MSH Capital Advisors LLC Acquires New Shares in BlackRock $BLK

MSH Capital Advisors LLC bought a new stake in BlackRock (NYSE:BLK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,131 shares of the asset manager’s stock, valued at approximately $3,972,000. BlackRock accounts for about 0.7% of MSH Capital Advisors LLC’s holdings, making the stock its 28th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock valued at $1,615,000 after buying an additional 296 shares in the last quarter. Bison Wealth LLC lifted its holdings in BlackRock by 1.6% during the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 17 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in BlackRock in the second quarter valued at about $259,000. Nebula Research & Development LLC acquired a new position in BlackRock in the second quarter valued at about $548,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of BlackRock in the second quarter worth about $98,000. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Up 0.4%

Shares of BlackRock stock opened at $1,159.16 on Thursday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.30 and a beta of 1.42. The business has a fifty day simple moving average of $1,062.77 and a two-hundred day simple moving average of $1,043.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $12.05 EPS. Research analysts forecast that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

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 paid a $5.73 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s dividend payout ratio is 54.78%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $189.3 million in net inflows Tuesday, bringing August inflows near $951 million. BlackRock’s iShares Bitcoin Trust led with $143.6 million, signaling continued investor demand for one of BlackRock’s fastest-growing product areas. Bitcoin ETFs add $189M as August net inflows approach $1B
• Positive Sentiment: BlackRock reiterated that Bitcoin remains a viable diversification asset after its sharp selloff and said a 1%–2% allocation could improve risk-adjusted returns in a traditional portfolio. The supportive stance may help sustain interest in BlackRock’s crypto offerings. Bitcoin has largely purged froth, BlackRock says
• Positive Sentiment: BlackRock disclosed a roughly $3.45 billion stake in Biogen, whose shares reached a 52-week high after an earnings beat and upgraded outlook. The investment highlights the scale of BlackRock’s asset-management platform, though gains primarily accrue to fund investors rather than directly to BLK earnings. Biogen stock surges after BlackRock investment
• Neutral Sentiment: BlackRock Canada announced monthly cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to investors of record on August 26. The announcement supports product visibility and investor engagement but does not materially change BlackRock’s earnings outlook. BlackRock Canada announces August cash distributions
• Neutral Sentiment: BlackRock’s HPS private-credit unit was reported among creditors taking over MBS Group alongside Oaktree Capital. The development may demonstrate private-credit activity, while also highlighting potential credit and workout risks. BlackRock’s HPS among creditors taking over MBS Group
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging that the company may have provided materially misleading business information. The announcement is not a finding of wrongdoing, but could create legal costs, reputational risk and investor uncertainty. Rosen Law Firm investigates BlackRock mutual funds

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BLK shares. The Goldman Sachs Group reiterated a “buy” rating and set a $1,389.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Morgan Stanley raised their target price on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lowered shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. UBS Group upped their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. upgraded shares of BlackRock from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1,311.06.

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.