United Services Automobile Association Buys New Position in BlackRock $BLK

08 Sep 2025, 12:19 by Doug Wharley · The Cerbat Gem

United Services Automobile Association purchased a new position in BlackRock (NYSE:BLK – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,294 shares of the asset manager’s stock, valued at approximately $3,118,000.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC increased its stake in BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager’s stock worth $28,000 after buying an additional 13 shares during the period. Investment Management Corp VA ADV purchased a new stake in shares of BlackRock during the fourth quarter worth about $30,000. Cheviot Value Management LLC acquired a new position in shares of BlackRock in the first quarter worth about $30,000. MorganRosel Wealth Management LLC purchased a new position in BlackRock in the first quarter valued at about $31,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in BlackRock during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLK. Jefferies Financial Group upped their target price on BlackRock from $959.00 to $1,210.00 in a research report on Thursday, July 10th. Barclays lifted their price target on shares of BlackRock from $990.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Wells Fargo & Company reduced their price objective on shares of BlackRock from $1,180.00 to $1,170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 16th. Bank of America boosted their target price on shares of BlackRock from $1,214.00 to $1,224.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, UBS Group reaffirmed a “neutral” rating and set a $980.00 price target on shares of BlackRock in a research report on Tuesday, July 8th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,154.07.

Get Our Latest Analysis on BLK

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 17,142 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the sale, the director directly owned 61,369 shares in the company, valued at $68,763,964.50. This represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Fabrizio Freda sold 4,434 shares of BlackRock stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the transaction, the director owned 3,506 shares in the company, valued at approximately $3,936,571.86. This trade represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,494 shares of company stock worth $74,694,573 in the last three months. 1.98% of the stock is currently owned by company insiders.

BlackRock Price Performance

Shares of BLK opened at $1,099.21 on Monday. BlackRock has a one year low of $773.74 and a one year high of $1,171.89. The stock’s fifty day moving average is $1,110.95 and its 200-day moving average is $1,002.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The firm has a market capitalization of $170.21 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45.

BlackRock (NYSE:BLK – Get Free Report) last announced its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm posted $10.36 EPS. BlackRock’s revenue was up 12.9% compared to the same quarter last year. Equities analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be issued a dividend of $5.21 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $20.84 annualized dividend and a yield of 1.9%. BlackRock’s payout ratio is presently 50.39%.

BlackRock Company Profile

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