BlackRock $BLK Stock Purchased by Vann Equity Management LLC

Key Points

• Vann Equity Management increased its BlackRock stake by 459% in the third quarter, holding 1,610 shares valued at approximately $1.7 million. Institutional investors collectively own 80.69% of BlackRock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,304.24; JPMorgan recently raised its target to $1,435, while several firms reduced their targets.
• BlackRock exceeded quarterly expectations with $13.91 in EPS and $7.08 billion in revenue, up 30.6% year over year. The company also pays a $5.73 quarterly dividend, equivalent to a 2.1% annualized yield.

Vann Equity Management LLC grew its stake in shares of BlackRock (NYSE:BLK - Free Report) by 459.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,610 shares of the asset manager's stock after purchasing an additional 1,322 shares during the period. BlackRock makes up 1.0% of Vann Equity Management LLC's investment portfolio, making the stock its 20th largest holding. Vann Equity Management LLC's holdings in BlackRock were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BLK. RMG Wealth Management LLC bought a new stake in BlackRock during the 1st quarter valued at approximately $25,000. Addison Advisors LLC bought a new position in shares of BlackRock in the 2nd quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of BlackRock in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of BlackRock in the 2nd quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BLK shares. Barclays decreased their price objective on BlackRock from $1,450.00 to $1,420.00 and set an "overweight" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods downgraded shares of BlackRock from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,389.00 price target on shares of BlackRock in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of BlackRock from $1,364.00 to $1,435.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, UBS Group cut their price objective on shares of BlackRock from $1,320.00 to $1,277.00 and set a "buy" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,304.24.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,068.41 on Thursday. The business has a fifty day moving average price of $1,110.65 and a 200-day moving average price of $1,057.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market capitalization of $165.46 billion, a PE ratio of 25.54, a PEG ratio of 1.22 and a beta of 1.41. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. BlackRock's revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.05 EPS. As a group, equities analysts expect that BlackRock will post 55.73 EPS for the current fiscal year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued 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 dividend yield of 2.1%. BlackRock's dividend payout ratio is presently 54.78%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: JPMorgan raised its BlackRock price target to $1,435 from $1,364 and maintained an “overweight” rating. The upgrade implies substantial potential upside and provides a positive signal ahead of earnings. BlackRock Stock Price Target Raised at JPMorgan Chase
• Positive Sentiment: BlackRock and partners are reportedly in exclusive discussions to acquire Stack Infrastructure’s Asia-Pacific data-center assets in a potential $20 billion to $25 billion transaction. Exposure to AI and cloud infrastructure could broaden BlackRock’s alternative-investment and fee-generation opportunities, although the deal is not finalized. BlackRock in Exclusive Talks on Data Center Deal
• Positive Sentiment: BlackRock continues developing tokenized money-market funds and exploring stablecoin and AI-agent payment applications. These initiatives could create new distribution channels and demand for its investment products over time. BlackRock Pitches Tokenized Money Market Funds
• Neutral Sentiment: Wall Street expects earnings growth in BlackRock’s upcoming quarterly report, but commentary indicates the company may lack the usual indicators associated with a likely earnings beat. Investors will focus on organic asset flows, fee rates and guidance. BlackRock Reports Next Week
• Negative Sentiment: U.S. spot Bitcoin ETFs recorded $484.9 million in net outflows, the largest daily withdrawal since June 25. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $207.7 million of the withdrawals, potentially pressuring near-term fee revenue and signaling weaker crypto-investor demand. US Bitcoin ETFs See $485 Million Outflow
• Negative Sentiment: A law firm announced an investigation into potential securities claims involving BlackRock mutual funds. The allegations are unproven, but the announcement introduces reputational and potential legal risk. BlackRock Investor News

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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