Envestnet Portfolio Solutions Inc. Purchases 20,028 Shares of BlackRock $BLK

23 Sep 2026, 23:07 by Kim Johansen · The Markets Daily

Envestnet Portfolio Solutions Inc. grew its holdings in shares of BlackRock (NYSE:BLK – Free Report) by 335.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,994 shares of the asset manager’s stock after purchasing an additional 20,028 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in BlackRock were worth $24,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BLK. BlackRock Inc. purchased a new position in BlackRock in the 2nd quarter valued at approximately $9,747,857,000. Corient Private Wealth LLC boosted its holdings in shares of 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 acquiring an additional 5,386,640 shares during the period. Bank of America Corp DE bought a new position in shares of BlackRock in the second quarter worth $4,409,095,000. Norges Bank purchased a new position in shares of BlackRock in the fourth quarter valued at $2,742,680,000. Finally, Santa Clara Valley Transportation Authority purchased a new stake in BlackRock during the 2nd quarter worth about $129,138,253,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BLK. BNP Paribas Exane upped their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Barclays raised their price objective on shares of BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Bank of America boosted their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Evercore reiterated an “outperform” rating and issued a $1,260.00 target price on shares of BlackRock in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,311.06.

Read Our Latest Analysis on BLK

BlackRock Price Performance

Shares of BLK traded down $4.92 during trading hours on Wednesday, reaching $1,061.74. 460,708 shares of the company’s stock traded hands, compared to its average volume of 755,528. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a market cap of $164.43 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41. The firm’s 50 day simple moving average is $1,110.26 and its 200-day simple moving average is $1,048.96.

BlackRock (NYSE:BLK – Get Free Report) last announced its 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. 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 the consensus estimate of $6.73 billion. During the same period last year, the firm posted $12.05 earnings per share. BlackRock’s quarterly revenue was up 30.6% on a year-over-year basis. Equities analysts expect that BlackRock will post 55.96 EPS for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given a dividend of $5.73 per share. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.2%. BlackRock’s dividend payout ratio (DPR) is 54.78%.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: BlackRock’s IBIT spot Bitcoin ETF reportedly attracted approximately $381 million during a record nearly $1 billion day of inflows across U.S. Bitcoin ETFs. Strong demand could support fee revenue and reinforce BlackRock’s position in digital-asset markets. Bitcoin ETFs Record Nearly $1 Billion in Single-Day Inflows
Positive Sentiment: BlackRock research argues that AI agents could drive demand for stablecoins, blockchain-based payment rails and tokenized computing capacity. If adoption accelerates, the trend could create new opportunities across BlackRock’s ETFs, digital-asset products and private-market businesses. AI Potential to Drive Crypto Demand
Positive Sentiment: The firm launched a lower-cost ETF tracking the same index as Invesco’s QQQ, potentially helping BlackRock capture assets from competing Nasdaq-100 products and expand its ETF franchise. BlackRock Launches Lower-Cost QQQ Alternative
Neutral Sentiment: BlackRock increased its reported stake in Qiagen to approximately 11.47%. The disclosure reflects a sizable investment but does not materially change BLK’s operating outlook because it is likely an investment-management holding. BlackRock Builds Stake in Qiagen
Negative Sentiment: BlackRock strategist Gargi Chaudhuri said higher oil prices and stronger U.S. business activity are fueling inflation and Federal Reserve rate-hike concerns. The resulting decline in stocks and bonds is the clearest near-term pressure on BLK, potentially affecting assets under management, performance fees and investor risk appetite. Stocks and Bonds Slip as Oil Jumps

BlackRock Profile

(Free Report)

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.