Galaxy Digital Capital Management GP LLC Increases Position in BlackRock $BLK

Galaxy Digital Capital Management GP LLC increased its holdings in shares of BlackRock (NYSE:BLK) by 39.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,840 shares of the asset manager’s stock after purchasing an additional 522 shares during the quarter. BlackRock makes up about 1.9% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 10th biggest holding. Galaxy Digital Capital Management GP LLC’s holdings in BlackRock were worth $1,770,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BLK. Bollard Group LLC bought a new stake in BlackRock during the first quarter worth about $58,000. Modern Wealth Management LLC boosted its holdings in shares of BlackRock by 42.9% in the 1st quarter. Modern Wealth Management LLC now owns 1,348 shares of the asset manager’s stock valued at $1,290,000 after buying an additional 405 shares during the last quarter. Orleans Capital Management Corp LA increased its holdings in BlackRock by 53.6% during the first quarter. Orleans Capital Management Corp LA now owns 1,422 shares of the asset manager’s stock worth $1,368,000 after buying an additional 496 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in BlackRock during the first quarter worth $35,435,000. Finally, Caxton Associates LLP raised its position in BlackRock by 26.8% during the first quarter. Caxton Associates LLP now owns 241 shares of the asset manager’s stock worth $232,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analysts Set New Price Targets

BLK has been the subject of a number of research analyst reports. Barclays lifted their price target on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. 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. Jefferies Financial Group decreased their price objective on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. BMO Capital Markets increased their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,258.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $1,304.29.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $1,054.61 on Friday. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company’s 50 day moving average price is $1,029.48 and its two-hundred day moving average price is $1,042.05. The firm has a market cap of $163.45 billion, a PE ratio of 25.21, a PEG ratio of 1.17 and a beta of 1.43. 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 (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 analysts’ consensus estimates of $12.69 by $1.22. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the business earned $12.05 earnings per share. Equities research analysts predict that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid 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 presently 54.78%.

Key BlackRock News

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

Insider Activity at BlackRock

In other news, President Robert Kapito sold 8,739 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the sale, the chief executive officer directly owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by insiders.

About BlackRock

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.