1,023 BlackRock $BLK Shares Purchased by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates increased its BlackRock stake by 250.1% in the third quarter, purchasing 1,023 additional shares for a total of 1,432 shares valued at approximately $1.515 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported quarterly EPS of $13.91, beating estimates by $1.22, while revenue rose 30.6% year over year to $7.08 billion. The company also pays a quarterly dividend of $5.73, equivalent to a 2.1% annualized yield.
• Analyst sentiment remains positive, with several firms raising price targets and the stock carrying a consensus “Moderate Buy” rating with a $1,304.24 target price. However, valuation, higher operating expenses, potentially lower performance fees and digital-asset outflows remain risks.

Douglas Lane & Associates LLC boosted its position in BlackRock (NYSE:BLK - Free Report) by 250.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,432 shares of the asset manager's stock after buying an additional 1,023 shares during the period. Douglas Lane & Associates LLC's holdings in BlackRock were worth $1,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. O Keefe Stevens Advisory Inc. increased its position in BlackRock by 12.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 1,722 shares of the asset manager's stock worth $1,822,000 after buying an additional 190 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of BlackRock by 214.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 6,225 shares of the asset manager's stock worth $6,588,000 after purchasing an additional 4,246 shares during the last quarter. LifeGoal Investments LLC grew its holdings in shares of BlackRock by 26.7% during the third quarter. LifeGoal Investments LLC now owns 545 shares of the asset manager's stock worth $577,000 after buying an additional 115 shares in the last quarter. Monument Capital Management boosted its position in BlackRock by 800.0% during the third quarter. Monument Capital Management now owns 2,286 shares of the asset manager's stock worth $2,419,000 after acquiring an additional 2,032 shares during the last quarter. Finally, Pacifica Partners Inc. grew its stake in BlackRock by 207.7% in the 3rd quarter. Pacifica Partners Inc. now owns 80 shares of the asset manager's stock worth $85,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock Stock Performance

Shares of BLK stock opened at $1,081.27 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $1,109.77 and a two-hundred day moving average of $1,058.29. The company has a market cap of $167.46 billion, a P/E ratio of 25.84, a PEG ratio of 1.20 and a beta of 1.41. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 earnings per share. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, analysts anticipate that BlackRock will post 55.71 EPS for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $5.73 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock's dividend payout ratio (DPR) is 54.78%.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BlackRock from “hold” to “moderate buy,” providing a fresh positive analyst signal. The upgrade likely reflects confidence in BlackRock’s earnings outlook and long-term asset-management growth. BlackRock analyst upgrade reference
• Positive Sentiment: Expectations for the upcoming third-quarter report are constructive. Analysts anticipate higher revenue, earnings and assets under management, while BlackRock’s strong earnings-surprise history and favorable Earnings ESP support the possibility of another consensus beat. BlackRock earnings beat outlook
• Positive Sentiment: Record assets under management, strategic acquisitions and demand for BlackRock’s products continue to support the growth narrative. The company’s recent earnings also showed substantial year-over-year revenue growth and a sizable EPS beat, reinforcing fundamental momentum. BlackRock growth and valuation analysis
• Neutral Sentiment: BlackRock disclosed a substantial voting stake in Qiagen (QGEN). The filing confirms an ownership position but does not, by itself, indicate a material change to BlackRock’s operating outlook. BlackRock voting stake in Qiagen
• Negative Sentiment: Valuation is a key risk after BlackRock’s multiyear share-price advance. Commentary describes the stock as fairly valued or trading at a premium, meaning additional gains may require continued improvement in returns, AUM and earnings. BlackRock valuation analysis
• Negative Sentiment: Expected increases in operating expenses and potentially lower performance fees could offset some of the benefit from higher revenue, earnings and AUM. Separately, substantial outflows from U.S. spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, may weigh on sentiment toward its digital-assets franchise. BlackRock third-quarter earnings risks

Analyst Ratings Changes

Several equities research analysts recently issued reports on BLK shares. Keefe, Bruyette & Woods raised shares of BlackRock from a "hold" rating to a "moderate buy" rating in a research report on Wednesday. BMO Capital Markets raised their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $1,258.00 price target on shares of BlackRock in a report on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on BlackRock from $1,364.00 to $1,435.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Bank of America lifted their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,304.24.

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.

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