BlackRock $BLK Stock Bought by Pension & Wealth Management Advisors Inc.

Key Points

• Pension & Wealth Management Advisors significantly increased its BlackRock position by acquiring 3,688 additional shares, bringing its holdings to 3,689 shares valued at approximately $3.9 million. Institutional investors collectively own 80.69% of BLK.
• BlackRock beat third-quarter earnings expectations, reporting adjusted EPS of $15.93 versus the $14.32 consensus and revenue of $7.75 billion, up 19.1% year over year. The firm also attracted roughly $205 billion in net new client assets, lifting assets under management to about $15.5 trillion.
• Analysts maintain a broadly positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,312.06. BlackRock also pays a quarterly dividend of $5.73 per share, equivalent to an annualized yield of about 2.0%.

Pension & Wealth Management Advisors Inc. increased its position in shares of BlackRock (NYSE:BLK - Free Report) by 368,800.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,689 shares of the asset manager's stock after acquiring an additional 3,688 shares during the period. BlackRock makes up about 0.9% of Pension & Wealth Management Advisors Inc.'s holdings, making the stock its 17th biggest position. Pension & Wealth Management Advisors Inc.'s holdings in BlackRock were worth $3,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BLK. RMG Wealth Management LLC bought a new position in BlackRock in the 1st quarter valued at $25,000. Addison Advisors LLC purchased a new position in shares of BlackRock during the 2nd quarter valued at $25,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of BlackRock in the second quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock in the second quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of BlackRock in the fourth quarter worth $36,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery
• Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story
• Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock
• Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market
• Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings.
• Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows
• Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs

BlackRock Price Performance

Shares of NYSE:BLK traded up $12.29 during trading on Friday, reaching $1,133.07. The company had a trading volume of 1,172,342 shares, compared to its average volume of 587,276. The company has a fifty day moving average of $1,106.23 and a two-hundred day moving average of $1,062.85. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $175.48 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.23 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 posted its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $8.43 EPS. The firm's revenue was up 19.1% compared to the same quarter last year. Equities research analysts forecast that BlackRock will post 56.28 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $5.73 per share. 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 presently 52.11%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial set a $1,310.00 price objective on BlackRock in a research note on Thursday. Barclays reduced 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. Morgan Stanley decreased their target price on BlackRock from $1,479.00 to $1,468.00 and set an "overweight" rating on the stock in a research note on Tuesday. Bank of America raised their price target on BlackRock from $1,298.00 to $1,320.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Finally, Weiss Ratings downgraded BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,312.06.

BlackRock Company 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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