2,024 BlackRock $BLK Shares Purchased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. increased its position in BlackRock (NYSE:BLK) by 395.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,536 shares of the asset manager’s stock after acquiring an additional 2,024 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in BlackRock were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. Breakwater Capital Group grew its stake in BlackRock by 3.8% during the 1st quarter. Breakwater Capital Group now owns 271 shares of the asset manager’s stock valued at $261,000 after purchasing an additional 10 shares during the last quarter. Stronghold Wealth Management L.L.C. raised its stake in shares of BlackRock by 2.9% in the first quarter. Stronghold Wealth Management L.L.C. now owns 359 shares of the asset manager’s stock worth $345,000 after purchasing an additional 10 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of BlackRock by 1.8% during the second quarter. Financial Management Professionals Inc. now owns 564 shares of the asset manager’s stock worth $542,000 after purchasing an additional 10 shares during the period. JNBA Financial Advisors lifted its holdings in shares of BlackRock by 1.4% during the second quarter. JNBA Financial Advisors now owns 706 shares of the asset manager’s stock worth $679,000 after purchasing an additional 10 shares during the period. Finally, McGlone Suttner Wealth Management Inc. lifted its stake in BlackRock by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 1,205 shares of the asset manager’s stock valued at $1,275,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 beat: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus, while revenue rose 19.1% year over year to $7.75 billion, ahead of the $7.42 billion estimate. BlackRock Q3 earnings report
• Positive Sentiment: Record inflows and AUM: The firm attracted approximately $205 billion in quarterly net inflows, helping assets under management reach about $15.5 trillion. Strong demand for iShares ETFs, fixed-income products and private-market strategies supports recurring fee growth. BlackRock Q3 profit rises on inflows
• Positive Sentiment: Analysts raised targets: JPMorgan lifted its price target to $1,449 with an overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 and maintained an outperform rating. Bank of America also reiterated a buy rating and raised its target to $1,313. Analysts raise BlackRock forecasts
• Positive Sentiment: Growth initiatives: Management highlighted AI infrastructure financing, technology revenue, margin expansion and fundraising in private markets as potential drivers of future growth, including a developing opportunity in the compute market. BlackRock earnings call on AI financing
• Neutral Sentiment: Crypto exposure remains mixed: BlackRock’s crypto ETF assets reportedly increased sharply during the quarter, but bitcoin and ether ETFs subsequently recorded roughly $391 million in combined one-day outflows, creating near-term sentiment risk. Bitcoin and Ether ETF flows
• Negative Sentiment: Macro and execution risks: CEO Larry Fink warned that halting data-center construction could damage growth and trigger a recession. BlackRock is also reducing U.S. stock exposure in favor of Treasuries, while UBS expects the firm to exit several 2030 targets early—potentially signaling that some long-term goals may be difficult to achieve. Larry Fink data-center warning

BlackRock Trading Up 4.6%

Shares of BlackRock stock opened at $1,123.32 on Friday. The stock has a market cap of $173.97 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.21 and a beta of 1.41. The stock’s 50 day simple moving average is $1,106.32 and its 200-day simple moving average is $1,062.35. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,209.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The business had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter in the prior year, the company posted $8.43 EPS. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. Analysts predict that BlackRock will post 55.70 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a dividend of $5.73 per share. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. BlackRock’s dividend payout ratio is currently 52.11%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays lowered their price objective on BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of BlackRock in a report on Friday, October 9th. Morgan Stanley reduced their price target on BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating for the company in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $1,389.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Finally, TD Cowen raised their price objective on BlackRock from $1,190.00 to $1,212.00 and gave the company a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,312.06.

BlackRock Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.