BlackRock $BLK Shares Acquired by Avidian Wealth Enterprises LLC

Key Points

• Avidian Wealth Enterprises increased its BlackRock holdings by 79.8% in the third quarter, owning 7,541 shares valued at approximately $8.0 million. Institutional investors collectively hold 80.69% of BlackRock’s outstanding stock.
• BlackRock reported strong recent financial results, with quarterly revenue rising 30.6% year over year to $7.08 billion and EPS of $13.91, exceeding analyst estimates. The company also maintains a $5.73 quarterly dividend, equivalent to a 2.1% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,303.35, although risks include recent Bitcoin ETF outflows, potential legal claims, and limited earnings-estimate momentum ahead of the next report.

Avidian Wealth Enterprises LLC raised its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 79.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,541 shares of the asset manager's stock after acquiring an additional 3,348 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in BlackRock were worth $7,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Santa Clara Valley Transportation Authority acquired a new stake in BlackRock during the 2nd quarter valued at $129,138,253,000. BlackRock Inc. acquired a new position in shares of BlackRock in the second quarter worth $9,747,857,000. State Street Corp lifted its position in shares of BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock valued at $6,705,193,000 after acquiring an additional 33,752 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock valued at $5,876,618,000 after acquiring an additional 5,386,640 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its stake in shares of BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock valued at $5,126,387,000 after acquiring an additional 237,667 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and its partners are reportedly in exclusive talks to acquire Stack Infrastructure’s Asia-Pacific data-center assets in a potential $20 billion-to-$25 billion transaction. The deal would expand BlackRock’s exposure to AI and cloud infrastructure, although it could also require substantial capital. BlackRock in talks on data center deal
• Positive Sentiment: BlackRock’s digital-asset franchise remains a growth driver: its spot Bitcoin ETFs have become the world’s largest pool of Bitcoin holdings, while executives continue promoting tokenized money-market funds, stablecoins and potential AI-related crypto payments. These initiatives could support future fee growth and asset gathering. Bitcoin ETFs reach 1,000 days
• Positive Sentiment: Several BlackRock products have recently outperformed competing funds, including an income strategy that beat JEPI and a semiconductor fund that outpaced SMH over the past year. Strong performance can help attract new client assets, though past performance may not persist. BlackRock income fund performance
• Neutral Sentiment: Fixed-income CIO Rick Rieder said short-term bonds remain attractive and indicated he is positioned for a hawkish Federal Reserve. Higher yields may benefit fixed-income demand, but persistent rate hikes can pressure equity valuations and economic activity. BlackRock’s Rieder on rates
• Negative Sentiment: U.S. spot Bitcoin ETFs recorded approximately $485 million in net outflows, with BlackRock’s iShares Bitcoin Trust accounting for $207.7 million. The withdrawals reversed October’s previous inflows and directly weaken near-term sentiment toward BlackRock’s fastest-growing product area. Bitcoin ETF outflows
• Negative Sentiment: Analysts expect earnings growth in BlackRock’s upcoming report, but some commentary says the company lacks the typical combination of positive earnings revisions and estimate momentum associated with a likely beat. That creates a near-term catalyst risk. BlackRock earnings expectations
• Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging potentially misleading business information. The announcement is preliminary, but it adds reputational and legal overhang. BlackRock investor investigation

BlackRock Trading Down 0.1%

Shares of BLK stock traded down $1.47 during mid-day trading on Thursday, reaching $1,068.16. The company's stock had a trading volume of 170,168 shares, compared to its average volume of 739,490. The company's 50 day simple moving average is $1,110.65 and its 200-day simple moving average is $1,057.36. The firm has a market capitalization of $165.43 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. 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 (NYSE:BLK - Get Free Report) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the firm earned $12.05 earnings per share. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. On average, research analysts predict that BlackRock will post 55.73 EPS for the current fiscal year.

BlackRock Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on BLK shares. BMO Capital Markets boosted their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. BNP Paribas Exane upped their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods lowered shares of BlackRock from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $1,258.00 price target on shares of BlackRock in a report on Thursday, July 16th. Finally, Barclays reduced their price target on BlackRock from $1,450.00 to $1,420.00 and set an "overweight" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BlackRock has an average rating of "Moderate Buy" and a consensus price target of $1,303.35.

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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