BlackRock $BLK Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lowered its position in shares of BlackRock (NYSE:BLK) by 77.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255 shares of the asset manager’s stock after selling 889 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in BlackRock were worth $268,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Citizens Bank & Trust Co. boosted its position in shares of BlackRock by 392.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 14,780 shares of the asset manager’s stock valued at $15,642,000 after purchasing an additional 11,781 shares in the last quarter. Focus Financial Network Inc. grew its stake in BlackRock by 3.6% during the third quarter. Focus Financial Network Inc. now owns 436 shares of the asset manager’s stock worth $462,000 after purchasing an additional 15 shares during the period. Enclave Advisors LLC bought a new stake in BlackRock in the third quarter worth approximately $247,000. XY Planning Network Inc. bought a new stake in BlackRock in the third quarter worth approximately $204,000. Finally, KMG Fiduciary Partners LLC lifted its stake in BlackRock by 356.4% in the third quarter. KMG Fiduciary Partners LLC now owns 41,826 shares of the asset manager’s stock valued at $44,264,000 after buying an additional 32,661 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Up 0.2%

Shares of BLK traded up $2.27 during trading hours on Wednesday, hitting $1,068.39. The stock had a trading volume of 623,466 shares, compared to its average volume of 735,909. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a 50 day simple moving average of $1,107.58 and a 200-day simple moving average of $1,060.27. The firm has a market capitalization of $165.46 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, beating analysts’ consensus estimates of $14.32 by $1.61. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.42 billion. During the same period in the previous year, the company posted $8.43 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. Sell-side analysts predict that BlackRock will post 55.69 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is 54.78%.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Broad earnings beat: BlackRock reported adjusted EPS of $15.93, well above the $14.32 consensus estimate, while revenue rose 19.1% year over year to $7.75 billion versus expectations of $7.42 billion. Adjusted earnings increased approximately 38% from the prior year. BlackRock profit jumps as resilient markets boost fees
• Positive Sentiment: Record assets and strong inflows: Assets under management reached approximately $15.49 trillion, up from $13.46 trillion a year earlier, supported by $205 billion in quarterly net inflows, including $135 billion into ETFs. The scale of asset growth should support recurring management fees. BlackRock stock rises as Q3 earnings beat estimates
• Positive Sentiment: Fee-growth opportunities are broadening: Strong performance fees, technology revenue and continued expansion in private markets—including a reported $68 billion private-markets raise—could diversify BlackRock beyond traditional ETF fees. Crypto ETF assets also reportedly rose 63% to roughly $80 billion during the quarter. BlackRock Q3 earnings top consensus
• Neutral Sentiment: Investment stance changed: BlackRock is reducing its U.S. stock exposure and favoring short-term Treasuries, arguing that markets have priced in too many Federal Reserve rate hikes. This may benefit fixed-income products and future bond inflows, but it also signals caution about equity valuations. BlackRock cools on US stocks
• Negative Sentiment: Inflation and yields remain a near-term headwind: A hotter September CPI report pushed Treasury yields higher and pressured market futures, potentially weighing on equity valuations and investor risk appetite. Higher rates can also reduce market-driven AUM gains and make active and alternative investments more challenging. Hotter CPI Sends Futures Lower as Yields Jump

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays cut their price target on BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. TD Cowen raised their price objective on shares of BlackRock from $1,190.00 to $1,212.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley lowered their price objective on shares of BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore reiterated an “outperform” rating and set a $1,275.00 target price on shares of BlackRock in a research report on Friday, October 9th. Finally, BNP Paribas Exane boosted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. One 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 data from MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and an average price target of $1,309.88.

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.