BlackRock $BLK Stock Holdings Raised by CoreCap Advisors LLC

Key Points

• CoreCap Advisors increased its BlackRock position by 968.1% in the third quarter, purchasing 3,427 additional shares for a total holding of 3,781 shares valued at approximately $4.0 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported quarterly EPS of $13.91, surpassing estimates of $12.69, while revenue rose 30.6% year over year to $7.08 billion. The company also paid a quarterly dividend of $5.73 per share, equivalent to a 2.1% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,303.35, despite several recent target-price reductions. BlackRock shares opened at $1,067.09, below their 52-week high of $1,219.94.

CoreCap Advisors LLC boosted its position in BlackRock (NYSE:BLK - Free Report) by 968.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,781 shares of the asset manager's stock after purchasing an additional 3,427 shares during the quarter. CoreCap Advisors LLC's holdings in BlackRock were worth $4,001,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BLK. RMG Wealth Management LLC bought a new position in BlackRock during the 1st quarter valued at approximately $25,000. Addison Advisors LLC bought a new stake in BlackRock in the second quarter worth $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of BlackRock in the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of BlackRock in the second quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of BlackRock during the fourth quarter valued at $36,000. Institutional investors own 80.69% of the company's stock.

BlackRock Trading Down 0.2%

Shares of BlackRock stock opened at $1,067.09 on Friday. The company has a market capitalization of $165.26 billion, a P/E ratio of 25.50, a P/E/G ratio of 1.21 and a beta of 1.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. The company has a fifty day moving average of $1,110.01 and a 200 day moving average of $1,058.13. 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 posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The business had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $6.73 billion. During the same period last year, the firm earned $12.05 earnings per share. The business's quarterly revenue was up 30.6% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock will post 55.73 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued 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 of this dividend was Tuesday, September 8th. BlackRock's dividend payout ratio (DPR) is 54.78%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays decreased their target price 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. Morgan Stanley decreased their price objective on shares of BlackRock from $1,488.00 to $1,479.00 and set an "overweight" rating for the company in a report on Friday, September 25th. BNP Paribas Exane lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a report on Tuesday, June 23rd. Zacks Research cut BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Finally, UBS Group dropped their target price on BlackRock from $1,320.00 to $1,277.00 and set a "buy" rating on the stock in a research report on Wednesday. One equities 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. According to data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and a consensus target price of $1,303.35.

More BlackRock News

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

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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