BlackRock $BLK Shares Purchased by Apella Capital LLC

Key Points

• Apella Capital LLC increased its BlackRock stake by 1,202% in the third quarter, ending with 7,109 shares valued at approximately $7.5 million. Other institutional investors also raised their holdings, with institutions and hedge funds owning 80.69% of BLK.
• Analysts maintain a generally positive outlook, with 14 Buy ratings, one Strong Buy, and three Holds. BlackRock has a consensus rating of Moderate Buy and an average price target of $1,303.35.
• BlackRock’s latest quarterly results exceeded expectations, with earnings of $13.91 per share and revenue of $7.08 billion, up 30.6% year over year. The company also declared a quarterly dividend of $5.73, representing a 2.1% annualized yield.

Apella Capital LLC increased its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 1,202.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,109 shares of the asset manager's stock after buying an additional 6,563 shares during the quarter. Apella Capital LLC's holdings in BlackRock were worth $7,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BLK. Everhart Financial Group Inc. increased its holdings in shares of BlackRock by 872.0% during the third quarter. Everhart Financial Group Inc. now owns 11,927 shares of the asset manager's stock valued at $12,622,000 after acquiring an additional 10,700 shares in the last quarter. Gradient Investments LLC acquired a new stake in BlackRock in the 3rd quarter worth approximately $209,000. Avidian Wealth Enterprises LLC boosted its stake in BlackRock by 79.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,541 shares of the asset manager's stock worth $7,981,000 after purchasing an additional 3,348 shares in the last quarter. New Covenant Trust Company N.A. grew its position in BlackRock by 807.3% during the 3rd quarter. New Covenant Trust Company N.A. now owns 2,250 shares of the asset manager's stock worth $2,381,000 after purchasing an additional 2,002 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its position in BlackRock by 3.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 13,331 shares of the asset manager's stock worth $14,092,000 after purchasing an additional 496 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLK has been the subject of several research reports. BNP Paribas Exane lifted their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 23rd. Zacks Research lowered BlackRock from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. BMO Capital Markets lifted their price target on BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Wells Fargo & Company dropped their price target on BlackRock from $1,245.00 to $1,230.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $1,389.00 price target on shares of BlackRock in a research note on Thursday, July 16th. One research 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's stock. Based on data from MarketBeat, BlackRock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,303.35.

BlackRock Stock Performance

NYSE BLK opened at $1,067.09 on Friday. The firm has a market capitalization of $165.26 billion, a P/E ratio of 25.50, a PEG ratio of 1.21 and a beta of 1.41. The stock has a 50-day simple moving average of $1,110.01 and a two-hundred day simple moving average of $1,058.13. 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 fifty-two week low of $917.39 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. During the same period last year, the business earned $12.05 earnings per share. BlackRock's quarterly revenue was up 30.6% on a year-over-year basis. On average, equities analysts forecast that BlackRock will post 55.73 earnings per share for the current year.

BlackRock Dividend Announcement

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

Key Headlines Impacting 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.

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