Bullock Wealth Management Group Grows Stake in BlackRock $BLK

Key Points

• Bullock Wealth Management Group increased its BlackRock stake by 184.2% in the third quarter, bringing its holdings to 2,913 shares valued at approximately $3.08 million. Institutional investors collectively own 80.69% of BlackRock.
• BlackRock reported strong quarterly results, with EPS of $13.91 and revenue of $7.08 billion, beating analyst estimates; revenue rose 30.6% year over year. The company also pays a quarterly dividend of $5.73 per share, yielding about 2.1% annually.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,304.24, though valuation concerns, higher operating expenses, potentially lower performance fees and digital-asset outflows remain risks.

Bullock Wealth Management Group lifted its holdings in BlackRock (NYSE:BLK - Free Report) by 184.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,913 shares of the asset manager's stock after buying an additional 1,888 shares during the quarter. BlackRock makes up about 1.3% of Bullock Wealth Management Group's portfolio, making the stock its 13th biggest position. Bullock Wealth Management Group's holdings in BlackRock were worth $3,083,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BLK. BlackRock Inc. bought a new stake in shares of BlackRock during the second quarter worth $9,747,857,000. State Street Corp grew its holdings in shares of BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock worth $6,705,193,000 after purchasing an additional 33,752 shares during the last quarter. Corient Private Wealth LLC increased its stake in BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after buying an additional 5,386,640 shares during the period. Temasek Holdings Private Ltd lifted its holdings in BlackRock by 4.7% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock valued at $5,126,387,000 after buying an additional 237,667 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in BlackRock by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager's stock valued at $5,032,603,000 after buying an additional 35,069 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BlackRock from “hold” to “moderate buy,” providing a fresh positive analyst signal. The upgrade likely reflects confidence in BlackRock’s earnings outlook and long-term asset-management growth. BlackRock analyst upgrade reference
• Positive Sentiment: Expectations for the upcoming third-quarter report are constructive. Analysts anticipate higher revenue, earnings and assets under management, while BlackRock’s strong earnings-surprise history and favorable Earnings ESP support the possibility of another consensus beat. BlackRock earnings beat outlook
• Positive Sentiment: Record assets under management, strategic acquisitions and demand for BlackRock’s products continue to support the growth narrative. The company’s recent earnings also showed substantial year-over-year revenue growth and a sizable EPS beat, reinforcing fundamental momentum. BlackRock growth and valuation analysis
• Neutral Sentiment: BlackRock disclosed a substantial voting stake in Qiagen (QGEN). The filing confirms an ownership position but does not, by itself, indicate a material change to BlackRock’s operating outlook. BlackRock voting stake in Qiagen
• Negative Sentiment: Valuation is a key risk after BlackRock’s multiyear share-price advance. Commentary describes the stock as fairly valued or trading at a premium, meaning additional gains may require continued improvement in returns, AUM and earnings. BlackRock valuation analysis
• Negative Sentiment: Expected increases in operating expenses and potentially lower performance fees could offset some of the benefit from higher revenue, earnings and AUM. Separately, substantial outflows from U.S. spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, may weigh on sentiment toward its digital-assets franchise. BlackRock third-quarter earnings risks

BlackRock Stock Up 1.5%

Shares of NYSE BLK traded up $15.92 during mid-day trading on Friday, reaching $1,081.27. 376,865 shares of the company were exchanged, compared to its average volume of 739,104. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The firm has a 50-day moving average of $1,110.01 and a 200 day moving average of $1,058.13. The stock has a market cap of $167.46 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.21 and a beta of 1.41. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33.

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

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock's payout ratio is 54.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLK. Keefe, Bruyette & Woods raised shares of BlackRock from a "hold" rating to a "moderate buy" rating in a research report on Wednesday. Zacks Research lowered BlackRock from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Weiss Ratings downgraded BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Barclays decreased their target price on BlackRock from $1,450.00 to $1,420.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on BlackRock from $1,364.00 to $1,435.00 and gave the stock an "overweight" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,304.24.

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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