BlackRock $BLK Shares Acquired by Forum Financial Management LP

Forum Financial Management LP grew its holdings in shares of BlackRock (NYSE:BLK) by 750.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,836 shares of the asset manager’s stock after buying an additional 1,620 shares during the quarter. Forum Financial Management LP’s holdings in BlackRock were worth $1,943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Capital Management LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth approximately $33,847,000. Varma Mutual Pension Insurance Co bought a new stake in shares of BlackRock during the second quarter valued at about $28,185,000. Haverford Trust Co acquired a new stake in shares of BlackRock in the 2nd quarter worth approximately $264,500,000. Liberty One Investment Management LLC lifted its position in BlackRock by 30.7% in the first quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock worth $4,675,000 after purchasing an additional 1,141 shares during the period. Finally, Basswood Capital Management L.L.C. bought a new position in BlackRock during the second quarter valued at about $23,122,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about 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 Stock Up 1.1%

Shares of BLK opened at $1,133.07 on Friday. The company has a 50-day simple moving average of $1,106.23 and a 200-day simple moving average of $1,062.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,187.17. The firm has a market capitalization of $175.48 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.23 and a beta of 1.41.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, topping the consensus estimate of $14.32 by $1.61. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. BlackRock’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $8.43 EPS. On average, equities research analysts expect that BlackRock will post 56.28 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $5.73 dividend. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock’s payout ratio is presently 52.11%.

Analysts Set New Price Targets

BLK has been the subject of a number of research reports. TD Cowen raised their target price on shares of BlackRock from $1,190.00 to $1,212.00 and gave the stock a “hold” rating in a report on Monday, October 12th. JPMorgan Chase & Co. lifted their target price on BlackRock from $1,435.00 to $1,449.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley dropped their price target on shares of BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Finally, Truist Financial set a $1,310.00 target price on BlackRock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,312.06.

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.