1,088 BlackRock $BLK Shares Bought by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management increased its BlackRock stake by 5.9%, purchasing 1,088 shares to hold 19,519 shares valued at approximately $20.7 million. Institutional investors and hedge funds collectively own 80.69% of BLK.
• BlackRock exceeded quarterly expectations, reporting $15.93 in earnings per share and $7.75 billion in revenue, with revenue up 19.1% year over year.
• Analysts remain broadly bullish, with BlackRock receiving a “Moderate Buy” consensus rating and an average price target of $1,337.19; the company is also expanding its digital-asset and private-market initiatives.

Generali Asset Management SPA SGR grew its position in shares of BlackRock (NYSE:BLK - Free Report) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,519 shares of the asset manager's stock after buying an additional 1,088 shares during the period. Generali Asset Management SPA SGR's holdings in BlackRock were worth $20,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLK. RMG Wealth Management LLC acquired a new position in BlackRock in the 1st quarter valued at $25,000. Addison Advisors LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth $25,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of BlackRock in the second quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock in the second quarter worth $30,000. Finally, Wilkerson Advisory Group LLC increased its position in shares of BlackRock by 100.0% in the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager's stock worth $33,000 after purchasing an additional 17 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF, IBIT, attracted approximately $110 million after a run of outflows, coinciding with Bitcoin’s rebound above $80,000. Renewed crypto demand could support fee revenue and sentiment toward BlackRock’s digital-asset platform. Bitcoin Back Above $80K, IBIT Breaks Outflow Spell
• Positive Sentiment: BlackRock is reportedly an anchor investor in a $40 billion SpaceX GPU-leasing arrangement designed to finance AI and cloud infrastructure. The role highlights potential growth in private-market and infrastructure investing as demand for AI capacity accelerates. BlackRock Lands Twin AI Roles
• Positive Sentiment: BlackRock is participating in Envestnet’s white-labeled model-management programs for registered investment advisors and broker-dealers. Wider distribution of BlackRock models could increase assets under management and recurring fee revenue. Envestnet Custom Model Solutions
• Positive Sentiment: BlackRock Japan signed an agreement with SBI Holdings and Startale Group to explore linking tokenized money-market funds with a yen-pegged stablecoin. The initiative could create new distribution and settlement channels for BlackRock’s tokenized products. BlackRock Japan Explores Yen Stablecoin
• Neutral Sentiment: BlackRock filed for a Bitcoin ETF offering downside protection in exchange for capped upside. The product broadens its crypto lineup, although near-term revenue impact and investor demand remain uncertain. BlackRock Announces a New Bitcoin ETF
• Neutral Sentiment: BlackRock Canada announced routine cash distributions for the iShares Premium Money Market ETF, while new fund mandates from iA Financial Group provide additional product distribution but are unlikely to materially affect BLK’s near-term results.

BlackRock Stock Performance

BlackRock stock opened at $1,135.14 on Wednesday. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,187.17. The stock has a market capitalization of $175.80 billion, a P/E ratio of 25.81 and a beta of 1.41. The stock has a fifty day moving average of $1,103.33 and a 200-day moving average of $1,062.94.

BlackRock (NYSE:BLK - Get Free Report) last announced 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. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the prior year, the company earned $8.43 earnings per share. BlackRock's quarterly revenue was up 19.1% compared to the same quarter last year. On average, research analysts forecast that BlackRock will post 57.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLK has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of BlackRock from $1,468.00 to $1,531.00 and gave the stock an "overweight" rating in a research report on Thursday, October 15th. UBS Group increased their price objective on shares of BlackRock from $1,277.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, October 15th. Keefe, Bruyette & Woods raised their target price on shares of BlackRock from $1,290.00 to $1,310.00 and gave the company an "outperform" rating in a report on Thursday, October 15th. TD Cowen upgraded shares of BlackRock from a "hold" rating to a "buy" rating and boosted their target price for the company from $1,212.00 to $1,405.00 in a research report on Tuesday, October 20th. Finally, Evercore reaffirmed an "outperform" rating and set a $1,275.00 price target (down from $1,300.00) on shares of BlackRock in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, BlackRock has an average rating of "Moderate Buy" and a consensus price target of $1,337.19.

BlackRock Profile

BlackRock, Inc is a global investment management and financial technology company headquartered in New York. Founded in 1988, the company provides investment, technology and advisory services to institutional and individual investors, governments, foundations and other clients worldwide.

BlackRock offers a broad range of investment products and strategies, including equity and fixed-income funds, index funds, exchange-traded funds through its iShares business, multi-asset portfolios, cash-management products and alternative investments.

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