2,632 Shares in BlackRock $BLK Purchased by NBT Bank N.A.

Key Points

• NBT Bank acquired 2,632 BlackRock shares worth approximately $2.8 million during the third quarter. Institutional investors and hedge funds collectively own 80.69% of BlackRock.
• BlackRock reported strong quarterly results, with $15.93 in earnings per share and $7.75 billion in revenue, exceeding analyst expectations; revenue increased 19.1% year over year.
• Analyst sentiment remains positive, with TD Cowen upgrading the stock to Buy and several firms raising price targets. Bitcoin ETF inflows and the launch of a robotics ETF support growth prospects, though CEO Larry Fink warned that data-center construction delays could pressure the economy.

NBT Bank N.A. purchased a new stake in BlackRock (NYSE:BLK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,632 shares of the asset manager's stock, valued at approximately $2,785,000.

Several other large investors have also recently made changes to their positions in BLK. Advisors Capital Management LLC acquired a new position in BlackRock during the second quarter worth $33,847,000. Varma Mutual Pension Insurance Co purchased a new position in shares of BlackRock during the second quarter worth $28,185,000. Haverford Trust Co purchased a new position in shares of BlackRock during the second quarter worth $264,500,000. Liberty One Investment Management LLC boosted its position in shares of 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 during the period. Finally, Basswood Capital Management L.L.C. acquired a new stake in shares of BlackRock in the second quarter valued at $23,122,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $524.8 million of inflows on October 21, with BlackRock and Fidelity accounting for most of the buying. Continued demand for BlackRock’s Bitcoin ETF could support fee revenue and asset growth. Bitcoin ETFs Draw $524.8 Million As BlackRock And Fidelity Lead
• Positive Sentiment: BlackRock launched the actively managed iShares Future Robotics and Related Technologies ETF (RBTX), expanding its AI-themed product lineup and potentially opening a new source of management fees as investor interest in robotics grows. BlackRock Introduces Active Robotics ETF
• Positive Sentiment: TD Cowen reportedly upgraded BlackRock to Buy, citing a third-quarter inflection. The action reinforces the view that improving operating trends and strong recent earnings could support further upside. BlackRock raised to Buy at TD Cowen
• Neutral Sentiment: BlackRock’s HPS Investment Partners plans to invest up to $434.6 million in TBS Energi Utama. The transaction highlights private-market expansion but its direct earnings impact is unclear. BlackRock's HPS Investment Partners Investment
• Neutral Sentiment: Ethereum ETFs returned to a modest $14.9 million net inflow after five sessions of outflows, although BlackRock’s ETHA continued to experience withdrawals. Ethereum ETFs Break Five-Day Outflow Run
• Negative Sentiment: CEO Larry Fink warned that delays in data-center construction could raise computing costs, fuel inflation and threaten economic growth, potentially pushing the U.S. toward recession. The comments raise concerns about broader market conditions and the pace of AI-related asset growth. Larry Fink Warns Data Center Slowdown Could Push US Into Recession

Wall Street Analyst Weigh In

Several research firms recently issued reports on BLK. Weiss Ratings downgraded BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Morgan Stanley increased their target price on BlackRock from $1,468.00 to $1,531.00 and gave the stock an "overweight" rating in a research note on Thursday, October 15th. TD Cowen upgraded BlackRock from a "hold" rating to a "buy" rating and raised their target price for the company from $1,212.00 to $1,405.00 in a report on Tuesday. BMO Capital Markets lifted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a research report on Monday. Finally, BNP Paribas Exane boosted their price target on shares of BlackRock from $1,370.00 to $1,430.00 and gave the stock an "outperform" rating in a research note on Thursday, October 15th. One 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. Based on data from MarketBeat, BlackRock presently has a consensus rating of "Moderate Buy" and an average target price of $1,337.19.

BlackRock Stock Down 1.1%

BLK stock opened at $1,137.00 on Friday. The company's 50 day moving average price is $1,104.55 and its 200 day moving average price is $1,068.59. The firm has a market capitalization of $176.09 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.20 and a beta of 1.41. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,187.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the previous year, the firm earned $8.43 earnings per share. The firm's quarterly revenue was up 19.1% on a year-over-year basis. On average, equities research analysts anticipate that BlackRock will post 57.47 EPS for the current fiscal year.

BlackRock Company 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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