BlackRock $BLK Stock Purchased by Hengehold Capital Management LLC

Hengehold Capital Management LLC boosted its stake in shares of BlackRock (NYSE:BLK) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,238 shares of the asset manager’s stock after purchasing an additional 975 shares during the quarter. Hengehold Capital Management LLC’s holdings in BlackRock were worth $6,602,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Beaumont Asset Management L.L.C. increased its stake in shares of BlackRock by 4.9% during the third quarter. Beaumont Asset Management L.L.C. now owns 2,853 shares of the asset manager’s stock worth $3,020,000 after buying an additional 132 shares during the period. TD Waterhouse Canada Inc. raised its holdings in BlackRock by 917.8% in the third quarter. TD Waterhouse Canada Inc. now owns 157,164 shares of the asset manager’s stock valued at $166,325,000 after acquiring an additional 141,723 shares in the last quarter. WealthBridge Capital Management LLC acquired a new stake in BlackRock in the third quarter valued at approximately $335,000. Stronghold Wealth Management L.L.C. lifted its stake in BlackRock by 7.0% in the third quarter. Stronghold Wealth Management L.L.C. now owns 336 shares of the asset manager’s stock worth $356,000 after acquiring an additional 22 shares during the last quarter. Finally, ARS Wealth Advisors Group LLC lifted its stake in BlackRock by 115.1% in the third quarter. ARS Wealth Advisors Group LLC now owns 5,166 shares of the asset manager’s stock worth $5,467,000 after acquiring an additional 2,764 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Up 1.1%

BlackRock stock traded up $12.29 during mid-day trading on Friday, hitting $1,133.07. The company had a trading volume of 1,172,342 shares, compared to its average volume of 587,276. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,187.17. The business has a fifty day moving average of $1,106.23 and a 200 day moving average of $1,062.85. The stock has a market cap of $175.48 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.23 and a beta of 1.41.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, topping 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 the consensus estimate of $7.42 billion. During the same quarter in the previous year, the firm earned $8.43 EPS. The company’s revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts expect that BlackRock will post 56.28 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

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

Analyst Upgrades and Downgrades

BLK has been the subject of several analyst reports. Weiss Ratings cut shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Bank of America raised their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Barclays decreased their price objective on shares of BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen boosted their target price on shares of BlackRock from $1,190.00 to $1,212.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. Finally, BNP Paribas Exane boosted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,312.06.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery
• Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story
• Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock
• Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market
• Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings.
• Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows
• Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs

BlackRock Company 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.