Capital Advisors Wealth Management LLC Buys 2,351 Shares of BlackRock $BLK

Key Points

• Capital Advisors Wealth Management initiated a BlackRock position by purchasing 2,351 shares valued at approximately $2.49 million. Institutional investors collectively own 80.69% of BlackRock’s outstanding stock.
• BlackRock exceeded quarterly expectations, reporting $13.91 in earnings per share and $7.08 billion in revenue, up 30.6% year over year. The company also pays a quarterly dividend of $5.73 per share, representing a 2.1% annualized yield.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $1,304.24, though valuation concerns, rising expenses and potentially weaker performance fees pose risks.

Capital Advisors Wealth Management LLC bought a new position in shares of BlackRock (NYSE:BLK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,351 shares of the asset manager's stock, valued at approximately $2,488,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of BlackRock during the second quarter worth approximately $9,747,857,000. State Street Corp boosted its position 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 valued at $6,705,193,000 after acquiring an additional 33,752 shares during the period. Corient Private Wealth LLC grew its stake in shares of BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock worth $5,876,618,000 after acquiring an additional 5,386,640 shares during the last quarter. Temasek Holdings Private Ltd increased its position in BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock worth $5,126,387,000 after acquiring an additional 237,667 shares during the period. Finally, Bank of America Corp DE increased its position in BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager's stock worth $5,032,603,000 after acquiring an additional 35,069 shares during the period. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

BlackRock stock opened at $1,081.27 on Friday. The company has a market cap of $167.46 billion, a PE ratio of 25.84, a PEG ratio of 1.20 and a beta of 1.41. 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 has a 1 year low of $917.39 and a 1 year high of $1,219.94. The company's 50-day moving average is $1,109.77 and its two-hundred day moving average is $1,058.29.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts' consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm posted $12.05 earnings per share. BlackRock's revenue for the quarter was up 30.6% compared to the same quarter last year. Equities analysts anticipate that BlackRock will post 55.71 earnings per share for the current year.

BlackRock Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. BlackRock's payout ratio is 54.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLK shares. Wells Fargo & Company cut their price objective on shares of BlackRock from $1,245.00 to $1,230.00 and set an "overweight" rating for the company in a research report on Thursday. Weiss Ratings cut BlackRock from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Evercore reiterated an "outperform" rating and issued a $1,275.00 price objective on shares of BlackRock in a research report on Friday. Barclays lowered their price objective on BlackRock from $1,450.00 to $1,420.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $1,389.00 target price on shares of BlackRock in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,304.24.

Key Headlines 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 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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