Santa Clara Valley Transportation Authority Buys Shares of 2,141,204 BlackRock $BLK

Santa Clara Valley Transportation Authority bought a new position in BlackRock (NYSE:BLK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,141,204 shares of the asset manager’s stock, valued at approximately $129,138,253,000. BlackRock accounts for 100.0% of Santa Clara Valley Transportation Authority’s investment portfolio, making the stock its largest holding. Santa Clara Valley Transportation Authority owned about 1.38% of BlackRock at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLK. RMG Wealth Management LLC bought a new stake in shares of BlackRock in the 1st quarter valued at $25,000. Addison Advisors LLC bought a new position in BlackRock during the second quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new position in BlackRock in the fourth quarter valued at about $26,000. Meeder Asset Management Inc. bought a new stake in shares of BlackRock in the second quarter worth about $30,000. Finally, Birchbrook Inc. acquired a new position in shares of BlackRock in the 4th quarter valued at approximately $31,000. 80.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BLK. Barclays lifted their price target on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,258.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Weiss Ratings cut shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. UBS Group upped their target price on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, 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. Two 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,311.06.

Key Stories Impacting BlackRock

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

BlackRock Price Performance

Shares of BLK opened at $1,157.28 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94. The stock has a market capitalization of $179.23 billion, a P/E ratio of 27.66, a P/E/G ratio of 1.30 and a beta of 1.42. The company has a 50 day moving average of $1,067.74 and a 200-day moving average of $1,044.23.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the firm posted $12.05 earnings per share. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. As a group, equities research analysts forecast that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

BlackRock Company 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.