BlackRock $BLK Position Increased by Stokes Capital Advisors LLC

Key Points

• Stokes Capital Advisors increased its BlackRock position by 411.5% in the third quarter, bringing its holdings to 2,808 shares valued at approximately $2.97 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported quarterly EPS of $13.91, exceeding estimates by $1.22, while revenue rose 30.6% year over year to $7.08 billion. The company also pays a $5.73 quarterly dividend, representing a 2.1% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,304.24, although valuation and potentially higher expenses remain key risks.

Stokes Capital Advisors LLC increased its position in BlackRock (NYSE:BLK - Free Report) by 411.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,808 shares of the asset manager's stock after purchasing an additional 2,259 shares during the quarter. Stokes Capital Advisors LLC's holdings in BlackRock were worth $2,972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. RMG Wealth Management LLC acquired a new position in shares of BlackRock during the 1st quarter worth approximately $25,000. Addison Advisors LLC bought a new position in BlackRock during the second quarter worth $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of BlackRock in the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock in the second quarter valued at about $30,000. Finally, Wilkerson Advisory Group LLC lifted its stake 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 last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock Trading Up 1.5%

Shares of BlackRock stock opened at $1,081.27 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a market capitalization of $167.46 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.20 and a beta of 1.41. The firm's 50-day moving average price is $1,109.77 and its two-hundred day moving average price is $1,058.29.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the previous year, the company earned $12.05 EPS. On average, analysts forecast that BlackRock will post 55.71 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a dividend of $5.73 per share. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock's dividend payout ratio is presently 54.78%.

Analysts Set New Price Targets

A number of research analysts recently commented on BLK shares. UBS Group decreased their price target on shares of BlackRock from $1,320.00 to $1,277.00 and set a "buy" rating on the stock in a research note on Wednesday. The Goldman Sachs Group restated a "buy" rating and set a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. BMO Capital Markets boosted their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Keefe, Bruyette & Woods raised BlackRock from a "hold" rating to a "moderate buy" rating in a research report on Wednesday. Finally, Zacks Research cut BlackRock from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,304.24.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BlackRock from “hold” to “moderate buy,” providing a fresh positive analyst signal. The upgrade likely reflects confidence in BlackRock’s earnings outlook and long-term asset-management growth. BlackRock analyst upgrade reference
• Positive Sentiment: Expectations for the upcoming third-quarter report are constructive. Analysts anticipate higher revenue, earnings and assets under management, while BlackRock’s strong earnings-surprise history and favorable Earnings ESP support the possibility of another consensus beat. BlackRock earnings beat outlook
• Positive Sentiment: Record assets under management, strategic acquisitions and demand for BlackRock’s products continue to support the growth narrative. The company’s recent earnings also showed substantial year-over-year revenue growth and a sizable EPS beat, reinforcing fundamental momentum. BlackRock growth and valuation analysis
• Neutral Sentiment: BlackRock disclosed a substantial voting stake in Qiagen (QGEN). The filing confirms an ownership position but does not, by itself, indicate a material change to BlackRock’s operating outlook. BlackRock voting stake in Qiagen
• Negative Sentiment: Valuation is a key risk after BlackRock’s multiyear share-price advance. Commentary describes the stock as fairly valued or trading at a premium, meaning additional gains may require continued improvement in returns, AUM and earnings. BlackRock valuation analysis
• Negative Sentiment: Expected increases in operating expenses and potentially lower performance fees could offset some of the benefit from higher revenue, earnings and AUM. Separately, substantial outflows from U.S. spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, may weigh on sentiment toward its digital-assets franchise. BlackRock third-quarter earnings risks

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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