BlackRock $BLK Shares Purchased by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors increased its BlackRock stake by 175.2% in the third quarter to 1,968 shares valued at approximately $2.08 million. Other institutional investors also expanded their positions, with institutions and hedge funds owning 80.69% of BLK.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,303.35, despite some rating downgrades and target-price reductions.
• BlackRock reported quarterly earnings and revenue above expectations, with EPS of $13.91 and revenue of $7.08 billion, while paying a quarterly dividend of $5.73 per share, equivalent to a 2.1% yield.

Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of BlackRock (NYSE:BLK - Free Report) by 175.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,968 shares of the asset manager's stock after buying an additional 1,253 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in BlackRock were worth $2,083,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of BlackRock by 358.3% during the third quarter. Farther Finance Advisors LLC now owns 20,102 shares of the asset manager's stock worth $21,274,000 after acquiring an additional 15,716 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in BlackRock by 968.1% in the third quarter. CoreCap Advisors LLC now owns 3,781 shares of the asset manager's stock valued at $4,001,000 after purchasing an additional 3,427 shares during the last quarter. Zevenbergen Capital Investments LLC grew its stake in BlackRock by 6.7% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 5,049 shares of the asset manager's stock valued at $5,343,000 after purchasing an additional 318 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in BlackRock by 590.4% during the 3rd quarter. YHB Investment Advisors Inc. now owns 22,253 shares of the asset manager's stock worth $23,550,000 after purchasing an additional 19,030 shares during the last quarter. Finally, Apella Capital LLC raised its position in shares of BlackRock by 1,202.0% in the 3rd quarter. Apella Capital LLC now owns 7,109 shares of the asset manager's stock valued at $7,523,000 after purchasing an additional 6,563 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLK has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Morgan Stanley cut their price target on shares of BlackRock from $1,488.00 to $1,479.00 and set an "overweight" rating on the stock in a report on Friday, September 25th. Weiss Ratings downgraded shares of BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. BMO Capital Markets boosted their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Finally, BNP Paribas Exane upped their target price 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. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,303.35.

BlackRock Trading Down 0.2%

NYSE BLK opened at $1,067.09 on Friday. 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 has a one year low of $917.39 and a one year high of $1,219.94. The company has a 50-day simple moving average of $1,110.01 and a 200-day simple moving average of $1,058.13. The firm has a market capitalization of $165.26 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for 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%. BlackRock's revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the company posted $12.05 earnings per share. On average, equities analysts forecast that BlackRock will post 55.73 earnings per share for the current year.

BlackRock Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock's dividend payout ratio is presently 54.78%.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s shares have gained 6.8% over the past six months, supported by record assets under management, strategic acquisitions, strong investment demand, and its diversified product lineup. However, analysts caution that the stock’s elevated valuation could limit additional upside. BLK Shares Rally 6.8% in Six Months: Is There Further Upside Left?
• Positive Sentiment: BlackRock is reportedly in exclusive discussions to acquire Stack Infrastructure’s Asia-Pacific data-center assets in a potential $20 billion-to-$25 billion transaction. The deal would increase exposure to AI and cloud infrastructure, though its size also raises execution and financing considerations. BlackRock in Exclusive Talks on $20 Billion Data Center Deal
• Positive Sentiment: BlackRock continues to promote growth in digital assets and tokenization, including tokenized money-market funds, stablecoins, Bitcoin, and AI-driven crypto payments. Its crypto portfolio reportedly increased by more than $291 million over four days, highlighting potential long-term fee and product opportunities. BlackRock’s Nikhil Sharma Pitches Tokenized Money Market Funds
• Neutral Sentiment: Fixed-income chief Rick Rieder said short-term bonds remain attractive and indicated a hawkish Federal Reserve positioning. Higher rates can support fixed-income demand but may pressure equity valuations and risk assets. BlackRock’s Rieder on Yield Curve and Federal Reserve Rate Hikes
• Negative Sentiment: U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows, with BlackRock’s iShares Bitcoin Trust accounting for $207.7 million. The withdrawals reduce near-term sentiment around crypto-related asset growth and fee revenue. US Bitcoin ETFs See $485 Million Outflow
• Negative Sentiment: BlackRock is scheduled to report quarterly results next week. While Wall Street expects earnings growth, a Zacks analysis says the company may lack the typical indicators for a significant earnings beat, increasing event risk for the stock. BlackRock Reports Next Week
• Negative Sentiment: The Rosen Law Firm is investigating potential securities claims involving BlackRock mutual funds, citing allegations of materially misleading business information. The announcement creates reputational and potential legal overhang, although it does not establish wrongdoing. BlackRock Investor News

About BlackRock

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.