PensionDanmark Pensionsforsikringsaktieselskab Purchases 2,600 Shares of BlackRock $BLK

PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of BlackRock (NYSE:BLK) by 11.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,906 shares of the asset manager’s stock after buying an additional 2,600 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in BlackRock were worth $24,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Corient Private Wealth LLC increased its position in BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after acquiring an additional 5,386,640 shares during the period. Norges Bank bought a new stake in BlackRock in the 4th quarter valued at about $2,742,680,000. Oak Harvest Investment Services grew its position in shares of BlackRock by 12,176.1% during the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock worth $1,707,356,000 after purchasing an additional 1,582,159 shares in the last quarter. Auto Owners Insurance Co grew its position in shares of BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock worth $128,441,000 after purchasing an additional 1,283,208 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of BlackRock by 200.5% during the fourth quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock worth $1,553,194,000 after purchasing an additional 968,245 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Performance

BlackRock stock opened at $1,128.98 on Friday. The stock has a market cap of $174.98 billion, a PE ratio of 26.98, a P/E/G ratio of 1.28 and a beta of 1.42. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The business’s 50-day moving average price is $1,037.16 and its two-hundred day moving average price is $1,041.54.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The firm’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm posted $12.05 EPS. As a group, analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal 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 is presently 54.78%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated 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 stock an “outperform” rating in a research note on Tuesday, June 23rd. Morgan Stanley upped their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised BlackRock from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Finally, Evercore restated an “outperform” rating and issued a $1,145.00 price target on shares of BlackRock in a research report on Friday, July 10th. 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. According to MarketBeat, BlackRock has an average rating of “Buy” and a consensus target price of $1,304.29.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is promoting model portfolios as a way to bring private-market funds to affluent individual investors. Wider distribution could increase fee-generating assets and strengthen BlackRock’s position in alternatives. Wall Street touts outsourced allocation ploy in bid to market private funds to individuals
• Positive Sentiment: BlackRock is expanding blockchain-based products, including tokenized European money-market funds through JPMorgan’s Kinexys platform. The initiative supports long-term growth in digital assets and institutional liquidity products. BlackRock brings tokenized money market funds to Europe via JPMorgan
• Positive Sentiment: BlackRock is among the validators for Circle’s planned Arc blockchain and intends to deploy its BUIDL digital liquidity fund on the network. The relationship could help accelerate adoption of tokenized securities and reinforce BlackRock’s digital-asset leadership. Blueprint for a Banking Fortress: Circle Redraws the Map
• Neutral Sentiment: BlackRock will conduct a one-for-three reverse split of its iShares Ethereum Trust ETF (ETHA). The action raises the per-share price but does not change investors’ proportional ownership or the fund’s underlying value. BlackRock’s Ethereum ETF To Undergo 1-For-3 Reverse Split
• Negative Sentiment: BlackRock TCP Capital Corp. (NASDAQ: TCPC), an affiliated business-development company, is transferring approximately $523 million of loans—nearly half of its debt investments—to a Pantheon-backed fund while cutting leverage and reviewing strategic options. The move may reduce risk, but the scale of the restructuring highlights stress in private credit and could weigh on sentiment toward BlackRock’s alternatives platform. BlackRock Offloads $523 Million in Loans to Rescue Troubled Private Credit Fund

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.