Jefferies Financial Group Inc. Makes New $32.61 Million Investment in BlackRock $BLK

Jefferies Financial Group Inc. recently invested $32.61 million in BlackRock, acquiring 33,912 shares. This comes as BlackRock reported strong quarterly earnings, exceeding analyst estimates with $13.91 EPS and $7.08 billion in revenue, a 30.6% year-over-year increase. The company also declared a quarterly dividend of $5.73 per share, contributing to a 2.0% yield, and maintains a "Moderate Buy" consensus rating from analysts with a target price of $1,311.06.