MassMutual Private Wealth & Trust FSB Has $15.91 Million Holdings in BlackRock $BLK

MassMutual Private Wealth & Trust FSB reduced its holdings in BlackRock (NYSE:BLK) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,550 shares of the asset manager’s stock after selling 616 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in BlackRock were worth $15,914,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BLK. RMG Wealth Management LLC bought a new stake in shares of BlackRock during the first quarter worth $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of BlackRock in the fourth quarter valued at $26,000. Birchbrook Inc. bought a new position in shares of BlackRock in the fourth quarter valued at about $31,000. LFA Lugano Financial Advisors SA bought a new position in shares of BlackRock in the fourth quarter valued at about $32,000. Finally, Basepoint Wealth LLC acquired a new position in BlackRock during the 4th quarter worth about $32,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,128.33 on Tuesday. The stock’s fifty day simple moving average is $1,033.13 and its 200 day simple moving average is $1,041.68. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $174.88 billion, a PE ratio of 26.97, a PEG ratio of 1.23 and a beta of 1.42. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share 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 net margin of 24.09% and a return on equity of 15.01%. The business’s revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.05 earnings per share. On average, research analysts predict that BlackRock will post 55.63 EPS for the current year.

BlackRock Announces Dividend

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

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Tokenized money-market expansion: BlackRock introduced two blockchain-based offerings: OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). The products invest in cash, short-term U.S. Treasuries and repurchase agreements, while targeting institutional demand for stablecoin reserves and digital-asset infrastructure. BlackRock Intros Pair of Tokenized Money Market Offerings
• Positive Sentiment: Potential first-mover advantage in digital assets: BSTBL is available as a tokenized share class on Ethereum, while BRSRV supports multiple blockchains and is designed to automatically reinvest daily dividends. The offerings are intended to qualify as stablecoin reserve assets under the U.S. GENIUS Act, potentially opening a new distribution channel for BlackRock’s money-market products. BlackRock launches tokenized money market funds for stablecoin reserves
• Positive Sentiment: Strong underlying fundamentals: Recent quarterly results exceeded expectations, with earnings per share of $13.91 versus a $12.69 consensus estimate and revenue of $7.08 billion versus $6.73 billion expected. Revenue increased about 31% year over year, and assets under management reached a reported record of $15.34 trillion.
• Neutral Sentiment: Growth beyond traditional asset management: BlackRock is reportedly pursuing Mexican infrastructure and development projects alongside rivals such as Apollo. The initiative could diversify long-term revenue, but it may also require significant capital and carries execution and regulatory risks. BlackRock Jostles Rivals Like Apollo in Bid for Mexican Projects
• Negative Sentiment: Insider selling and legal overhang: A market-data summary showed multiple BlackRock executives, including CEO Laurence Fink, sold shares during the past six months without reported purchases. Separately, Rosen Law Firm announced an investigation involving certain BlackRock mutual funds; the investigation is only an allegation at this stage, but it could create reputational or litigation risk. Rosen Law Firm BlackRock investigation

Analyst Ratings Changes

A number of analysts recently weighed in on BLK shares. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 price target on shares of BlackRock in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,258.00 price objective on shares of BlackRock in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded BlackRock from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Keefe, Bruyette & Woods boosted their target price on BlackRock from $1,275.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings raised BlackRock from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,304.29.

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.