1,776 BlackRock $BLK Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in shares of BlackRock (NYSE:BLK) by 19.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,750 shares of the asset manager’s stock after purchasing an additional 1,776 shares during the period. Cyndeo Wealth Partners LLC’s holdings in BlackRock were worth $11,377,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of BlackRock in the second quarter valued at about $9,747,857,000. Corient Private Wealth LLC increased its stake in shares of BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after buying an additional 5,386,640 shares during the period. Bank of America Corp DE bought a new position in BlackRock during the 2nd quarter worth $4,409,095,000. Santa Clara Valley Transportation Authority acquired a new stake in BlackRock during the 2nd quarter valued at approximately $129,138,253,000. Finally, Auto Owners Insurance Co raised its stake in BlackRock by 106,934.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock worth $128,441,000 after buying an additional 1,283,208 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Up 1.1%

BLK stock opened at $1,133.07 on Friday. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,187.17. 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 stock’s 50 day moving average is $1,106.23 and its 200-day moving average is $1,062.85. The firm has a market capitalization of $175.48 billion, a PE ratio of 25.76, a P/E/G ratio of 1.23 and a beta of 1.41.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter in the previous year, the firm earned $8.43 earnings per share. BlackRock’s quarterly revenue was up 19.1% on a year-over-year basis. Sell-side analysts expect that BlackRock will post 56.28 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a dividend of $5.73 per share. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is 52.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BLK shares. UBS Group boosted their price target on BlackRock from $1,277.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. TD Cowen raised their price objective on shares of BlackRock from $1,190.00 to $1,212.00 and gave the company a “hold” rating in a research note on Monday, October 12th. BMO Capital Markets lifted their price objective on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Bank of America boosted their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and an average price target of $1,312.06.

Key Headlines Impacting BlackRock

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

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.