724 Shares in BlackRock $BLK Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC acquired a new position in shares of BlackRock (NYSE:BLK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 724 shares of the asset manager’s stock, valued at approximately $696,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after purchasing an additional 296 shares during the last quarter. Bison Wealth LLC increased its position in shares of BlackRock by 1.6% during 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. bought a new stake in shares of BlackRock during the 2nd quarter worth approximately $259,000. Nebula Research & Development LLC bought a new position in shares of BlackRock in the second quarter valued at $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock during the second quarter worth $98,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $1,098.96 on Friday. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a market capitalization of $170.33 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.22 and a beta of 1.43. The company has a 50-day simple moving average of $1,031.62 and a 200 day simple moving average of $1,041.37. 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 (NYSE:BLK) last released its quarterly 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 firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the firm earned $12.05 EPS. The business’s revenue was up 30.6% on a year-over-year basis. On average, sell-side analysts predict that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analyst Weigh In

A number of analysts have commented on BLK shares. Zacks Research upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. BNP Paribas Exane upped their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. TD Cowen cut their target price on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised BlackRock from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Finally, Barclays upped their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1,304.29.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Meta AI data-center venture: BlackRock and Meta Platforms announced a roughly $14 billion, 1-gigawatt data-center campus in El Paso, Texas. BlackRock-managed funds will hold about 80% of the venture, with Meta contributing assets and leasing capacity. The deal highlights BlackRock’s ability to deploy capital into large private-infrastructure projects and could generate management, financing and investment fees. Meta Launches $14 Billion Texas AI Data Center Campus With BlackRock
• Positive Sentiment: Strong quarterly results remain a tailwind: BlackRock recently reported adjusted earnings of $13.91 per share versus the $12.69 consensus estimate, while revenue rose 30.6% year over year to $7.08 billion. The results reinforce investor confidence in its operating momentum and diversified asset-gathering model.
• Positive Sentiment: Broader technology and alternative-asset exposure: Recent disclosures show BlackRock-managed funds holding significant stakes in companies including Keel Infrastructure and IonQ. While these are generally portfolio holdings rather than direct corporate investments, they reinforce the firm’s exposure to fast-growing AI, data-center and quantum-computing themes. KEEL BlackRock Stake Filing
• Neutral Sentiment: Expansion into alternative assets: BlackRock-affiliated funds are collaborating on the more-than-$600 million purchase of Anthem Entertainment’s music catalogs, adding another example of the firm’s push into specialized private assets. The transaction is strategically consistent with that expansion, but its near-term earnings impact is unclear. Influence Media Anthem Catalog Acquisition
• Negative Sentiment: Regulatory and market risks remain: A law firm announced an investigation involving BlackRock mutual funds, although the notice contains allegations rather than established wrongdoing. Separately, pressure in U.S. private credit and uncertainty about Federal Reserve policy could weigh on fundraising, valuations and investor sentiment. Rosen BlackRock Mutual Fund Investigation

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.