Bank of New York Mellon Corp Sells 13,885 Shares of BlackRock $BLK

Bank of New York Mellon Corp cut its holdings in BlackRock (NYSE:BLK) by 1.6% in the first quarter, Holdings Channel.com reports. The fund owned 844,719 shares of the asset manager’s stock after selling 13,885 shares during the quarter. Bank of New York Mellon Corp’s holdings in BlackRock were worth $812,374,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on BLK shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a research report on Thursday. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Evercore reiterated an “outperform” rating and issued a $1,145.00 target price on shares of BlackRock in a research note on Friday, July 10th. UBS Group lifted 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of BlackRock from $1,275.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,301.35.

BlackRock Stock Performance

NYSE:BLK opened at $1,087.18 on Friday. The firm’s 50-day moving average is $1,033.96 and its 200-day moving average is $1,042.92. The company has a market cap of $168.50 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.31 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter last year, the company earned $12.05 earnings per share. The firm’s revenue was up 30.6% on a year-over-year basis. Equities research analysts anticipate that BlackRock will post 54.09 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were issued a $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio is 57.53%.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock reported record Q2 results, including $15.3 trillion in AUM, strong revenue growth, and earnings above expectations, underscoring broad-based momentum in its core asset-management business.
• Positive Sentiment: Several analysts turned more bullish after earnings, with JPMorgan upgrading BLK to overweight and Bank of America, Keefe, Bruyette & Woods, and others raising price targets, which can help support the stock.
• Positive Sentiment: BlackRock’s long-term growth levers — including tokenization, private markets, direct indexing, and automation-driven margin expansion — were highlighted by analysts as potential drivers of future earnings growth.
• Neutral Sentiment: BlackRock’s growing role in crypto and tokenized assets remains a developing narrative, with articles noting strong ETF inflows and Larry Fink’s bullish comments on Bitcoin and digital markets.
• Neutral Sentiment: The company also disclosed a higher stake in Caledonia Mining, but this appears to be a routine ownership filing rather than a direct catalyst for BLK shares.
• Negative Sentiment: Some coverage noted that BlackRock’s crypto fund holdings declined sharply in value over the past year because of lower crypto prices, which could temper enthusiasm around that business line.

Insider Buying and Selling

In other BlackRock news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the sale, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the sale, the chief executive officer directly owned 230,516 shares in the company, valued at $242,168,583.80. The trade was a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by company insiders.

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.