Rockland Trust Co. Increases Position in BlackRock $BLK

Rockland Trust Co. increased its position in shares of BlackRock (NYSE:BLK) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,695 shares of the asset manager’s stock after purchasing an additional 1,935 shares during the period. BlackRock accounts for 1.2% of Rockland Trust Co.’s portfolio, making the stock its 23rd largest holding. Rockland Trust Co.’s holdings in BlackRock were worth $31,438,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 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 acquiring an additional 5,386,640 shares during the period. Norges Bank bought a new position in shares of BlackRock in the fourth quarter worth about $2,742,680,000. Oak Harvest Investment Services raised its stake in BlackRock by 12,176.1% during the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock valued at $1,707,356,000 after purchasing an additional 1,582,159 shares during the period. Auto Owners Insurance Co lifted its holdings in BlackRock by 106,934.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock worth $128,441,000 after purchasing an additional 1,283,208 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in BlackRock by 200.5% in the 4th quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock worth $1,553,194,000 after purchasing an additional 968,245 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 0.7%

Shares of NYSE BLK opened at $1,137.21 on Friday. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The business’s 50 day moving average is $1,038.98 and its two-hundred day moving average is $1,042.21. The stock has a market capitalization of $176.26 billion, a P/E ratio of 27.18, a PEG ratio of 1.27 and a beta of 1.42.

BlackRock (NYSE:BLK) last posted 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. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the company earned $12.05 EPS. As a group, research analysts expect that BlackRock will post 55.63 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 paid 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 News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock launched two tokenized money-market funds, BSTBL and BRSRV, using blockchain infrastructure while maintaining regulated-fund liquidity and principal-stability objectives. The products are designed partly to serve stablecoin reserve needs, strengthening BlackRock’s position in digital-asset infrastructure and potentially expanding fee-generating assets under management. BlackRock Launches Tokenized Cash Funds
• Positive Sentiment: BlackRock fixed-income CIO Rick Rieder said a Federal Reserve rate hike does not currently make sense given economic data. A stable or lower-rate environment could support bond-market activity and demand for fixed-income products, benefiting BlackRock’s asset-management business. BlackRock’s Rick Rieder Sees Rate Hike Unlikely
• Positive Sentiment: BlackRock funds disclosed sizable new positions in SPCX, Marvell, Apple, Honeywell, and Microsoft in their second-quarter 13F filing. These transactions do not represent purchases by BlackRock’s corporate balance sheet, but they highlight continued fund activity and portfolio demand across equities. BlackRock Disclosed New Holdings
• Neutral Sentiment: Rieder described the July jobs report as “unremarkable,” while BlackRock’s Jeffrey Rosenberg warned that payroll revisions may indicate greater labor-market weakness than the headline figures suggest. The mixed economic signals leave the Fed outlook—and therefore bond-market revenue conditions—uncertain. BlackRock’s Rieder on Jobs Report, Fed Rates and Bonds
• Neutral Sentiment: BlackRock’s iShares Ethereum Trust is scheduled for a one-for-three reverse split. The action changes the ETF’s share price and share count but not investors’ proportional economic interest, making it largely an administrative event for BLK. BlackRock’s Ethereum ETF Reverse Split
• Negative Sentiment: BlackRock TCP Capital is moving approximately $523 million of loans—nearly half its debt investments—to a Pantheon-backed fund while cutting leverage and reviewing strategic options. Although TCPC is separate from BLK, the developments may raise questions about private-credit asset quality and execution risks within BlackRock’s broader alternatives platform. BlackRock Offloads Loans

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BLK shares. UBS Group lifted their price objective on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Bank of America upped their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a report on Thursday, July 16th. Weiss Ratings upgraded shares of BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised shares of BlackRock from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Two 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. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Buy” and a consensus price target of $1,304.29.

BlackRock 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.