BlackRock $BLK Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its BlackRock stake by 2% in the third quarter, purchasing 1,240 additional shares for a total holding valued at approximately $68.4 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported quarterly earnings of $15.93 per share, exceeding estimates of $14.32, while revenue rose 19.1% year over year to $7.75 billion.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $1,337.19, compared with shares trading at $1,135.14.

Asset Management One Co. Ltd. boosted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,611 shares of the asset manager's stock after buying an additional 1,240 shares during the period. Asset Management One Co. Ltd.'s holdings in BlackRock were worth $68,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Latitude Advisors LLC acquired a new position in BlackRock during the 3rd quarter valued at approximately $89,000. Balance Wealth Partners LLC purchased a new stake in shares of BlackRock in the 3rd quarter valued at $77,000. SYM FINANCIAL Corp boosted its holdings in BlackRock by 6.1% in the third quarter. SYM FINANCIAL Corp now owns 835 shares of the asset manager's stock valued at $883,000 after purchasing an additional 48 shares during the last quarter. Black Diamond Financial LLC boosted its stake in shares of BlackRock by 10.7% in the third quarter. Black Diamond Financial LLC now owns 414 shares of the asset manager's stock worth $438,000 after buying an additional 40 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of BlackRock by 25.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,695 shares of the asset manager's stock worth $12,377,000 after purchasing an additional 2,339 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Trading Up 0.7%

Shares of NYSE BLK opened at $1,135.14 on Wednesday. The business's fifty day simple moving average is $1,103.33 and its 200-day simple moving average is $1,062.94. The stock has a market cap of $175.80 billion, a P/E ratio of 25.81 and a beta of 1.41. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,187.17.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, topping analysts' consensus estimates of $14.32 by $1.61. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period in the prior year, the firm posted $8.43 earnings per share. The business's quarterly revenue was up 19.1% compared to the same quarter last year. On average, equities analysts forecast that BlackRock will post 57.82 EPS for the current fiscal year.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF, IBIT, attracted approximately $110 million after a run of outflows, coinciding with Bitcoin’s rebound above $80,000. Renewed crypto demand could support fee revenue and sentiment toward BlackRock’s digital-asset platform. Bitcoin Back Above $80K, IBIT Breaks Outflow Spell
• Positive Sentiment: BlackRock is reportedly an anchor investor in a $40 billion SpaceX GPU-leasing arrangement designed to finance AI and cloud infrastructure. The role highlights potential growth in private-market and infrastructure investing as demand for AI capacity accelerates. BlackRock Lands Twin AI Roles
• Positive Sentiment: BlackRock is participating in Envestnet’s white-labeled model-management programs for registered investment advisors and broker-dealers. Wider distribution of BlackRock models could increase assets under management and recurring fee revenue. Envestnet Custom Model Solutions
• Positive Sentiment: BlackRock Japan signed an agreement with SBI Holdings and Startale Group to explore linking tokenized money-market funds with a yen-pegged stablecoin. The initiative could create new distribution and settlement channels for BlackRock’s tokenized products. BlackRock Japan Explores Yen Stablecoin
• Neutral Sentiment: BlackRock filed for a Bitcoin ETF offering downside protection in exchange for capped upside. The product broadens its crypto lineup, although near-term revenue impact and investor demand remain uncertain. BlackRock Announces a New Bitcoin ETF
• Neutral Sentiment: BlackRock Canada announced routine cash distributions for the iShares Premium Money Market ETF, while new fund mandates from iA Financial Group provide additional product distribution but are unlikely to materially affect BLK’s near-term results.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company upped their price target on BlackRock from $1,230.00 to $1,250.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. TD Cowen raised shares of BlackRock from a "hold" rating to a "buy" rating and raised their price target for the stock from $1,212.00 to $1,405.00 in a research note on Tuesday, October 20th. Bank of America lowered their price objective on BlackRock from $1,320.00 to $1,287.00 in a research note on Monday, October 5th. UBS Group increased their price target on shares of BlackRock from $1,277.00 to $1,300.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. Finally, Jefferies Financial Group increased their price target on BlackRock from $1,222.00 to $1,260.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,337.19.

BlackRock 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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