First Nebraska Trust Co Makes New $527,000 Investment in BlackRock $BLK

First Nebraska Trust Co bought a new position in shares of BlackRock (NYSE:BLK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 548 shares of the asset manager’s stock, valued at approximately $527,000.

A number of other institutional investors have also recently modified their holdings of BLK. RMG Wealth Management LLC acquired a new position in BlackRock in the 1st quarter worth about $25,000. Addison Advisors LLC purchased a new position in BlackRock during the second quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in BlackRock in the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new stake in shares of BlackRock in the second quarter valued at approximately $30,000. Finally, Birchbrook Inc. purchased a new stake in shares of BlackRock in the fourth quarter valued at approximately $31,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Price Performance

NYSE:BLK opened at $1,157.28 on Friday. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. 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 market cap of $179.23 billion, a PE ratio of 27.66, a P/E/G ratio of 1.30 and a beta of 1.42. The stock has a 50 day moving average price of $1,067.74 and a 200 day moving average price of $1,044.23.

BlackRock (NYSE:BLK) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the business posted $12.05 earnings per share. Equities research analysts expect that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued 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 currently 54.78%.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Bitcoin ETF demand could support fee revenue. BlackRock’s iShares Bitcoin Trust led recent U.S. spot Bitcoin ETF inflows, including $284.7 million in one session and $588.5 million over three days. Continued cryptocurrency demand could increase assets under management and fee income. Bitcoin ETF Inflows Hit $517M While BTC Tests Key Resistance
• Positive Sentiment: Dividend appeal is drawing investor attention. A recent analysis describes BlackRock as an attractive dividend stock, reinforcing the company’s appeal to income-oriented investors after its latest quarter exceeded expectations on both earnings and revenue. Why BlackRock Is a Great Dividend Stock Right Now
• Positive Sentiment: BlackRock continues deploying capital and expanding alternative-asset exposure. The firm and Oaktree seized debt-laden movie servicer MBS, highlighting potential opportunities in distressed and private credit markets, though such investments also carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS
• Neutral Sentiment: Large Qiagen stake creates potential strategic upside but adds concentration risk. Dutch regulatory filings show BlackRock owns roughly 11.5% of Qiagen’s capital and more than 12% of its voting rights. The holding demonstrates significant investment activity, but the filings do not indicate a change in BlackRock’s operating outlook. BlackRock Reveals Stake in Qiagen
• Negative Sentiment: A law firm’s investigation remains an overhang. Rosen Law Firm is seeking investors who may have suffered losses in BlackRock mutual funds amid allegations that business information was materially misleading. This is only an investigation announcement, not a finding of wrongdoing, but it could create reputational and legal risk. BlackRock Investor News

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLK. UBS Group upped their target price on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Weiss Ratings lowered shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Evercore restated an “outperform” rating and set a $1,260.00 price objective on shares of BlackRock in a research report on Monday, August 10th. Morgan Stanley increased their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued 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 assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.