ARS Wealth Advisors Group LLC Acquires 2,764 Shares of BlackRock $BLK

Key Points

• ARS Wealth Advisors Group more than doubled its BlackRock stake in the third quarter, acquiring 2,764 additional shares for a total of 5,166 shares valued at approximately $5.47 million. Institutional investors and hedge funds own 80.69% of BlackRock.
• BlackRock exceeded third-quarter earnings expectations, reporting $15.93 in EPS and $7.75 billion in revenue, up 19.1% year over year. The company also declared a quarterly dividend of $5.73 per share, representing a 2.0% yield.
• Analysts maintain a generally positive outlook, with BlackRock receiving a consensus “Moderate Buy” rating and an average price target of $1,312.06; recent targets range from $1,212 to $1,310.

ARS Wealth Advisors Group LLC boosted its holdings in BlackRock (NYSE:BLK - Free Report) by 115.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,166 shares of the asset manager's stock after acquiring an additional 2,764 shares during the period. ARS Wealth Advisors Group LLC's holdings in BlackRock were worth $5,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. RMG Wealth Management LLC acquired a new position in shares of BlackRock in the first quarter valued at $25,000. Addison Advisors LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of BlackRock during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of BlackRock during the 2nd quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC boosted its holdings in shares of BlackRock by 100.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager's stock worth $33,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

Analysts Set New Price Targets

BLK has been the topic of several research analyst reports. Zacks Research cut shares of BlackRock from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Truist Financial set a $1,310.00 price objective on BlackRock in a report on Thursday. Wells Fargo & Company boosted their price objective on BlackRock from $1,230.00 to $1,250.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group upped their target price on BlackRock from $1,277.00 to $1,300.00 and gave the company a "buy" rating in a research report on Thursday. Finally, TD Cowen increased their target price on BlackRock from $1,190.00 to $1,212.00 and gave the stock a "hold" rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,312.06.

BlackRock Stock Up 1.1%

NYSE BLK opened at $1,133.07 on Friday. The business has a fifty day moving average price of $1,106.23 and a two-hundred day moving average price of $1,062.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,187.17. The stock has a market capitalization of $175.48 billion, a PE ratio of 20.18, a PEG ratio of 1.23 and a beta of 1.41.

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, beating the consensus estimate of $14.32 by $1.61. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter last year, the company posted $8.43 EPS. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. Equities analysts expect that BlackRock will post 56.28 earnings per share for the current fiscal year.

BlackRock Announces Dividend

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

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery
• Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story
• Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock
• Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market
• Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings.
• Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows
• Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs

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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