640 Shares in BlackRock $BLK Acquired by Davis Investment Partners LLC

Davis Investment Partners LLC purchased a new position in shares of BlackRock (NYSE:BLK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 640 shares of the asset manager’s stock, valued at approximately $678,000.

A number of other hedge funds have also recently made changes to their positions in BLK. Advisors Capital Management LLC purchased a new position in shares of BlackRock in the second quarter worth about $33,847,000. Varma Mutual Pension Insurance Co bought a new stake in shares of BlackRock in the 2nd quarter valued at about $28,185,000. Haverford Trust Co purchased a new stake in BlackRock during the 2nd quarter valued at about $264,500,000. Liberty One Investment Management LLC boosted its holdings in BlackRock by 30.7% during the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock valued at $4,675,000 after acquiring an additional 1,141 shares during the period. Finally, Basswood Capital Management L.L.C. purchased a new stake in BlackRock during the 2nd quarter valued at about $23,122,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $1,221.37 on Wednesday. The company has a market cap of $189.15 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. The company has a 50-day moving average price of $1,107.31 and a 200-day moving average price of $1,066.33. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.28. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,242.12.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, topping analysts’ consensus estimates of $14.32 by $1.61. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.42 billion. BlackRock had a net margin of 24.22% and a return on equity of 15.60%. BlackRock’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.43 earnings per share. As a group, equities analysts anticipate that BlackRock will post 57.82 EPS for the current year.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: A BlackRock valuation analysis argues the stock may be about 5% undervalued, citing potential returns from its AI-related investments and other growth initiatives. This is an opinion, not a company forecast. Article: BlackRock Stock May Be 5% Undervalued
• Positive Sentiment: BlackRock-backed tokenization firm Securitize agreed to acquire River One to expand into asset-backed lending. The deal could broaden the platform’s business, though any benefit to BlackRock is indirect and likely not an immediate earnings driver. Article: Securitize Agrees to Buy River One
• Neutral Sentiment: Reports describe rising interest in converting digital assets through in-kind transactions amid security concerns. Such conversions may shift custody to BlackRock’s products, but do not necessarily represent new investment or fresh ETF inflows. Article: BlackRock Sees Billions in Crypto ETF Conversions
• Neutral Sentiment: BlackRock Canada expects a large cash distribution from its XRB bond ETF after bonds mature. This is a fund-level distribution—not a payout to BLK shareholders—and reflects the lack of new Canadian real-return bonds available for reinvestment. Article: BlackRock Canada Announces a Special Distribution
• Negative Sentiment: Crypto-fund redemptions are the clearest near-term concern. IBIT recorded about $213 million in Bitcoin ETF outflows on Nov. 9, extending its streak to seven sessions and bringing cumulative withdrawals to $1.66 billion. BlackRock’s Ether funds also saw roughly $140 million in combined outflows that day. Continued asset withdrawals could weigh on sentiment and fee-generating assets. Article: BlackRock Bitcoin ETF Outflows Hit $1.66B

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Bank of America decreased their price target on BlackRock from $1,320.00 to $1,287.00 in a research note on Monday, October 5th. Keefe, Bruyette & Woods boosted their price objective on BlackRock from $1,290.00 to $1,310.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. UBS Group increased their price objective on BlackRock from $1,277.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. BNP Paribas Exane raised their target price on shares of BlackRock from $1,370.00 to $1,430.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Finally, Barclays cut their target price on shares of BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,342.25.

About BlackRock

BlackRock, Inc. is a global investment management and financial technology company serving individuals, institutions, governments and other organizations. Founded in 1988, the company is headquartered in New York City and operates in markets around the world. BlackRock offers investment products and services across asset classes, including equities, fixed income, cash management and alternative investments. Its offerings include exchange-traded funds and other funds under the iShares brand, as well as portfolio management, investment advisory and risk management services.