BlackRock $BLK Stock Position Raised by Howard Capital Management LLC

Key Points

• Howard Capital Management increased its BlackRock position by 478.8% in the third quarter, holding 6,095 shares worth approximately $6.45 million. Institutional investors collectively own 80.69% of BLK.
• BlackRock reported strong quarterly results, with adjusted EPS of $15.93 and revenue of $7.75 billion, surpassing analyst estimates and marking 19.1% year-over-year revenue growth.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and average price target of $1,312.06; shares recently traded at $1,133.07, while the company continues paying a $5.73 quarterly dividend.

Howard Capital Management LLC boosted its position in BlackRock (NYSE:BLK - Free Report) by 478.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,095 shares of the asset manager's stock after purchasing an additional 5,042 shares during the period. Howard Capital Management LLC's holdings in BlackRock were worth $6,450,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BLK. Advisors Capital Management LLC purchased a new position in BlackRock during the 2nd quarter valued at about $33,847,000. Varma Mutual Pension Insurance Co acquired a new position in BlackRock during the second quarter worth about $28,185,000. Haverford Trust Co acquired a new position in BlackRock during the second quarter worth about $264,500,000. Liberty One Investment Management LLC lifted its holdings in shares of BlackRock by 30.7% in the first quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager's stock valued at $4,675,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Basswood Capital Management L.L.C. purchased a new stake in shares of BlackRock in the second quarter valued at about $23,122,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Keefe, Bruyette & Woods upped their target price on BlackRock from $1,290.00 to $1,310.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group increased their target price on BlackRock from $1,277.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley lowered their target price on BlackRock from $1,479.00 to $1,468.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Evercore reissued an "outperform" rating and set a $1,275.00 price target on shares of BlackRock in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,312.06.

BlackRock News Roundup

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 Trading Up 1.1%

Shares of NYSE:BLK traded up $12.29 during trading on Friday, reaching $1,133.07. The stock had a trading volume of 1,172,342 shares, compared to its average volume of 587,276. The business has a fifty day moving average price of $1,106.23 and a 200-day moving average price of $1,062.85. 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 stock has a market cap of $175.48 billion, a P/E ratio of 25.76, a PEG ratio of 1.23 and a beta of 1.41. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,187.17.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results 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. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. BlackRock's revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $8.43 earnings per share. As a group, analysts anticipate that BlackRock will post 56.28 earnings per share 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 dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock's dividend payout ratio is currently 52.11%.

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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