Mowery & Schoenfeld Wealth Management LLC Buys New Shares in BlackRock $BLK

Mowery & Schoenfeld Wealth Management LLC bought a new position in BlackRock (NYSE:BLK) in the 2nd quarter, Holdings Channel.com reports. The fund bought 570 shares of the asset manager’s stock, valued at approximately $548,000. BlackRock makes up 0.7% of Mowery & Schoenfeld Wealth Management LLC’s holdings, making the stock its 25th biggest position.

A number of other institutional investors have also bought and sold shares of the business. Legal & General Group Plc grew its stake in BlackRock by 0.8% during the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock valued at $985,331,000 after acquiring an additional 7,457 shares in the last quarter. Liberty One Investment Management LLC lifted its stake in BlackRock by 30.7% in the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock worth $4,675,000 after purchasing an additional 1,141 shares in the last quarter. Texas Yale Capital Corp. boosted its holdings in shares of BlackRock by 32.2% during the 4th quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock valued at $6,169,000 after purchasing an additional 1,405 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of BlackRock by 94.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager’s stock valued at $28,720,000 after purchasing an additional 13,040 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of BlackRock by 0.3% during the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock valued at $4,108,968,000 after purchasing an additional 12,019 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Bitcoin strategy remains supportive: BlackRock said Bitcoin’s investment case is unchanged despite its recent decline, maintaining that a small allocation—up to 2% of a portfolio—can provide diversification. The comments reinforce confidence in BlackRock’s digital-asset offerings, including the iShares Bitcoin Trust (IBIT). Bitcoin’s Investment Case Hasn’t Changed, BlackRock Says
• Positive Sentiment: Institutional interest in IBIT: A filing showed Jane Street held more than $1 billion in spot Bitcoin ETF shares as of June 30, including approximately $828 million in BlackRock’s IBIT. Although the snapshot does not reflect current holdings, it highlights institutional adoption of BlackRock’s crypto ETF. Jane Street Reports Over $1 Billion in Bitcoin ETF Shares
• Positive Sentiment: Technical outlook improved: BlackRock’s 50-day moving average recently moved above its 200-day average, forming a “golden cross,” a signal that can attract momentum-oriented investors. BlackRock Technical Outlook
• Positive Sentiment: Income appeal: BlackRock continues to be highlighted as a dividend-paying investment manager with favorable analyst sentiment and potential price-target upside. Dividend Stocks and Income Investing
• Neutral Sentiment: Portfolio disclosure: BlackRock was identified as a major shareholder of Qiagen, but the regulatory filing primarily reflects an investment holding and does not indicate a material change to BlackRock’s operating outlook. BlackRock Revealed as Major Qiagen Shareholder
• Negative Sentiment: Data-center insurance risk: BlackRock and Meta’s $14 billion Texas data-center project reportedly faces an insurance gap, potentially exposing lenders and investors to substantial losses from catastrophic events. The issue could raise concerns about risk management and financing for large infrastructure investments. Meta and BlackRock Data Center Insurance Risk

BlackRock Price Performance

Shares of BlackRock stock opened at $1,155.78 on Wednesday. The stock has a market cap of $179.00 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a 50 day moving average price of $1,059.83 and a 200-day moving average price of $1,043.05. BlackRock has a one year low of $917.39 and a one year high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion during 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 firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the previous year, the company earned $12.05 EPS. Equities analysts expect that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

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

Analyst Ratings Changes

BLK has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. UBS Group raised their price target on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods downgraded BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. Zacks Research raised BlackRock from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $1,311.06.

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.