3,552 BlackRock $BLK Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in BlackRock (NYSE:BLK) by 38.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,695 shares of the asset manager’s stock after purchasing an additional 3,552 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in BlackRock were worth $13,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new position in BlackRock during the 1st quarter worth approximately $25,000. Addison Advisors LLC acquired a new position in BlackRock in the second quarter valued at about $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of BlackRock during the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock during the 2nd quarter valued at about $30,000. Finally, Wilkerson Advisory Group LLC grew its position in shares of BlackRock by 100.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 17 shares during the period. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of BlackRock from $1,222.00 to $1,260.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. BNP Paribas Exane upped their price target on BlackRock from $1,370.00 to $1,430.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Evercore restated an “outperform” rating and set a $1,275.00 target price (down from $1,300.00) on shares of BlackRock in a report on Friday, October 9th. Wells Fargo & Company lifted their price target on shares of BlackRock from $1,230.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group decreased their price objective on BlackRock from $1,389.00 to $1,346.00 and set a “buy” rating for the company in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.19.

BlackRock Trading Down 1.8%

BLK stock opened at $1,117.12 on Friday. The stock has a market cap of $173.01 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The company has a fifty day moving average price of $1,103.45 and a two-hundred day moving average price of $1,068.93. BlackRock has a one year low of $917.39 and a one year high of $1,187.17.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.32 by $1.61. The company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.42 billion. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.43 earnings per share. Equities analysts anticipate that BlackRock will post 57.82 EPS for the current year.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETFs were among the leading beneficiaries of a three-day buying streak, with U.S. Bitcoin ETFs attracting $524.8 million on October 21. Sustained inflows can increase assets under management and fee revenue for BlackRock. Bitcoin ETFs Draw $524.8 Million As BlackRock And Fidelity Lead
• Positive Sentiment: The company filed for the iShares Bitcoin Managed Protection ETF, designed to provide Bitcoin exposure with downside-management features, and launched an actively managed robotics ETF. The products broaden BlackRock’s crypto, artificial-intelligence, and thematic ETF lineup and could support future asset gathering. BlackRock Files Bitcoin Protection ETF And Launches Active Robotics Fund
• Positive Sentiment: BlackRock’s HPS Investment Partners plans to invest up to $434.6 million in TBS Energi Utama, highlighting continued expansion of its private-markets and alternative-investment platform. BlackRock’s HPS Investment Partners to Invest Up to $434.6 million in TBS Energi Utama
• Neutral Sentiment: BlackRock joined the Depository Trust & Clearing Corporation’s tokenization initiative with Ripple Prime and JPMorgan. The move strengthens BlackRock’s institutional digital-asset positioning, although its effect on fee revenue and earnings remains uncertain. Ripple Joined DTCC’s Tokenization Push
• Negative Sentiment: CEO Larry Fink warned that a slowdown in data-center construction could raise inflation and contribute to a U.S. recession, adding to macroeconomic concerns for asset managers and markets. Larry Fink Warns Data Center Slowdown Could Push US Into Recession
• Negative Sentiment: The reported transfer of crypto assets to Coinbase Prime may be viewed as a possible liquidation signal, even though there is no confirmation that BlackRock or its ETF investors are selling. BlackRock Moved $262 Million in Bitcoin to Coinbase

About BlackRock

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.