Blue Chip Partners LLC Acquires 903 Shares of BlackRock $BLK

Blue Chip Partners LLC grew its holdings in shares of BlackRock (NYSE:BLK) by 3.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 27,197 shares of the asset manager’s stock after acquiring an additional 903 shares during the quarter. BlackRock makes up 1.9% of Blue Chip Partners LLC’s holdings, making the stock its 22nd biggest holding. Blue Chip Partners LLC’s holdings in BlackRock were worth $26,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Everest Financial Group LLC boosted its holdings in BlackRock by 2.4% during the 1st quarter. Everest Financial Group LLC now owns 731 shares of the asset manager’s stock valued at $703,000 after acquiring an additional 17 shares during the period. OMERS ADMINISTRATION Corp lifted its position in shares of BlackRock by 26.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 7,748 shares of the asset manager’s stock worth $7,451,000 after purchasing an additional 1,603 shares during the period. Van Diest Capital LLC boosted its position in BlackRock by 29.9% during the 1st quarter. Van Diest Capital LLC now owns 243 shares of the asset manager’s stock valued at $234,000 after acquiring an additional 56 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in BlackRock by 0.5% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,578 shares of the asset manager’s stock valued at $2,479,000 after purchasing an additional 13 shares during the last quarter. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in shares of BlackRock in the 1st quarter worth approximately $4,911,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.92% of the stock is currently owned by insiders.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock announced a quarterly dividend of $5.73 per share, reinforcing confidence in the firm’s cash generation and shareholder returns. BlackRock Declares Quarterly Dividend of $5.73 on Common Stock
• Positive Sentiment: Investor interest in BlackRock’s ETF franchise remains strong, with reports highlighting continued momentum in iShares and the recovery in Bitcoin ETF inflows led by IBIT. BlackRock (BLK) Could Be 21% Below Fair Value As Dividend Signals Confidence BlackRock’s IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days
• Positive Sentiment: BlackRock is also being tied to large-scale growth opportunities, including a reported $12.3 billion bond financing for Meta’s Texas AI data facility, underscoring its reach in capital markets and infrastructure finance. BlackRock (BLK) Markets $12.3B in Bonds for Meta’s Texas AI Data Facility
• Neutral Sentiment: BlackRock disclosed a larger stake in Qiagen, raising its voting power to 13%; this is notable for BlackRock’s portfolio activity, but it is not a direct catalyst for BLK earnings. BlackRock builds 11.6% stake in Qiagen, lifting voting power to 13%
• Neutral Sentiment: BlackRock joined other firms in a $15 million Bitcoin security consortium focused on quantum-resistant protections, a long-term strategic initiative with limited immediate financial impact. BlackRock, Coinbase and Strategy Pledge $15M to Quantum-Proof Bitcoin
• Negative Sentiment: Some coverage noted bond investors demanding higher yields on the Meta-linked financing deal, which may reflect increased caution around AI infrastructure risk and could slightly pressure sentiment around BlackRock’s role in the transaction. Bond investors demand higher yields on BlackRock AI-linked financing deal

BlackRock Stock Down 0.1%

BLK stock opened at $1,054.61 on Monday. The company’s 50-day moving average price is $1,029.48 and its 200 day moving average price is $1,041.50. The company has a market cap of $163.45 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.19 and a beta of 1.43. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34.

BlackRock (NYSE:BLK) last posted 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 return on equity of 15.01% and a net margin of 24.09%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the company earned $12.05 earnings per share. BlackRock’s revenue was up 30.6% compared to the same quarter last year. On average, research analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is 54.78%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BLK shares. Jefferies Financial Group reduced their target price on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a report on Thursday, July 16th. UBS Group lifted their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Bank of America upped their price target on BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, BNP Paribas Exane lifted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Buy” and a consensus target price of $1,304.29.

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.