BlackRock $BLK Stock Bought by Granite Islands Private Wealth LLC

Granite Islands Private Wealth LLC grew its position in BlackRock (NYSE:BLK) by 169.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,124 shares of the asset manager’s stock after purchasing an additional 707 shares during the period. Granite Islands Private Wealth LLC’s holdings in BlackRock were worth $1,185,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NFSG Corp grew its stake in BlackRock by 7,833.7% during the third quarter. NFSG Corp now owns 7,537 shares of the asset manager’s stock worth $7,976,000 after buying an additional 7,442 shares during the last quarter. Activest Wealth Management raised its stake in shares of BlackRock by 40.0% in the third quarter. Activest Wealth Management now owns 42 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 12 shares during the last quarter. Guyasuta Investment Advisors Inc. raised its stake in shares of BlackRock by 395.3% in the third quarter. Guyasuta Investment Advisors Inc. now owns 2,536 shares of the asset manager’s stock valued at $2,684,000 after acquiring an additional 2,024 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of BlackRock by 4.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,090 shares of the asset manager’s stock worth $3,270,000 after acquiring an additional 130 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of BlackRock by 707.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 5,464 shares of the asset manager’s stock worth $5,782,000 after acquiring an additional 4,787 shares in the last quarter. 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 Stock Performance

Shares of BlackRock stock opened at $1,123.32 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The firm 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 firm has a 50 day simple moving average of $1,106.32 and a 200 day simple moving average of $1,062.35. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,209.89.

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

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given 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 payout ratio is presently 52.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BLK shares. BMO Capital Markets raised their price target on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Bank of America boosted their price objective on BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on BlackRock from $1,435.00 to $1,449.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group restated a “buy” rating and set a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. Finally, Morgan Stanley lowered their target price on BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.