California State Teachers Retirement System Has $212.49 Million Holdings in BlackRock $BLK

California State Teachers Retirement System decreased its position in shares of BlackRock (NYSE:BLK) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,947 shares of the asset manager’s stock after selling 5,933 shares during the quarter. California State Teachers Retirement System’s holdings in BlackRock were worth $212,487,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new stake in shares of BlackRock during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in BlackRock during the fourth quarter valued at approximately $26,000. Birchbrook Inc. acquired a new position in BlackRock during the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA bought a new stake in BlackRock during the fourth quarter worth $32,000. Finally, Basepoint Wealth LLC bought a new stake in BlackRock during the fourth quarter worth $32,000. 80.69% of the stock is owned by institutional investors.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Major AI infrastructure partnership: BlackRock and Meta Platforms formed an approximately $14 billion venture to develop and operate a one-gigawatt data center campus in El Paso, Texas. BlackRock-managed funds will own 80%, while Meta retains 20% and will operate the facility, which is expected to come online in 2028. The deal highlights BlackRock’s opportunity to earn investment-management and infrastructure-related fees from the multiyear AI buildout. Meta, BlackRock partner on $14 billion El Paso data center
• Positive Sentiment: Strong financing demand: BlackRock reportedly arranged roughly $12.3 billion in senior secured bonds for the project, with the debt rallying before pricing. The successful financing supports the view that BlackRock can scale its Global Infrastructure Partners and HPS platforms while channeling institutional capital into digital infrastructure. BlackRock Dodges AI Bond Flop as $12.3 Billion Debt Deal Rallies
• Positive Sentiment: ETF and crypto-related momentum: BlackRock’s systematic-alternatives ETF reportedly attracted significant inflows, while the firm’s crypto portfolio gained nearly $5 billion in July. These developments reinforce the company’s ability to capture demand across newer investment products, although crypto-related gains may be volatile. BlackRock Stuffed a Hedge Fund Inside an ETF
• Neutral Sentiment: BlackRock’s latest quarterly results showed substantial earnings and revenue beats, with revenue up 30.6% year over year, but analysts noted that the stock may already reflect much of the company’s record inflow and earnings strength. BlackRock Stock Could Be Fully Priced Following Record Inflows
• Negative Sentiment: U.S. spot Bitcoin ETFs experienced renewed outflows late last week, led by BlackRock’s iShares Bitcoin Trust. Continued weakness could reduce fee revenue and weigh on sentiment toward the firm’s crypto franchise. Bitcoin ETFs End Inflow Streak as Fed Rate Concerns Mount

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BLK shares. Bank of America lifted their price target on BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Barclays upped their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Evercore reissued an “outperform” rating and set a $1,145.00 target price on shares of BlackRock in a research note on Friday, July 10th. Finally, BMO Capital Markets increased their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,304.29.

BlackRock Stock Up 3.5%

Shares of NYSE:BLK opened at $1,099.21 on Wednesday. The firm has a market cap of $170.37 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.20 and a beta of 1.43. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The business has a fifty day simple moving average of $1,030.24 and a 200 day simple moving average of $1,041.31.

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

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio is presently 54.78%.

About BlackRock

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.