BlackRock $BLK Stock Bought by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC increased its BlackRock position by 137.2% in the third quarter, ending with 1,912 shares valued at approximately $2.02 million. Institutional investors collectively own 80.69% of the company.
• BlackRock exceeded quarterly earnings and revenue expectations, reporting $15.93 in EPS and $7.75 billion in revenue, with revenue up 19.1% year over year. Shares recently traded near $1,075, while the company paid a quarterly dividend of $5.73 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,309.88, despite several recent target-price reductions.

Sanders Morris Harris LLC grew its position in BlackRock (NYSE:BLK - Free Report) by 137.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,912 shares of the asset manager's stock after buying an additional 1,106 shares during the period. Sanders Morris Harris LLC's holdings in BlackRock were worth $2,023,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. RMG Wealth Management LLC bought a new position in BlackRock during the first quarter worth about $25,000. Addison Advisors LLC bought a new stake in shares of BlackRock in the second quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of BlackRock in the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of BlackRock during the second quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC raised its position in shares of BlackRock by 100.0% during the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager's stock worth $33,000 after purchasing an additional 17 shares during the period. Institutional investors own 80.69% of the company's stock.

BlackRock Stock Up 0.8%

Shares of BlackRock stock traded up $8.97 during trading on Wednesday, reaching $1,075.09. The stock had a trading volume of 1,093,505 shares, compared to its average volume of 738,370. The company has a market capitalization of $166.50 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.22 and a beta of 1.41. The stock has a fifty day moving average price of $1,107.58 and a two-hundred day moving average price of $1,060.27. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, beating analysts' consensus estimates of $14.32 by $1.61. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter last year, the firm earned $8.43 earnings per share. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. Sell-side analysts predict that BlackRock will post 55.69 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders 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 dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock's dividend payout ratio is currently 54.78%.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Broad earnings beat: BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue rose 19.1% year over year to $7.75 billion, above expectations. Adjusted EPS reportedly increased about 38% from the prior year. BlackRock third-quarter earnings report
• Positive Sentiment: Record scale and inflows: Assets under management reached approximately $15.5 trillion, supported by $205 billion of quarterly net inflows. ETFs accounted for roughly $135 billion, while demand for fixed income, institutional products and private markets also contributed to growth. Higher AUM and fee-generating assets support BlackRock’s future revenue potential. BlackRock pulls in $205 billion
• Positive Sentiment: Growth outlook remains constructive: Management expects momentum to continue into the seasonally strong fourth quarter, helped by iShares activity, private-markets fundraising, technology revenue and increasing exposure to AI infrastructure. BlackRock’s crypto ETF assets also reportedly rose 63% to about $80 billion. BlackRock expects strong fourth quarter
• Neutral Sentiment: CEO Larry Fink said a moratorium on data-center construction could damage U.S. economic growth, reflecting BlackRock’s substantial investment in the AI infrastructure buildout. The comments highlight both an investment opportunity and concentration risk tied to continued AI spending. Larry Fink warns data-center moratorium could trigger recession
• Negative Sentiment: BlackRock’s investment strategists have reduced their U.S. stock exposure and upgraded short-term Treasuries, citing attractive bond yields and expectations that markets have priced in too many Federal Reserve rate hikes. A hotter-than-expected CPI report and rising yields could pressure asset valuations and investor sentiment. BlackRock favors short-dated Treasuries

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on BlackRock from $1,479.00 to $1,468.00 and set an "overweight" rating for the company in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of BlackRock from $1,245.00 to $1,230.00 and set an "overweight" rating on the stock in a report on Thursday, October 8th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $1,389.00 price target on shares of BlackRock in a research note on Thursday, July 16th. BNP Paribas Exane upped their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Finally, Barclays reduced their price target on shares of BlackRock from $1,450.00 to $1,420.00 and set an "overweight" rating for the company in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,309.88.

BlackRock 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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