Farther Finance Advisors LLC Grows Stock Position in BlackRock $BLK

Key Points

• Farther Finance Advisors increased its BlackRock stake by 358.3% in the third quarter, owning 20,102 shares valued at approximately $21.3 million. Other institutional investors also expanded their positions, with institutions collectively holding 80.69% of BlackRock’s stock.
• BlackRock reported quarterly revenue of $7.08 billion and EPS of $13.91, exceeding analyst estimates, while revenue grew 30.6% year over year. The company also pays a $5.73 quarterly dividend, equivalent to a 2.1% yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,303.35, though risks include premium valuation, potential higher-for-longer interest rates and substantial outflows from BlackRock’s spot Bitcoin ETF.

Farther Finance Advisors LLC increased its stake in shares of BlackRock (NYSE:BLK - Free Report) by 358.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,102 shares of the asset manager's stock after purchasing an additional 15,716 shares during the period. Farther Finance Advisors LLC's holdings in BlackRock were worth $21,274,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BLK. CoreCap Advisors LLC boosted its position in shares of BlackRock by 968.1% in the third quarter. CoreCap Advisors LLC now owns 3,781 shares of the asset manager's stock valued at $4,001,000 after acquiring an additional 3,427 shares during the period. Zevenbergen Capital Investments LLC grew its stake in BlackRock by 6.7% during the third quarter. Zevenbergen Capital Investments LLC now owns 5,049 shares of the asset manager's stock valued at $5,343,000 after acquiring an additional 318 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in BlackRock by 590.4% during the 3rd quarter. YHB Investment Advisors Inc. now owns 22,253 shares of the asset manager's stock worth $23,550,000 after acquiring an additional 19,030 shares during the period. Apella Capital LLC lifted its stake in BlackRock by 1,202.0% in the 3rd quarter. Apella Capital LLC now owns 7,109 shares of the asset manager's stock worth $7,523,000 after purchasing an additional 6,563 shares in the last quarter. Finally, Everhart Financial Group Inc. lifted its stake in BlackRock by 872.0% in the 3rd quarter. Everhart Financial Group Inc. now owns 11,927 shares of the asset manager's stock worth $12,622,000 after purchasing an additional 10,700 shares in the last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock Price Performance

Shares of BlackRock stock traded down $2.54 on Thursday, hitting $1,067.09. 437,357 shares of the company traded hands, compared to its average volume of 740,975. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a market cap of $165.26 billion, a P/E ratio of 25.50, a P/E/G ratio of 1.22 and a beta of 1.41. The firm's 50-day simple moving average is $1,110.65 and its 200 day simple moving average is $1,057.36.

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

BlackRock Announces Dividend

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

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s six-month advance has been supported by record assets under management, strong investor demand and strategic acquisitions. The company’s scale and expanding product lineup remain important long-term growth drivers, although its premium 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-computing infrastructure and could create additional fee-generating opportunities if completed. BlackRock in Exclusive Talks on $20 Billion Data Center Deal
• Positive Sentiment: BlackRock executives continue promoting tokenized money-market funds, stablecoins and digital assets as potential tools for faster settlement and collateral management. These initiatives could broaden the firm’s future asset-management and infrastructure businesses, though adoption remains early.
• Neutral Sentiment: BlackRock’s next quarterly report is expected soon, with Wall Street forecasting year-over-year earnings growth. However, analysis from Zacks indicates the company may lack the combination of estimate revisions and operating momentum typically associated with a likely earnings beat. BlackRock Reports Next Week: Wall Street Expects Earnings Growth
• 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 of withdrawals. Sustained redemptions could pressure fee revenue and investor sentiment toward BlackRock’s digital-asset expansion. US Bitcoin ETFs See $485 Million Outflow
• Negative Sentiment: BlackRock’s fixed-income chief is positioned for a hawkish Federal Reserve, highlighting the risk of higher-for-longer interest rates. Elevated yields can weigh on asset valuations and market activity, while a law firm’s investor solicitation regarding alleged misleading mutual-fund information adds a separate reputational overhang.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLK. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price objective on BlackRock from $1,364.00 to $1,435.00 and gave the company an "overweight" rating in a research note on Tuesday. Keefe, Bruyette & Woods cut BlackRock from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 7th. BMO Capital Markets upped their target price on BlackRock from $1,250.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Finally, Evercore reaffirmed an "outperform" rating and issued a $1,260.00 price target on shares of BlackRock in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and a consensus price target of $1,303.35.

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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