EverSource Wealth Advisors LLC Grows Stock Holdings in BlackRock $BLK

EverSource Wealth Advisors LLC boosted its stake in shares of BlackRock (NYSE:BLK) by 53.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,326 shares of the asset manager’s stock after purchasing an additional 463 shares during the period. EverSource Wealth Advisors LLC’s holdings in BlackRock were worth $1,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. Vanguard Group Inc. lifted its holdings in shares of BlackRock by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock valued at $15,051,846,000 after buying an additional 221,123 shares during the period. State Street Corp boosted its stake in shares of BlackRock by 0.5% in the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after buying an additional 33,752 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after buying an additional 5,386,640 shares during the last quarter. Temasek Holdings Private Ltd grew its holdings in shares of BlackRock by 4.7% in the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock worth $5,126,387,000 after acquiring an additional 237,667 shares during the period. Finally, Bank of America Corp DE increased its position in BlackRock by 3.0% during the fourth quarter. Bank of America Corp DE now owns 5,197,904 shares of the asset manager’s stock valued at $5,563,524,000 after acquiring an additional 149,902 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the topic of a number of recent research reports. Weiss Ratings raised BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. BNP Paribas Exane boosted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. UBS Group upped their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. BMO Capital Markets increased their price objective on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, BlackRock has a consensus rating of “Buy” and a consensus target price 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 Stock Performance

NYSE:BLK opened at $1,098.96 on Friday. The stock has a 50-day simple moving average of $1,031.62 and a two-hundred day simple moving average of $1,041.37. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The firm has a market capitalization of $170.33 billion, a PE ratio of 26.27, a P/E/G ratio of 1.22 and a beta of 1.43.

BlackRock (NYSE:BLK) last issued 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 business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The business’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $12.05 earnings per share. Analysts forecast that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s payout ratio is currently 54.78%.

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.