Mitsubishi UFJ Asset Management Co. Ltd. Takes $355.96 Million Position in BlackRock $BLK

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in BlackRock (NYSE:BLK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 370,188 shares of the asset manager’s stock, valued at approximately $355,958,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of BlackRock as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC purchased a new stake in shares of BlackRock in the 2nd quarter worth about $1,747,000. OneDigital Investment Advisors LLC purchased a new position in BlackRock during the 2nd quarter valued at about $3,165,000. Plato Investment Management Ltd bought a new stake in BlackRock during the second quarter worth about $3,484,000. Bell Investment Advisors Inc purchased a new stake in BlackRock in the second quarter worth about $120,000. Finally, AMG National Trust Bank purchased a new stake in BlackRock in the second quarter worth about $1,150,000. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BLK. Evercore reiterated an “outperform” rating and set a $1,260.00 target price on shares of BlackRock in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. BNP Paribas Exane raised their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Weiss Ratings cut BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised BlackRock from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,311.06.

BlackRock Stock Down 2.1%

Shares of BlackRock stock opened at $1,148.91 on Tuesday. The company has a market cap of $177.93 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The company’s 50 day moving average is $1,056.94 and its 200 day moving average is $1,042.81. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter last year, the company posted $12.05 earnings per share. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. Research analysts anticipate that BlackRock will post 55.63 EPS for the current 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 paid a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is 54.78%.

More BlackRock News

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 Company 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.