2,032 BlackRock $BLK Shares Purchased by Monument Capital Management

Key Points

• Monument Capital Management increased its BlackRock holdings by 800% in the third quarter, purchasing 2,032 additional shares for a total position valued at approximately $2.42 million.
• Institutional investors and hedge funds own 80.69% of BlackRock shares, while Wall Street maintains a “Moderate Buy” consensus with an average price target of $1,303.35.
• BlackRock recently reported better-than-expected quarterly earnings and revenue growth, and pays a quarterly dividend of $5.73, equivalent to a 2.1% annualized yield.

Monument Capital Management raised its holdings in BlackRock (NYSE:BLK - Free Report) by 800.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,286 shares of the asset manager's stock after buying an additional 2,032 shares during the quarter. Monument Capital Management's holdings in BlackRock were worth $2,419,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Advisors Capital Management LLC bought a new position in shares of BlackRock during the 2nd quarter worth about $33,847,000. Varma Mutual Pension Insurance Co bought a new stake in shares of BlackRock in the second quarter valued at about $28,185,000. Haverford Trust Co acquired a new stake in BlackRock during the second quarter worth about $264,500,000. Liberty One Investment Management LLC grew its position in BlackRock by 30.7% during the first quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock worth $4,675,000 after buying an additional 1,141 shares in the last quarter. Finally, Basswood Capital Management L.L.C. bought a new position in BlackRock during the second quarter valued at about $23,122,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on BLK. 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 report on Tuesday. Bank of America boosted their price objective on BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Morgan Stanley cut their target price 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. Weiss Ratings cut BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods upgraded shares of BlackRock from a "hold" rating to a "moderate buy" rating in a research note on Wednesday. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,303.35.

BlackRock News Roundup

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%

NYSE BLK opened at $1,067.09 on Friday. 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 stock's 50 day moving average is $1,110.01 and its two-hundred day moving average is $1,058.13. The company has a market capitalization of $165.26 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.21 and a beta of 1.41. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. The business had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.BlackRock's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.05 EPS. Equities analysts forecast that BlackRock will post 55.73 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. Shareholders of record on Tuesday, September 8th were given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock's dividend payout ratio is 54.78%.

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.

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