10,067 Shares in BlackRock $BLK Bought by Sone Capital Management LLC

Sone Capital Management LLC bought a new position in BlackRock (NYSE:BLK) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 10,067 shares of the asset manager’s stock, valued at approximately $9,680,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 296 shares during the last quarter. Bison Wealth LLC lifted its position in BlackRock by 1.6% in the 4th quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after purchasing an additional 17 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock during the 2nd quarter valued at about $259,000. Nebula Research & Development LLC acquired a new position in BlackRock during the 2nd quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. bought a new position in BlackRock in the 2nd quarter worth about $98,000. 80.69% of the stock is currently owned by institutional investors.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s roughly $965 million investment in Five Below (NASDAQ: FIVE) helped draw attention to its ability to deploy capital into high-growth companies. Five Below also reported strong quarterly results, sending its shares to a record high and potentially highlighting the value of BlackRock’s investment activity. Five Below Stock Soars Following BlackRock Investment
• Positive Sentiment: BlackRock’s covered-call Bitcoin fund reportedly made its first monthly distribution, with an annualized rate of about 18.5%. The product could create a new fee and asset-gathering opportunity, although the high distribution reflects option income and may limit upside participation in Bitcoin. BlackRock Bitcoin Fund Pays First Dividend
• Neutral Sentiment: BlackRock has reiterated that its long-term investment case for Bitcoin remains intact despite a sharp correction. The comments support the firm’s broader digital-asset strategy, but do not directly affect near-term earnings unless they lead to additional fund inflows. BlackRock’s Long-Term Bitcoin Thesis
• Neutral Sentiment: Routine disclosures showed BlackRock subsidiaries’ holdings in Stora Enso fell below 5%, while other reports discussed BlackRock ETFs. These items have limited immediate implications for BLK’s fundamentals. BlackRock Subsidiaries Report Stora Enso Holdings
• Negative Sentiment: BlackRock is reportedly seeking buyers for approximately $671 million of loans held by TCP Capital, using Keefe, Bruyette & Woods to explore a sale. The move is intended to reshape the private-credit vehicle after a difficult period, but it may raise concerns about credit quality, valuation and execution in BlackRock’s private-markets platform. BlackRock Puts TCP Capital Loans on the Block
• Negative Sentiment: A law firm is soliciting investors who experienced losses in BlackRock mutual funds as part of an investigation into alleged misleading disclosures. The announcement is not a formal finding, but it adds legal and reputational risk. BlackRock Investor Rights Investigation

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLK shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,389.00 price target on shares of BlackRock in a report on Thursday, July 16th. UBS Group raised their target price on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. BMO Capital Markets lifted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, BNP Paribas Exane increased their price target on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,311.06.

BlackRock Trading Up 1.3%

Shares of NYSE:BLK opened at $1,171.83 on Tuesday. The company has a 50 day moving average of $1,070.33 and a 200-day moving average of $1,044.42. 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 firm has a market cap of $181.48 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.28 and a beta of 1.42. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS 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 business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the business earned $12.05 earnings per share. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. As a group, analysts anticipate that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date 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 54.78%.

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.