BlackRock $BLK Stock Position Lifted by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC raised its holdings in BlackRock (NYSE:BLK) by 214.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,225 shares of the asset manager’s stock after purchasing an additional 4,246 shares during the quarter. BlackRock accounts for 1.4% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Legacy Wealth Asset Management LLC’s holdings in BlackRock were worth $6,588,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BLK. LifeGoal Investments LLC raised its position in BlackRock by 26.7% in the third quarter. LifeGoal Investments LLC now owns 545 shares of the asset manager’s stock worth $577,000 after acquiring an additional 115 shares during the period. Monument Capital Management grew its position in shares of BlackRock by 800.0% during the 3rd quarter. Monument Capital Management now owns 2,286 shares of the asset manager’s stock valued at $2,419,000 after acquiring an additional 2,032 shares during the period. Pacifica Partners Inc. grew its position in shares of BlackRock by 207.7% during the 3rd quarter. Pacifica Partners Inc. now owns 80 shares of the asset manager’s stock valued at $85,000 after acquiring an additional 54 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of BlackRock by 1.9% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 43,823 shares of the asset manager’s stock worth $46,377,000 after purchasing an additional 800 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of BlackRock by 175.2% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 1,968 shares of the asset manager’s stock worth $2,083,000 after purchasing an additional 1,253 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s shares have gained 6.8% over the past six months, supported by record assets under management, strategic acquisitions, strong investment demand, and its diversified product lineup. However, analysts caution that the stock’s elevated valuation could limit additional upside. BLK Shares Rally 6.8% in Six Months: Is There Further Upside Left?
• Positive Sentiment: BlackRock is reportedly in exclusive discussions to acquire Stack Infrastructure’s Asia-Pacific data-center assets in a potential $20 billion-to-$25 billion transaction. The deal would increase exposure to AI and cloud infrastructure, though its size also raises execution and financing considerations. BlackRock in Exclusive Talks on $20 Billion Data Center Deal
• Positive Sentiment: BlackRock continues to promote growth in digital assets and tokenization, including tokenized money-market funds, stablecoins, Bitcoin, and AI-driven crypto payments. Its crypto portfolio reportedly increased by more than $291 million over four days, highlighting potential long-term fee and product opportunities. BlackRock’s Nikhil Sharma Pitches Tokenized Money Market Funds
• Neutral Sentiment: Fixed-income chief Rick Rieder said short-term bonds remain attractive and indicated a hawkish Federal Reserve positioning. Higher rates can support fixed-income demand but may pressure equity valuations and risk assets. BlackRock’s Rieder on Yield Curve and Federal Reserve Rate Hikes
• Negative Sentiment: U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows, with BlackRock’s iShares Bitcoin Trust accounting for $207.7 million. The withdrawals reduce near-term sentiment around crypto-related asset growth and fee revenue. US Bitcoin ETFs See $485 Million Outflow
• Negative Sentiment: BlackRock is scheduled to report quarterly results next week. While Wall Street expects earnings growth, a Zacks analysis says the company may lack the typical indicators for a significant earnings beat, increasing event risk for the stock. BlackRock Reports Next Week
• Negative Sentiment: The Rosen Law Firm is investigating potential securities claims involving BlackRock mutual funds, citing allegations of materially misleading business information. The announcement creates reputational and potential legal overhang, although it does not establish wrongdoing. BlackRock Investor News

BlackRock Stock Down 0.2%

BLK opened at $1,067.09 on Friday. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The company has a market cap of $165.26 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $1,110.01 and a 200 day moving average of $1,058.13.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.05 EPS. On average, sell-side analysts expect that BlackRock will post 55.73 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s payout ratio is presently 54.78%.

Analyst Ratings Changes

Several research firms recently commented on BLK. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods upgraded BlackRock from a “hold” rating to a “moderate buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on BlackRock from $1,364.00 to $1,435.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley cut their price target on BlackRock from $1,488.00 to $1,479.00 and set an “overweight” rating for the company in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,303.35.

About BlackRock

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.