EFG International AG Purchases Shares of 10,846 BlackRock $BLK

EFG International AG purchased a new position in shares of BlackRock (NYSE:BLK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,846 shares of the asset manager’s stock, valued at approximately $10,429,000.

Several other institutional investors have also recently modified their holdings of BLK. RMG Wealth Management LLC bought a new stake in BlackRock in the 1st quarter worth approximately $25,000. Addison Advisors LLC purchased a new position in shares of BlackRock during the second quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of BlackRock in the 4th quarter valued at $26,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of BlackRock in the 2nd quarter valued at $30,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Price Performance

Shares of BlackRock stock opened at $1,178.27 on Wednesday. The company’s fifty day simple moving average is $1,072.86 and its two-hundred day simple moving average is $1,045.14. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The firm has a market cap of $182.48 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate of $12.69 by $1.22. The firm 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 14.90%. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.05 earnings per share. As a group, equities analysts expect that BlackRock will post 55.86 EPS for the current year.

BlackRock Announces Dividend

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 given a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 1.9%. BlackRock’s dividend payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BLK shares. BMO Capital Markets boosted their price target 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. BNP Paribas Exane raised their price objective 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 lifted their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Finally, Keefe, Bruyette & Woods cut BlackRock from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $1,311.06.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong inflows into Bitcoin products: BlackRock’s iShares Bitcoin Trust (IBIT) reportedly attracted about $209 million of a $338 million total inflow into U.S. spot Bitcoin ETFs on Aug. 24. Record IBIT options activity—reported at 1.58 million contracts—also points to elevated investor engagement and could support fee-generating assets under management. BlackRock Adds Over 60% of Bitcoin’s $338 Million ETF Inflow
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to express optimism about BlackRock’s long-term growth prospects, despite the stock having lagged the broader market over the past year. The company’s latest reported quarter also showed substantial revenue and earnings beats, reinforcing the bullish outlook. What Are Wall Street Analysts’ Target Price for BlackRock Stock?
• Positive Sentiment: Alternative-asset expansion is gaining visibility: BlackRock’s acquisition of a major stake in Five Below and its role in data-center investment activity highlight the firm’s expanding reach across private markets and growth assets. These developments could support future fee growth, although they are not immediate earnings catalysts for BLK. Data Center Deals Propel July CRE Sales Volume
• Neutral Sentiment: Routine ETF distribution announced: BlackRock Canada declared final August cash distributions for the iShares Premium Money Market ETF. The payment is positive for fund unitholders but should have little direct effect on BlackRock’s corporate earnings or stock valuation. BlackRock Canada Announces Final August Cash Distributions
• Negative Sentiment: Private-credit cleanup raises execution concerns: BlackRock is reportedly exploring a sale of TCP Capital’s remaining $671 million loan portfolio. The move could reduce legacy credit risk and sharpen the private-credit strategy, but it also underscores stress in the vehicle and creates uncertainty around valuation and potential losses. BlackRock Weighs Options for Its $671 Million Private Credit Portfolio
• Negative Sentiment: Legal-investigation headline adds risk: The Rosen law firm said it is investigating potential claims involving alleged misleading information tied to BlackRock mutual funds. The report does not establish wrongdoing, but it could create reputational, regulatory, or litigation concerns. BlackRock Investor News Regarding Potential Mutual Fund Claims

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.