Everett Harris & Co. CA Invests $4.44 Million in BlackRock $BLK

Everett Harris & Co. CA purchased a new position in BlackRock (NYSE:BLK) in the second quarter, HoldingsChannel.com reports. The fund purchased 4,622 shares of the asset manager’s stock, valued at approximately $4,444,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rather & Kittrell Inc. increased its position in BlackRock by 2.1% during the 4th quarter. Rather & Kittrell Inc. now owns 430 shares of the asset manager’s stock worth $461,000 after purchasing an additional 9 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in BlackRock by 1.2% in the 4th quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock valued at $808,000 after purchasing an additional 9 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in BlackRock by 5.0% in the 4th quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager’s stock valued at $227,000 after purchasing an additional 10 shares in the last quarter. Manske Wealth Management boosted its stake in shares of BlackRock by 3.0% during the 4th quarter. Manske Wealth Management now owns 345 shares of the asset manager’s stock worth $369,000 after purchasing an additional 10 shares during the last quarter. Finally, Gibson Capital LLC boosted its stake in shares of BlackRock by 3.4% during the 4th quarter. Gibson Capital LLC now owns 308 shares of the asset manager’s stock worth $330,000 after purchasing an additional 10 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia (NASDAQ: NVDA) and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink’s BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

Wall Street Analyst Weigh In

BLK has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. JPMorgan Chase & Co. upgraded shares of BlackRock from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. UBS Group boosted their price target on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Weiss Ratings lowered BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Buy” and an average target price of $1,311.06.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $1,172.20 on Friday. The business has a 50-day moving average of $1,053.84 and a two-hundred day moving average of $1,043.07. The firm has a market capitalization of $181.54 billion, a PE ratio of 28.02, a P/E/G ratio of 1.33 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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 return on equity of 14.90% and a net margin of 24.09%.The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the previous year, the company posted $12.05 EPS. The company’s revenue was up 30.6% compared to the same quarter last year. As a group, research analysts forecast that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s payout ratio is 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.