BlackRock $BLK Shares Purchased by Guyasuta Investment Advisors Inc.

Key Points

• Guyasuta Investment Advisors increased its BlackRock stake by 395.3% in the third quarter, buying 2,024 additional shares for a total holding valued at approximately $2.68 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported a strong quarter, with EPS of $15.93 beating estimates of $14.32 and revenue rising 19.1% year over year to $7.75 billion. The firm also attracted roughly $205 billion in net inflows, lifting assets under management to about $15.5 trillion.
• Shares opened at $1,123.32, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $1,312.06. BlackRock also pays an annualized dividend of $22.92, yielding about 2.0%.

Guyasuta Investment Advisors Inc. lifted its stake in BlackRock (NYSE:BLK - Free Report) by 395.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,536 shares of the asset manager's stock after purchasing an additional 2,024 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in BlackRock were worth $2,684,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in BlackRock in the 2nd quarter valued at about $9,747,857,000. Corient Private Wealth LLC grew its stake in BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after acquiring an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd increased its position 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 worth $5,126,387,000 after acquiring an additional 237,667 shares during the period. Bank of America Corp DE increased its position in shares of BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager's stock worth $5,032,603,000 after acquiring an additional 35,069 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of BlackRock by 23.3% during the second quarter. Wellington Management Group LLP now owns 4,495,074 shares of the asset manager's stock worth $4,322,283,000 after acquiring an additional 850,406 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock Stock Up 4.6%

Shares of BlackRock stock opened at $1,123.32 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. The company has a market cap of $173.97 billion, a P/E ratio of 25.54, a PEG ratio of 1.21 and a beta of 1.41. The firm's 50 day moving average price is $1,106.32 and its 200-day moving average price is $1,062.35. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,209.89.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same period last year, the firm earned $8.43 earnings per share. BlackRock's revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts predict that BlackRock will post 55.70 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $5.73 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. BlackRock's dividend payout ratio (DPR) is 52.11%.

Analyst Ratings Changes

Several research analysts recently issued reports on BLK shares. BNP Paribas Exane increased their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 23rd. Barclays decreased their target price on BlackRock from $1,420.00 to $1,410.00 and set an "overweight" rating for the company in a research report on Thursday. BMO Capital Markets increased 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 raised their price target on BlackRock from $1,230.00 to $1,250.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Zacks Research downgraded 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, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and an average target price of $1,312.06.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 beat: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus, while revenue rose 19.1% year over year to $7.75 billion, ahead of the $7.42 billion estimate. BlackRock Q3 earnings report
• Positive Sentiment: Record inflows and AUM: The firm attracted approximately $205 billion in quarterly net inflows, helping assets under management reach about $15.5 trillion. Strong demand for iShares ETFs, fixed-income products and private-market strategies supports recurring fee growth. BlackRock Q3 profit rises on inflows
• Positive Sentiment: Analysts raised targets: JPMorgan lifted its price target to $1,449 with an overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 and maintained an outperform rating. Bank of America also reiterated a buy rating and raised its target to $1,313. Analysts raise BlackRock forecasts
• Positive Sentiment: Growth initiatives: Management highlighted AI infrastructure financing, technology revenue, margin expansion and fundraising in private markets as potential drivers of future growth, including a developing opportunity in the compute market. BlackRock earnings call on AI financing
• Neutral Sentiment: Crypto exposure remains mixed: BlackRock’s crypto ETF assets reportedly increased sharply during the quarter, but bitcoin and ether ETFs subsequently recorded roughly $391 million in combined one-day outflows, creating near-term sentiment risk. Bitcoin and Ether ETF flows
• Negative Sentiment: Macro and execution risks: CEO Larry Fink warned that halting data-center construction could damage growth and trigger a recession. BlackRock is also reducing U.S. stock exposure in favor of Treasuries, while UBS expects the firm to exit several 2030 targets early—potentially signaling that some long-term goals may be difficult to achieve. Larry Fink data-center warning

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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