BlackRock $BLK Stock Bought by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its stake in shares of BlackRock (NYSE:BLK) by 500.8% in the third quarter, Holdings Channel reports. The institutional investor owned 104,267 shares of the asset manager’s stock after buying an additional 86,912 shares during the quarter. BlackRock accounts for approximately 2.8% of Venture Visionary Partners LLC’s portfolio, making the stock its 4th biggest position. Venture Visionary Partners LLC’s holdings in BlackRock were worth $110,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLK. BlackRock Inc. acquired a new stake in BlackRock in the second quarter valued at $9,747,857,000. State Street Corp grew its holdings in BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after acquiring an additional 33,752 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares during the last quarter. Temasek Holdings Private Ltd increased its position in shares of BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock worth $5,126,387,000 after purchasing an additional 237,667 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of BlackRock by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock valued at $5,032,603,000 after purchasing an additional 35,069 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BLK. Morgan Stanley reduced their price target on shares of BlackRock from $1,488.00 to $1,479.00 and set an “overweight” rating on the stock in a research report on Friday, September 25th. Zacks Research cut BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group restated a “buy” rating and set a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. BNP Paribas Exane lifted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Barclays lowered their price target on BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,304.24.

BlackRock Stock Performance

Shares of NYSE BLK traded down $11.01 during midday trading on Wednesday, hitting $1,068.41. The company’s stock had a trading volume of 385,602 shares, compared to its average volume of 742,563. 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 $1,219.94. The firm’s fifty day moving average price is $1,110.65 and its 200-day moving average price is $1,057.36. The firm has a market cap of $165.46 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.18 and a beta of 1.41.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the business earned $12.05 earnings per share. BlackRock’s quarterly revenue was up 30.6% on a year-over-year basis. On average, sell-side analysts forecast that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Announces Dividend

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

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is reportedly in exclusive talks with partners to acquire Stack Infrastructure’s Asia-Pacific data-center assets for approximately $20 billion to $25 billion. A completed transaction would expand BlackRock’s exposure to AI, cloud computing and digital infrastructure, although the discussions may not result in a deal. BlackRock in talks on data-center deal
• Positive Sentiment: JPMorgan raised its BlackRock price target to $1,435 from $1,364 and maintained an overweight rating, signaling confidence in the company’s earnings and longer-term growth prospects. BlackRock price target raised
• Positive Sentiment: BlackRock continues to promote growth in tokenized money-market funds, stablecoin infrastructure and digital-asset products, including its Bitcoin and Ethereum ETFs. These initiatives could broaden fee revenue and institutional adoption over time. Tokenized money-market funds
• Neutral Sentiment: BlackRock’s upcoming earnings report is expected to show year-over-year growth, but analysts cited by Zacks do not see a particularly strong combination of estimate revisions and earnings-surprise trends ahead of the release. This may encourage investors to wait for results. BlackRock earnings preview
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging that investors may have received materially misleading business information. The announcement is an investor solicitation and does not establish wrongdoing, but it adds headline and litigation risk. BlackRock investor investigation
• Negative Sentiment: Commentary warning that interest rates above 5% are straining borrowers and the broader economy could weigh on asset values, flows and investor risk appetite—important factors for an asset manager such as BlackRock. Higher rates pressure the economy

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.