Investment House LLC Sells 620 Shares of BlackRock $BLK

Investment House LLC reduced its stake in shares of BlackRock (NYSE:BLK) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,160 shares of the asset manager’s stock after selling 620 shares during the quarter. Investment House LLC’s holdings in BlackRock were worth $1,228,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BLK. SBI Securities Co. Ltd. boosted its position in BlackRock by 2.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,414 shares of the asset manager’s stock valued at $1,496,000 after buying an additional 33 shares during the period. Marion Wealth Management lifted its holdings in BlackRock by 2.5% in the 3rd quarter. Marion Wealth Management now owns 2,911 shares of the asset manager’s stock worth $3,081,000 after buying an additional 70 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in BlackRock by 2.3% in the third quarter. Pinnacle Bancorp Inc. now owns 1,058 shares of the asset manager’s stock valued at $1,120,000 after acquiring an additional 24 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its position in shares of BlackRock by 42.9% during the third quarter. Foster Victor Wealth Advisors LLC now owns 483 shares of the asset manager’s stock valued at $543,000 after buying an additional 145 shares during the period. Finally, Trifecta Capital Advisors LLC boosted its position in BlackRock by 1.8% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 6,008 shares of the asset manager’s stock valued at $6,358,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other 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: U.S. spot Bitcoin ETFs attracted $524.8 million of inflows on October 21, with BlackRock and Fidelity accounting for most of the buying. Continued demand for BlackRock’s Bitcoin ETF could support fee revenue and asset growth. Bitcoin ETFs Draw $524.8 Million As BlackRock And Fidelity Lead
• Positive Sentiment: BlackRock launched the actively managed iShares Future Robotics and Related Technologies ETF (RBTX), expanding its AI-themed product lineup and potentially opening a new source of management fees as investor interest in robotics grows. BlackRock Introduces Active Robotics ETF
• Positive Sentiment: TD Cowen reportedly upgraded BlackRock to Buy, citing a third-quarter inflection. The action reinforces the view that improving operating trends and strong recent earnings could support further upside. BlackRock raised to Buy at TD Cowen
• Neutral Sentiment: BlackRock’s HPS Investment Partners plans to invest up to $434.6 million in TBS Energi Utama. The transaction highlights private-market expansion but its direct earnings impact is unclear. BlackRock’s HPS Investment Partners Investment
• Neutral Sentiment: Ethereum ETFs returned to a modest $14.9 million net inflow after five sessions of outflows, although BlackRock’s ETHA continued to experience withdrawals. Ethereum ETFs Break Five-Day Outflow Run
• Negative Sentiment: CEO Larry Fink warned that delays in data-center construction could raise computing costs, fuel inflation and threaten economic growth, potentially pushing the U.S. toward recession. The comments raise concerns about broader market conditions and the pace of AI-related asset growth. Larry Fink Warns Data Center Slowdown Could Push US Into Recession

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on BlackRock from $1,230.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Truist Financial set a $1,310.00 price target on BlackRock in a research report on Thursday, October 15th. Jefferies Financial Group upped their price target on BlackRock from $1,222.00 to $1,260.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Evercore reiterated an “outperform” rating and issued a $1,275.00 price objective (down from $1,300.00) on shares of BlackRock in a report on Friday, October 9th. Finally, Bank of America decreased their price objective on BlackRock from $1,320.00 to $1,287.00 in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,337.19.

BlackRock Stock Down 1.1%

BLK stock opened at $1,137.00 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 firm has a market cap of $176.09 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41. The business has a 50 day moving average of $1,104.55 and a 200 day moving average of $1,068.59.

BlackRock (NYSE:BLK) last released its 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. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same period in the previous year, the company posted $8.43 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts forecast that BlackRock will post 57.47 EPS for the current fiscal year.

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.