7,442 BlackRock $BLK Shares Purchased by NFSG Corp

Key Points

• NFSG Corp dramatically increased its BlackRock position by purchasing 7,442 additional shares in the third quarter, bringing its total to 7,537 shares valued at approximately $7.98 million. Institutional investors now own 80.69% of BlackRock.
• BlackRock delivered better-than-expected quarterly results, reporting EPS of $15.93 versus the $14.32 consensus and revenue of $7.75 billion, up 19.1% year over year. The company also maintains a quarterly dividend of $5.73 per share, representing a 2.0% yield.
• Analyst sentiment remains positive: BlackRock has a “Moderate Buy” consensus rating and an average price target of $1,312.06, while recent targets were raised as analysts cited strong inflows, record assets under management and growth opportunities in ETFs, private markets and technology.

NFSG Corp raised its position in BlackRock (NYSE:BLK - Free Report) by 7,833.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,537 shares of the asset manager's stock after buying an additional 7,442 shares during the period. BlackRock comprises approximately 0.8% of NFSG Corp's holdings, making the stock its 29th largest holding. NFSG Corp's holdings in BlackRock were worth $7,976,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in shares of BlackRock by 40.0% in the 3rd quarter. Activest Wealth Management now owns 42 shares of the asset manager's stock valued at $44,000 after purchasing an additional 12 shares during the period. Guyasuta Investment Advisors Inc. grew its stake in shares of BlackRock by 395.3% during the third quarter. Guyasuta Investment Advisors Inc. now owns 2,536 shares of the asset manager's stock worth $2,684,000 after purchasing an additional 2,024 shares during the period. V Square Quantitative Management LLC grew its stake in shares of BlackRock by 4.4% during the third quarter. V Square Quantitative Management LLC now owns 3,090 shares of the asset manager's stock worth $3,270,000 after purchasing an additional 130 shares during the period. AdvisorNet Financial Inc grew its stake in shares of BlackRock by 707.1% during the third quarter. AdvisorNet Financial Inc now owns 5,464 shares of the asset manager's stock worth $5,782,000 after purchasing an additional 4,787 shares during the period. Finally, Harrell Investment Partners LLC bought a new stake in BlackRock in the third quarter valued at about $211,000. 80.69% of the stock is currently owned by institutional investors.

BlackRock Trading Up 4.6%

BLK opened at $1,123.32 on Friday. The firm's fifty day moving average is $1,106.32 and its two-hundred day moving average is $1,062.35. The firm has a market cap of $173.97 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,209.89. 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 announced its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.42 billion. During the same quarter in the previous year, the business earned $8.43 EPS. The firm's revenue was up 19.1% on a year-over-year basis. Equities research analysts anticipate that BlackRock will post 55.70 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock's dividend payout ratio (DPR) is presently 52.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore reissued an "outperform" rating and issued a $1,275.00 target price on shares of BlackRock in a research note on Friday, October 9th. Keefe, Bruyette & Woods raised their target price on BlackRock from $1,290.00 to $1,310.00 and gave the stock an "outperform" rating in a report on Thursday. The Goldman Sachs Group restated a "buy" rating and set a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Finally, UBS Group upped their price target on BlackRock from $1,277.00 to $1,300.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average 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 Q3 beat: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus, while revenue rose 19.1% year over year to $7.75 billion, ahead of the $7.42 billion estimate. BlackRock Q3 earnings report
• Positive Sentiment: Record inflows and AUM: The firm attracted approximately $205 billion in quarterly net inflows, helping assets under management reach about $15.5 trillion. Strong demand for iShares ETFs, fixed-income products and private-market strategies supports recurring fee growth. BlackRock Q3 profit rises on inflows
• Positive Sentiment: Analysts raised targets: JPMorgan lifted its price target to $1,449 with an overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 and maintained an outperform rating. Bank of America also reiterated a buy rating and raised its target to $1,313. Analysts raise BlackRock forecasts
• Positive Sentiment: Growth initiatives: Management highlighted AI infrastructure financing, technology revenue, margin expansion and fundraising in private markets as potential drivers of future growth, including a developing opportunity in the compute market. BlackRock earnings call on AI financing
• Neutral Sentiment: Crypto exposure remains mixed: BlackRock’s crypto ETF assets reportedly increased sharply during the quarter, but bitcoin and ether ETFs subsequently recorded roughly $391 million in combined one-day outflows, creating near-term sentiment risk. Bitcoin and Ether ETF flows
• Negative Sentiment: Macro and execution risks: CEO Larry Fink warned that halting data-center construction could damage growth and trigger a recession. BlackRock is also reducing U.S. stock exposure in favor of Treasuries, while UBS expects the firm to exit several 2030 targets early—potentially signaling that some long-term goals may be difficult to achieve. Larry Fink data-center warning

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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