BlackRock $BLK Shares Acquired by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. increased its stake in shares of BlackRock (NYSE:BLK) by 807.3% during the 3rd quarter, Holdings Channel reports. The fund owned 2,250 shares of the asset manager’s stock after acquiring an additional 2,002 shares during the period. BlackRock comprises approximately 1.6% of New Covenant Trust Company N.A.’s investment portfolio, making the stock its 14th largest position. New Covenant Trust Company N.A.’s holdings in BlackRock were worth $2,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BLK. BlackRock Inc. acquired a new stake in shares of BlackRock in the 2nd quarter worth about $9,747,857,000. Corient Private Wealth LLC lifted its position in shares of BlackRock by 5,190.3% during 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 in the last quarter. Bank of America Corp DE bought a new position in BlackRock in the 2nd quarter valued at $4,409,095,000. Santa Clara Valley Transportation Authority bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $129,138,253,000. Finally, Auto Owners Insurance Co lifted its position in shares of BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock valued at $128,441,000 after buying an additional 1,283,208 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLK. Barclays reduced their price objective on shares of BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America increased their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Weiss Ratings cut BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. BMO Capital Markets boosted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Morgan Stanley decreased their price target on BlackRock from $1,488.00 to $1,479.00 and set an “overweight” rating on the stock in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,303.35.

BlackRock Stock Down 0.1%

Shares of BlackRock stock traded down $1.36 during trading on Thursday, hitting $1,068.27. The company’s stock had a trading volume of 170,168 shares, compared to its average volume of 739,490. 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 company has a fifty day simple moving average of $1,110.65 and a two-hundred day simple moving average of $1,057.36. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a market capitalization of $165.44 billion, a PE ratio of 25.53, a P/E/G ratio of 1.22 and a beta of 1.41.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. The company 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 quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.05 EPS. Equities research analysts predict that BlackRock will post 55.73 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is currently 54.78%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and its partners are reportedly in exclusive talks to acquire Stack Infrastructure’s Asia-Pacific data-center assets in a potential $20 billion-to-$25 billion transaction. The deal would expand BlackRock’s exposure to AI and cloud infrastructure, although it could also require substantial capital. BlackRock in talks on data center deal
• Positive Sentiment: BlackRock’s digital-asset franchise remains a growth driver: its spot Bitcoin ETFs have become the world’s largest pool of Bitcoin holdings, while executives continue promoting tokenized money-market funds, stablecoins and potential AI-related crypto payments. These initiatives could support future fee growth and asset gathering. Bitcoin ETFs reach 1,000 days
• Positive Sentiment: Several BlackRock products have recently outperformed competing funds, including an income strategy that beat JEPI and a semiconductor fund that outpaced SMH over the past year. Strong performance can help attract new client assets, though past performance may not persist. BlackRock income fund performance
• Neutral Sentiment: Fixed-income CIO Rick Rieder said short-term bonds remain attractive and indicated he is positioned for a hawkish Federal Reserve. Higher yields may benefit fixed-income demand, but persistent rate hikes can pressure equity valuations and economic activity. BlackRock’s Rieder on rates
• Negative Sentiment: U.S. spot Bitcoin ETFs recorded approximately $485 million in net outflows, with BlackRock’s iShares Bitcoin Trust accounting for $207.7 million. The withdrawals reversed October’s previous inflows and directly weaken near-term sentiment toward BlackRock’s fastest-growing product area. Bitcoin ETF outflows
• Negative Sentiment: Analysts expect earnings growth in BlackRock’s upcoming report, but some commentary says the company lacks the typical combination of positive earnings revisions and estimate momentum associated with a likely beat. That creates a near-term catalyst risk. BlackRock earnings expectations
• Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging potentially misleading business information. The announcement is preliminary, but it adds reputational and legal overhang. BlackRock investor investigation

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.