Newegg commerce: Galkin family buys $5.8M in NEGG stock
BlackRock Inc (NYSE:BLK). stock reached an all-time high of $1,119.19, marking a significant milestone for the world’s largest asset manager, which now commands a market capitalization of $173 billion. According to InvestingPro analysis, the stock appears to be trading near its Fair Value. This achievement reflects a robust 1-year change of 35.1%, underscoring the company’s strong performance in the financial markets. The surge in BlackRock’s stock price is indicative of investor confidence and the firm’s continued growth in assets under management, with revenue growing 15.4% over the last twelve months. The company maintains a solid 1.9% dividend yield and has raised its dividend for 15 consecutive years. This upward trajectory comes amid a broader market rally, with BlackRock capitalizing on favorable economic conditions and strategic investments. Analysts remain optimistic, with a consensus "Buy" rating and potential upside ahead. InvestingPro subscribers can access 8 more key insights and a comprehensive Pro Research Report about BlackRock’s outlook.
In other recent news, BlackRock Inc. reported second-quarter 2025 earnings that significantly exceeded analysts’ expectations. The company announced earnings per share of $12.05, surpassing the forecast of $10.6, and achieved revenue of $5.42 billion, slightly above the anticipated $5.41 billion. Additionally, BlackRock’s Board of Directors declared a quarterly cash dividend of $5.21 per share, payable in September 2025. In a strategic move, BlackRock is leading a consortium in advanced discussions to acquire a $10 billion stake in Saudi Aramco (TADAWUL:2222)’s Jafurah natural gas project. Meanwhile, Keefe, Bruyette & Woods adjusted BlackRock’s stock price target to $1,215 from $1,260 due to margin pressure, although they maintained an Outperform rating. Furthermore, BlackRock has advised its employees to use loaner phones and avoid company laptops when traveling to China, reflecting growing concerns about operational security. These developments highlight BlackRock’s ongoing strategic and financial activities.
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