BlackRock $BLK Stock Purchased by Mather Group LLC.

Mather Group LLC. increased its stake in shares of BlackRock (NYSE:BLK) by 106.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,958 shares of the asset manager’s stock after purchasing an additional 5,649 shares during the period. Mather Group LLC.’s holdings in BlackRock were worth $11,597,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in BlackRock in the second quarter valued at approximately $9,747,857,000. Corient Private Wealth LLC boosted its position in shares of BlackRock by 5,190.3% during 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 buying an additional 5,386,640 shares during the period. Temasek Holdings Private Ltd boosted its position in shares of 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 buying an additional 237,667 shares during the period. Bank of America Corp DE boosted its position in shares of 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 buying an additional 35,069 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of BlackRock by 23.3% in the second quarter. Wellington Management Group LLP now owns 4,495,074 shares of the asset manager’s stock valued at $4,322,283,000 after buying an additional 850,406 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BLK. Morgan Stanley dropped their price objective on BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating for the company in a research note on Tuesday. BNP Paribas Exane increased their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating and set a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. UBS Group lowered their target price on BlackRock from $1,320.00 to $1,277.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods raised BlackRock from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,308.62.

BlackRock Price Performance

BlackRock stock opened at $1,075.09 on Thursday. The firm has a market cap of $166.50 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $1,106.43 and its two-hundred day moving average is $1,061.02.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, topping the consensus estimate of $14.32 by $1.61. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.43 earnings per share. On average, research analysts expect that BlackRock will post 55.70 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Broad earnings beat: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus estimate, while revenue rose 19.1% year over year to $7.75 billion versus expectations of $7.42 billion. Adjusted profit increased approximately 38%, marking another significant year-over-year improvement. BlackRock profit jumps as resilient markets boost fees
• Positive Sentiment: Record scale and strong inflows: Assets under management reached approximately $15.5 trillion, helped by $205 billion of quarterly net inflows, including $135 billion into ETFs. Strong institutional demand, higher asset valuations and continued iShares growth support future fee revenue. BlackRock pulls in $205bn to take assets to record high
• Positive Sentiment: Growth opportunities beyond traditional ETFs: Management pointed to continued momentum in private-markets fundraising, technology revenue, crypto ETFs and AI-related infrastructure investing. BlackRock also expects a seasonally strong fourth quarter, which reinforces the market’s view that growth can continue. BlackRock Expects Strong Fourth Quarter as AI Investment, Fundraising Grow
• Positive Sentiment: Private-market expansion: BlackRock’s capital commitments to areas such as infrastructure, private credit and Humana’s CenterWell clinic joint venture could broaden higher-fee revenue streams, although these initiatives are longer-term contributors. Humana Forms Joint Venture With BlackRock for 150 Senior Care Clinics
• Neutral Sentiment: Investment-positioning change: BlackRock has reduced its U.S. stock exposure and upgraded short-term Treasuries, arguing that bond yields are attractive and markets may be overestimating future Federal Reserve rate hikes. This may benefit fixed-income demand but also signals caution about near-term equity markets. BlackRock cools on US stocks, turns bullish on short-dated Treasuries
• Negative Sentiment: Rate and inflation risks remain an overhang: A hotter CPI reading pushed Treasury yields higher, potentially pressuring asset valuations and fee revenue. CEO Larry Fink’s warning that a data-center construction moratorium could trigger a recession also highlights BlackRock’s exposure to the AI investment cycle and related market risks. BlackRock’s Larry Fink warns a data center moratorium could trigger a recession

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.