Texas Capital Bank Wealth Management Services Inc Acquires Shares of 1,057 BlackRock $BLK

Texas Capital Bank Wealth Management Services Inc acquired a new position in BlackRock (NYSE:BLK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,057 shares of the asset manager’s stock, valued at approximately $1,016,000.

Several other large investors also recently made changes to their positions in BLK. BlackRock Inc. bought a new position in shares of BlackRock in the second quarter valued at about $9,747,857,000. Corient Private Wealth LLC lifted its position in BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Norges Bank bought a new stake in BlackRock during the 4th quarter worth about $2,742,680,000. Auto Owners Insurance Co increased its position 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 valued at $128,441,000 after acquiring an additional 1,283,208 shares in the last quarter. Finally, Wellington Management Group LLP increased its position 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 valued at $1,553,194,000 after acquiring an additional 968,245 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Down 2.1%

Shares of NYSE BLK opened at $1,148.91 on Tuesday. The company’s 50 day simple moving average is $1,056.94 and its 200 day simple moving average is $1,042.81. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The firm has a market capitalization of $177.93 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.32 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 (NYSE:BLK) last announced its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the firm earned $12.05 earnings per share. On average, analysts predict that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. BlackRock’s payout ratio is currently 54.78%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings cut shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Morgan Stanley lifted their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods downgraded BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, UBS Group upped their price target on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, BlackRock has a consensus rating of “Buy” and a consensus target price of $1,311.06.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Technical momentum remains favorable. BlackRock’s 50-day moving average recently moved above its 200-day average, creating a “golden cross,” which technical analysts view as a bullish signal. After Golden Cross, BlackRock Technical Outlook Is Bright
• Positive Sentiment: Income-investor appeal remains intact. BlackRock is highlighted among dividend-paying financial stocks with favorable analyst ratings and potential price-target upside, which could support demand from yield-focused investors. These 5 Dividend Stocks Show Why Income Investing Still Matters
• Positive Sentiment: Bitcoin ETF demand is a modest supportive factor. Tudor Investment reportedly increased its position in BlackRock’s spot Bitcoin ETF to $22.9 million, reinforcing institutional interest in the product and potentially supporting fee-related asset growth. Tudor Investment Boosts Bitcoin ETF Holdings
• Neutral Sentiment: Valuation comparisons offer no decisive catalyst. A Zacks comparison of BlackRock and Affiliated Managers Group examines which asset manager provides better value, but the article does not establish a clear near-term reason for investors to favor BLK. AMG vs. BLK: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Insurance and financing risks are the main overhang. A roughly $14 billion Texas data-center campus owned by Meta and BlackRock may be significantly underinsured against catastrophic events because insurers are reluctant to provide full coverage. The potential for large uncovered losses could increase lender and investment risk concerns, likely contributing to pressure on BLK. Meta and BlackRock’s Data Centre Exposes Lenders to Insurance Gap

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.