NBT Bank N.A. Makes New Investment in BlackRock $BLK

NBT Bank N.A. purchased a new position in shares of BlackRock (NYSE:BLK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,632 shares of the asset manager’s stock, valued at approximately $2,785,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. RMG Wealth Management LLC purchased a new position in shares of BlackRock in the 1st quarter valued at about $25,000. Addison Advisors LLC acquired a new stake in shares of BlackRock during the 2nd quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in BlackRock during the second quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in BlackRock during the second quarter worth approximately $30,000. Finally, Wilkerson Advisory Group LLC lifted its stake in BlackRock by 100.0% during the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager’s stock worth $33,000 after purchasing an additional 17 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLK. UBS Group upped their price target on BlackRock from $1,277.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, October 15th. TD Cowen raised shares of BlackRock from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,212.00 to $1,405.00 in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of BlackRock from $1,230.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Evercore restated an “outperform” rating and set a $1,275.00 price objective (down from $1,300.00) on shares of BlackRock in a research report on Friday, October 9th. Finally, Jefferies Financial Group upped their target price on shares of BlackRock from $1,222.00 to $1,260.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,337.19.

Trending Headlines about BlackRock

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

BlackRock Stock Performance

Shares of BLK stock opened at $1,137.00 on Friday. The stock’s 50-day moving average is $1,104.55 and its two-hundred day moving average is $1,068.59. 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 1 year low of $917.39 and a 1 year high of $1,187.17. The firm has a market cap of $176.09 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.20 and a beta of 1.41.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share 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 business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same period in the previous year, the business earned $8.43 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. Analysts predict that BlackRock will post 57.47 earnings per share for the current year.

BlackRock Company Profile

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.