Sax Wealth Advisors LLC Acquires 8,810 Shares of BlackRock $BLK

Sax Wealth Advisors LLC lifted its holdings in shares of BlackRock (NYSE:BLK) by 1,516.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,391 shares of the asset manager’s stock after purchasing an additional 8,810 shares during the quarter. Sax Wealth Advisors LLC’s holdings in BlackRock were worth $9,938,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. RMG Wealth Management LLC bought a new position in shares of BlackRock during the first quarter worth about $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock during the 2nd quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of BlackRock in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock in the second quarter valued at $30,000. Finally, Wilkerson Advisory Group LLC increased its holdings in BlackRock by 100.0% during the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager’s stock worth $33,000 after buying an additional 17 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock funds and accounts managed by HPS Investment Partners are forming a joint venture with Humana to manage nearly 150 CenterWell senior-care clinics. The venture is expected to reduce Humana’s liabilities while giving BlackRock exposure to a large healthcare-services platform. Humana Announces New Strategic Joint Venture with BlackRock
• Positive Sentiment: Funds managed by BlackRock are among the co-lead investors in Icon’s $200 million Series D financing for 3D-printed homes. The deal values Icon at approximately $1.4 billion and expands BlackRock’s private-markets exposure. BlackRock and Baillie Gifford Invest in Icon
• Positive Sentiment: The RBC iShares alliance launched the iShares A.I. Innovation and Tech ETF, potentially supporting product growth and further diversifying BlackRock’s ETF lineup. RBC iShares Launches New AI ETF
• Neutral Sentiment: TD Cowen raised its price target to $1,212 but maintained a “hold” rating, indicating potential valuation upside without a strong near-term bullish catalyst.
• Negative Sentiment: BlackRock’s investment research unit shifted from an extended underweight view on U.S. stocks to an overweight position in short-dated Treasuries after yields exceeded 5%. The move signals a more cautious market outlook and could concern investors seeking continued equity-driven asset growth. BlackRock Turns Bullish on Short-Dated Treasuries
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust recorded $65.4 million in net outflows, accounting for all withdrawals from U.S. spot Bitcoin ETFs during the reported session. Continued redemptions could pressure fee revenue and sentiment around the firm’s digital-assets business. Bitcoin ETF Outflows
• Negative Sentiment: Investors are focused on BlackRock’s upcoming earnings report, with commentary suggesting the shares are priced for disappointment amid concerns about private credit and whether assets under management can offset those risks. BlackRock Earnings Preview

Wall Street Analysts Forecast Growth

BLK has been the topic of several research analyst reports. Evercore restated an “outperform” rating and issued a $1,275.00 price objective on shares of BlackRock in a research note on Friday. Zacks Research cut BlackRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. boosted their price target on BlackRock from $1,364.00 to $1,435.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. BMO Capital Markets boosted their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Barclays dropped their price target on shares of BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,309.88.

BlackRock Price Performance

BlackRock stock traded down $8.73 during mid-day trading on Tuesday, reaching $1,075.19. The company had a trading volume of 222,221 shares, compared to its average volume of 734,289. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The company has a market cap of $166.51 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.22 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. The business has a fifty day simple moving average of $1,108.87 and a 200 day simple moving average of $1,059.65.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the firm posted $12.05 earnings per share. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. On average, equities research analysts predict that BlackRock will post 55.71 earnings per share for the current 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 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.