Rockland Trust Co. Acquires 1,935 Shares of BlackRock $BLK

Rockland Trust Co. raised its holdings in BlackRock (NYSE:BLK) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,695 shares of the asset manager’s stock after acquiring an additional 1,935 shares during the quarter. BlackRock makes up 1.2% of Rockland Trust Co.’s holdings, making the stock its 23rd largest holding. Rockland Trust Co.’s holdings in BlackRock were worth $31,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Legal & General Group Plc lifted its holdings in shares of BlackRock by 0.8% in the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after buying an additional 7,457 shares during the period. TCV Trust & Wealth Management Inc. bought a new stake in shares of BlackRock in the fourth quarter valued at about $20,279,000. Texas Yale Capital Corp. raised its holdings in shares of BlackRock by 32.2% in the fourth quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock valued at $6,169,000 after acquiring an additional 1,405 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager’s stock worth $28,720,000 after acquiring an additional 13,040 shares during the period. Finally, Capital Research Global Investors grew its holdings in BlackRock by 0.3% during the 4th quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock worth $4,108,968,000 after acquiring an additional 12,019 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Price Performance

Shares of BLK opened at $1,137.21 on Friday. The company has a 50 day moving average of $1,038.98 and a two-hundred day moving average of $1,042.21. 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 twelve month low of $917.39 and a twelve month high of $1,219.94. The company has a market cap of $176.26 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42.

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

BlackRock Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BNP Paribas Exane boosted their price target 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. Zacks Research upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. UBS Group increased their target price on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, Barclays lifted their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. 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. According to data from MarketBeat.com, the stock currently 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 launched two tokenized money-market funds, BSTBL and BRSRV, using blockchain infrastructure while maintaining regulated-fund liquidity and principal-stability objectives. The products are designed partly to serve stablecoin reserve needs, strengthening BlackRock’s position in digital-asset infrastructure and potentially expanding fee-generating assets under management. BlackRock Launches Tokenized Cash Funds
• Positive Sentiment: BlackRock fixed-income CIO Rick Rieder said a Federal Reserve rate hike does not currently make sense given economic data. A stable or lower-rate environment could support bond-market activity and demand for fixed-income products, benefiting BlackRock’s asset-management business. BlackRock’s Rick Rieder Sees Rate Hike Unlikely
• Positive Sentiment: BlackRock funds disclosed sizable new positions in SPCX, Marvell, Apple, Honeywell, and Microsoft in their second-quarter 13F filing. These transactions do not represent purchases by BlackRock’s corporate balance sheet, but they highlight continued fund activity and portfolio demand across equities. BlackRock Disclosed New Holdings
• Neutral Sentiment: Rieder described the July jobs report as “unremarkable,” while BlackRock’s Jeffrey Rosenberg warned that payroll revisions may indicate greater labor-market weakness than the headline figures suggest. The mixed economic signals leave the Fed outlook—and therefore bond-market revenue conditions—uncertain. BlackRock’s Rieder on Jobs Report, Fed Rates and Bonds
• Neutral Sentiment: BlackRock’s iShares Ethereum Trust is scheduled for a one-for-three reverse split. The action changes the ETF’s share price and share count but not investors’ proportional economic interest, making it largely an administrative event for BLK. BlackRock’s Ethereum ETF Reverse Split
• Negative Sentiment: BlackRock TCP Capital is moving approximately $523 million of loans—nearly half its debt investments—to a Pantheon-backed fund while cutting leverage and reviewing strategic options. Although TCPC is separate from BLK, the developments may raise questions about private-credit asset quality and execution risks within BlackRock’s broader alternatives platform. BlackRock Offloads Loans

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.