248,092 BlackRock $BLK Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC decreased its holdings in BlackRock (NYSE:BLK - Free Report) by 97.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,993 shares of the asset manager's stock after selling 248,092 shares during the quarter. BlackRock comprises approximately 0.5% of Curated Wealth Partners LLC's portfolio, making the stock its 23rd biggest position. Curated Wealth Partners LLC's holdings in BlackRock were worth $6,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BLK. Mainsail Asset Management LLC grew its holdings in BlackRock by 19.5% in the third quarter. Mainsail Asset Management LLC now owns 312 shares of the asset manager's stock worth $337,000 after purchasing an additional 51 shares during the period. Nvwm LLC lifted its stake in shares of BlackRock by 230.0% in the third quarter. Nvwm LLC now owns 264 shares of the asset manager's stock worth $279,000 after buying an additional 184 shares in the last quarter. Covenant Asset Management LLC increased its position in shares of BlackRock by 99.7% during the third quarter. Covenant Asset Management LLC now owns 5,328 shares of the asset manager's stock valued at $5,639,000 after acquiring an additional 2,660 shares in the last quarter. Viking Fund Management LLC lifted its position in BlackRock by 60.0% in the 3rd quarter. Viking Fund Management LLC now owns 8,000 shares of the asset manager's stock valued at $8,466,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of BlackRock by 0.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 69,326 shares of the asset manager's stock worth $73,367,000 after purchasing an additional 423 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Trading Up 3.2%

Shares of NYSE BLK traded up $34.87 during trading hours on Thursday, reaching $1,108.66. The stock had a trading volume of 423,894 shares, compared to its average volume of 736,571. The firm has a market cap of $171.70 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.20 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. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,209.89. The business's fifty day moving average price is $1,106.43 and its two-hundred day moving average price is $1,061.02.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, beating the consensus estimate of $14.32 by $1.61. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.42 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.43 EPS. Analysts expect that BlackRock will post 55.70 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm 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. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock's dividend payout ratio is 54.78%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group restated a "buy" rating and set a $1,300.00 price objective on shares of BlackRock in a research report on Thursday. Truist Financial set a $1,310.00 price target on shares of BlackRock in a research report on Thursday. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,389.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $1,258.00 price target on shares of BlackRock in a report on Thursday, July 16th. Finally, BMO Capital Markets raised their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,312.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong quarterly results: BlackRock reported adjusted EPS of $15.93 versus the $14.32 consensus estimate, while revenue rose 19.1% year over year to $7.75 billion, exceeding expectations. Net income and profit also benefited from resilient markets, higher performance fees and technology revenue growth. BlackRock profit jumps as resilient markets boost fees
• Positive Sentiment: Record AUM and inflows: Assets under management reached approximately $15.5 trillion after $205 billion of quarterly net inflows, including about $135 billion into ETFs. Strong demand across iShares, fixed income, institutional strategies and private markets supports recurring fee revenue and organic growth. How record ETF inflows and earnings strength will impact BlackRock investors
• Positive Sentiment: Growth opportunities and analyst support: Management highlighted AI infrastructure financing, tokenization, private-market fundraising and higher-fee products as potential long-term growth drivers. Keefe, Bruyette & Woods raised its price target to $1,310 with an outperform rating, while Bank of America raised its target to $1,313 and reiterated Buy. BLK Q3 earnings call puts AI financing and fees in focus
• Neutral Sentiment: AI exposure is both an opportunity and a debate: CEO Larry Fink said continued data-center investment could support economic growth, but his comments may attract scrutiny because BlackRock could benefit financially from AI-related infrastructure financing.
• Negative Sentiment: Market and flow risks remain: Bitcoin and ether ETFs recorded roughly $391 million in combined outflows, including reversals at BlackRock, while the firm has reduced U.S. stock exposure in favor of Treasuries. Higher yields, inflation uncertainty and potential weakness in risk assets could pressure fee revenue and asset valuations. Bitcoin and Ether ETFs lose $391 million

BlackRock 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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