Negative Sentiment: Insider selling and legal overhang: A market-data summary showed multiple BlackRock executives, including CEO Laurence Fink, sold shares during the past six months without reported purchases. Separately, Rosen Law Firm announced an investigation involving certain BlackRock mutual funds; the investigation is only an allegation at this stage, but it could create reputational or litigation risk. Rosen Law Firm BlackRock investigation

BlackRock Stock Performance

Shares of BLK stock opened at $1,128.33 on Tuesday. The stock’s 50-day moving average price is $1,033.13 and its 200 day moving average price is $1,041.68. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $174.88 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.23 and a beta of 1.42. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.73 billion. During the same period last year, the firm earned $12.05 EPS. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. As a group, equities research analysts forecast that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. 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 currently 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.