Western Wealth Management LLC Purchases 2,064 Shares of BlackRock $BLK

Western Wealth Management LLC increased its position in shares of BlackRock (NYSE:BLK) by 65.6% during the 1st quarter, Holdings Channel reports. The firm owned 5,211 shares of the asset manager’s stock after purchasing an additional 2,064 shares during the quarter. Western Wealth Management LLC’s holdings in BlackRock were worth $5,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLK. Paragon Private Wealth Management LLC lifted its holdings in BlackRock by 4.1% during the first quarter. Paragon Private Wealth Management LLC now owns 2,033 shares of the asset manager’s stock worth $1,955,000 after acquiring an additional 81 shares during the period. Ariadne Wealth Management LP grew its stake in BlackRock by 1.1% in the 1st quarter. Ariadne Wealth Management LP now owns 1,167 shares of the asset manager’s stock valued at $1,122,000 after purchasing an additional 13 shares during the period. Bank of America Corp DE grew its stake in BlackRock by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock valued at $5,032,603,000 after purchasing an additional 35,069 shares during the period. Edgestream Partners L.P. increased its position in shares of BlackRock by 8.4% during the 1st quarter. Edgestream Partners L.P. now owns 1,263 shares of the asset manager’s stock valued at $1,215,000 after purchasing an additional 98 shares during the last quarter. Finally, Bull Harbor Capital LLC bought a new stake in shares of BlackRock during the 1st quarter worth $696,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Meta AI data-center venture: BlackRock and Meta Platforms announced a roughly $14 billion, 1-gigawatt data-center campus in El Paso, Texas. BlackRock-managed funds will hold about 80% of the venture, with Meta contributing assets and leasing capacity. The deal highlights BlackRock’s ability to deploy capital into large private-infrastructure projects and could generate management, financing and investment fees. Meta Launches $14 Billion Texas AI Data Center Campus With BlackRock
• Positive Sentiment: Strong quarterly results remain a tailwind: BlackRock recently reported adjusted earnings of $13.91 per share versus the $12.69 consensus estimate, while revenue rose 30.6% year over year to $7.08 billion. The results reinforce investor confidence in its operating momentum and diversified asset-gathering model.
• Positive Sentiment: Broader technology and alternative-asset exposure: Recent disclosures show BlackRock-managed funds holding significant stakes in companies including Keel Infrastructure and IonQ. While these are generally portfolio holdings rather than direct corporate investments, they reinforce the firm’s exposure to fast-growing AI, data-center and quantum-computing themes. KEEL BlackRock Stake Filing
• Neutral Sentiment: Expansion into alternative assets: BlackRock-affiliated funds are collaborating on the more-than-$600 million purchase of Anthem Entertainment’s music catalogs, adding another example of the firm’s push into specialized private assets. The transaction is strategically consistent with that expansion, but its near-term earnings impact is unclear. Influence Media Anthem Catalog Acquisition
• Negative Sentiment: Regulatory and market risks remain: A law firm announced an investigation involving BlackRock mutual funds, although the notice contains allegations rather than established wrongdoing. Separately, pressure in U.S. private credit and uncertainty about Federal Reserve policy could weigh on fundraising, valuations and investor sentiment. Rosen BlackRock Mutual Fund Investigation

BlackRock Trading Up 1.8%

Shares of BlackRock stock opened at $1,098.96 on Friday. The stock has a market capitalization of $170.33 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.22 and a beta of 1.43. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. 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 stock’s 50-day simple moving average is $1,031.62 and its 200 day simple moving average is $1,041.37.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 15.01%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the business earned $12.05 earnings per share. As a group, research analysts anticipate that BlackRock will post 55.63 EPS for the current 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 paid a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is presently 54.78%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research analyst reports. Evercore reissued an “outperform” rating and issued a $1,145.00 price target on shares of BlackRock in a report on Friday, July 10th. Bank of America raised their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BNP Paribas Exane boosted their target price 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. Morgan Stanley increased their target price on shares of BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group decreased their price target on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1,304.29.

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.