IFP Advisors Inc Buys 5,570 Shares of BlackRock $BLK

Key Points

• IFP Advisors more than doubled its BlackRock stake in the third quarter, purchasing 5,570 additional shares and bringing its holdings to 10,675 shares valued at approximately $11.3 million.
• Institutional investors and hedge funds own 80.69% of BlackRock’s outstanding shares, reflecting substantial institutional participation in the asset manager.
• BlackRock reported stronger-than-expected quarterly results, with adjusted earnings of $15.93 per share and revenue of $7.75 billion; analysts maintain a “Moderate Buy” consensus with an average price target of $1,312.06.

IFP Advisors Inc grew its stake in BlackRock (NYSE:BLK - Free Report) by 109.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,675 shares of the asset manager's stock after buying an additional 5,570 shares during the period. IFP Advisors Inc's holdings in BlackRock were worth $11,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Breakwater Capital Group grew its holdings in shares of BlackRock by 3.8% during the first quarter. Breakwater Capital Group now owns 271 shares of the asset manager's stock valued at $261,000 after buying an additional 10 shares during the last quarter. Stronghold Wealth Management L.L.C. increased its position in shares of BlackRock by 2.9% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 359 shares of the asset manager's stock valued at $345,000 after acquiring an additional 10 shares during the period. Financial Management Professionals Inc. raised its stake in BlackRock by 1.8% in the 2nd quarter. Financial Management Professionals Inc. now owns 564 shares of the asset manager's stock worth $542,000 after acquiring an additional 10 shares during the last quarter. JNBA Financial Advisors raised its stake in BlackRock by 1.4% in the 2nd quarter. JNBA Financial Advisors now owns 706 shares of the asset manager's stock worth $679,000 after acquiring an additional 10 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its stake in BlackRock by 0.8% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 1,205 shares of the asset manager's stock worth $1,275,000 after acquiring an additional 10 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock News Summary

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

Analyst Ratings Changes

A number of brokerages have commented on BLK. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. TD Cowen boosted their price target on BlackRock from $1,190.00 to $1,212.00 and gave the company a "hold" rating in a research note on Monday, October 12th. BNP Paribas Exane increased their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an "outperform" rating in a report on Tuesday, June 23rd. Evercore restated an "outperform" rating and issued a $1,275.00 price objective on shares of BlackRock in a research note on Friday, October 9th. Finally, Wells Fargo & Company raised their price objective on BlackRock from $1,230.00 to $1,250.00 and gave the stock an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and an average target price of $1,312.06.

BlackRock Stock Performance

Shares of NYSE BLK opened at $1,133.07 on Friday. The company has a 50 day simple moving average of $1,106.23 and a two-hundred day simple moving average of $1,062.85. The stock has a market cap of $175.48 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.25 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 12 month low of $917.39 and a 12 month high of $1,187.17.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, topping analysts' consensus estimates of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter in the prior year, the business earned $8.43 earnings per share. The business's quarterly revenue was up 19.1% compared to the same quarter last year. As a group, analysts predict that BlackRock will post 57.47 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors 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 dividend on an annualized basis and a yield of 2.0%. BlackRock's payout ratio is currently 52.11%.

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company headquartered in New York. Founded in 1988, the company provides investment, technology and advisory services to institutional and individual investors, governments, foundations and other clients worldwide.

BlackRock offers a broad range of investment products and strategies, including equity and fixed-income funds, index funds, exchange-traded funds through its iShares business, multi-asset portfolios, cash-management products and alternative investments.

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