BlackRock $BLK Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its position in shares of BlackRock (NYSE:BLK) by 114.3% during the 1st quarter, HoldingsChannel reports. The fund owned 18,301 shares of the asset manager’s stock after purchasing an additional 9,760 shares during the period. BlackRock accounts for 0.8% of Entropy Technologies LP’s portfolio, making the stock its 13th biggest position. Entropy Technologies LP’s holdings in BlackRock were worth $17,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. RMG Wealth Management LLC acquired a new position in BlackRock in the 1st quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new stake in BlackRock in the fourth quarter valued at approximately $26,000. Birchbrook Inc. purchased a new stake in shares of BlackRock in the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of BlackRock in the fourth quarter valued at approximately $32,000. Finally, Basepoint Wealth LLC acquired a new position in shares of BlackRock during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock announced a quarterly dividend of $5.73 per share, reinforcing confidence in the firm’s cash generation and shareholder returns. BlackRock Declares Quarterly Dividend of $5.73 on Common Stock
• Positive Sentiment: Investor interest in BlackRock’s ETF franchise remains strong, with reports highlighting continued momentum in iShares and the recovery in Bitcoin ETF inflows led by IBIT. BlackRock (BLK) Could Be 21% Below Fair Value As Dividend Signals Confidence BlackRock’s IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days
• Positive Sentiment: BlackRock is also being tied to large-scale growth opportunities, including a reported $12.3 billion bond financing for Meta’s Texas AI data facility, underscoring its reach in capital markets and infrastructure finance. BlackRock (BLK) Markets $12.3B in Bonds for Meta’s Texas AI Data Facility
• Neutral Sentiment: BlackRock disclosed a larger stake in Qiagen, raising its voting power to 13%; this is notable for BlackRock’s portfolio activity, but it is not a direct catalyst for BLK earnings. BlackRock builds 11.6% stake in Qiagen, lifting voting power to 13%
• Neutral Sentiment: BlackRock joined other firms in a $15 million Bitcoin security consortium focused on quantum-resistant protections, a long-term strategic initiative with limited immediate financial impact. BlackRock, Coinbase and Strategy Pledge $15M to Quantum-Proof Bitcoin
• Negative Sentiment: Some coverage noted bond investors demanding higher yields on the Meta-linked financing deal, which may reflect increased caution around AI infrastructure risk and could slightly pressure sentiment around BlackRock’s role in the transaction. Bond investors demand higher yields on BlackRock AI-linked financing deal

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. TD Cowen reduced their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of BlackRock from $1,275.00 to $1,300.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,258.00 target price on shares of BlackRock in a research note on Thursday, July 16th. Finally, UBS Group upped their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, BlackRock has a consensus rating of “Buy” and a consensus price target of $1,304.29.

BlackRock Stock Up 1.7%

NYSE BLK opened at $1,054.61 on Friday. The business has a fifty day moving average price of $1,029.48 and a 200 day moving average price of $1,042.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market cap of $163.45 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.17 and a beta of 1.43. BlackRock has a one year low of $917.39 and a one year high of $1,219.94.

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

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.2%. BlackRock’s payout ratio is presently 54.78%.

Insider Activity

In other BlackRock news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the transaction, the president directly owned 210,186 shares of the company’s stock, valued at $222,082,527.60. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the transaction, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by corporate insiders.

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.