Hilltop Holdings Inc. Has $401,000 Stock Position in BlackRock $BLK

Hilltop Holdings Inc. lowered its position in BlackRock (NYSE:BLK) by 88.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 418 shares of the asset manager’s stock after selling 3,267 shares during the quarter. Hilltop Holdings Inc.’s holdings in BlackRock were worth $401,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BLK. Corient Private Wealth LLC lifted its position in BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares during the period. Norges Bank acquired a new position in shares of BlackRock in the 4th quarter valued at $2,742,680,000. Oak Harvest Investment Services raised its stake in shares of BlackRock by 12,176.1% in the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock valued at $1,707,356,000 after buying an additional 1,582,159 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in shares of BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock worth $128,441,000 after acquiring an additional 1,283,208 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of BlackRock by 200.5% during the 4th quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock valued at $1,553,194,000 after acquiring an additional 968,245 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Analyst support points to a potential rebound. JPMorgan and Morgan Stanley reportedly encouraged clients to buy BlackRock, suggesting confidence that the stock’s valuation and post-earnings weakness offer further upside. Why Two BlackRock Competitors Told Clients to Buy It
• Positive Sentiment: BlackRock is backing a $15 million Bitcoin security initiative. The company joined eight other firms in the Bitcoin Security Consortium, highlighting its commitment to cryptocurrency infrastructure and potentially strengthening its long-term digital-asset positioning. Wall Street giants back $15M push to quantum-proof Bitcoin
• Positive Sentiment: Its Nasdaq-100 ETF challenger is attracting inflows. BlackRock’s iShares Nasdaq-100 ETF is gaining assets, supporting fee revenue and distribution scale, even though Invesco’s QQQ remains much larger. BlackRock’s Nasdaq ETF Challenger Is Growing
• Positive Sentiment: BlackRock continues to broaden its low-cost ETF lineup. A lower-fee emerging-markets ETF could attract price-sensitive investors and increase assets under management over time, though it may pressure fees on older products. iShares Sells Nearly the Same Emerging Markets for 87% Less
• Neutral Sentiment: BlackRock Canada announced final July cash distributions for the iShares Premium Money Market ETF. The distribution is routine and primarily affects fund unitholders rather than BlackRock’s corporate earnings. BlackRock Canada Announces Final July Cash Distributions
• Negative Sentiment: Bitcoin ETF redemptions are a near-term headwind. U.S. spot Bitcoin ETFs experienced roughly $465 million to $475 million in two-day outflows, with BlackRock’s iShares Bitcoin Trust reportedly leading withdrawals. Continued redemptions could reduce fee revenue and weaken sentiment toward BlackRock’s crypto franchise. Bitcoin ETF Selloff Deepens
• Negative Sentiment: A law firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging materially misleading business information. The announcement is a solicitation and does not establish wrongdoing, but it adds headline and litigation risk. BlackRock Investor News

BlackRock Trading Up 0.6%

Shares of BlackRock stock opened at $1,061.60 on Tuesday. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The stock has a market capitalization of $164.54 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. The company has a 50-day simple moving average of $1,029.00 and a 200 day simple moving average of $1,041.14. 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 (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 net margin of 24.09% and a return on equity of 15.01%. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the previous year, the business earned $12.05 earnings per share. Research analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BNP Paribas Exane increased their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Evercore reaffirmed an “outperform” rating and set a $1,145.00 price objective on shares of BlackRock in a report on Friday, July 10th. Morgan Stanley upped their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. TD Cowen dropped their target price on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. upgraded BlackRock from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.