Clear Harbor Asset Management LLC Takes Position in BlackRock $BLK

Clear Harbor Asset Management LLC acquired a new position in shares of BlackRock (NYSE:BLK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,788 shares of the asset manager’s stock, valued at approximately $7,489,000.

Several other large investors also recently made changes to their positions in BLK. Oakworth Capital Inc. boosted its holdings in BlackRock by 1.2% in the fourth quarter. Oakworth Capital Inc. now owns 755 shares of the asset manager’s stock worth $808,000 after acquiring an additional 9 shares in the last quarter. McIlrath & Eck LLC grew its stake in BlackRock by 5.0% in the fourth quarter. McIlrath & Eck LLC now owns 212 shares of the asset manager’s stock valued at $227,000 after acquiring an additional 10 shares during the period. Manske Wealth Management increased its holdings in shares of BlackRock by 3.0% during the fourth quarter. Manske Wealth Management now owns 345 shares of the asset manager’s stock valued at $369,000 after acquiring an additional 10 shares in the last quarter. Gibson Capital LLC increased its holdings in shares of BlackRock by 3.4% during the fourth quarter. Gibson Capital LLC now owns 308 shares of the asset manager’s stock valued at $330,000 after acquiring an additional 10 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in shares of BlackRock by 4.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 230 shares of the asset manager’s stock worth $246,000 after purchasing an additional 10 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key BlackRock News

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

Analyst Ratings Changes

A number of brokerages recently issued reports on BLK. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. Evercore restated an “outperform” rating and set a $1,260.00 price target on shares of BlackRock in a research note on Monday, August 10th. UBS Group upped their price objective on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Finally, BNP Paribas Exane lifted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $1,311.06.

BlackRock Stock Up 1.5%

BlackRock stock opened at $1,157.28 on Friday. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The stock has a market cap of $179.23 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.42. The firm’s 50-day simple moving average is $1,067.74 and its 200 day simple moving average is $1,044.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59.

BlackRock (NYSE:BLK) last posted 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 analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. During the same quarter last year, the business posted $12.05 EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. Research analysts predict that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s dividend payout ratio is currently 54.78%.

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.