5,649 BlackRock $BLK Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its position in BlackRock (NYSE:BLK) by 106.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,958 shares of the asset manager’s stock after purchasing an additional 5,649 shares during the quarter. Mather Group LLC.’s holdings in BlackRock were worth $11,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Capital Management LLC acquired a new stake in shares of BlackRock in the 2nd quarter worth $33,847,000. Varma Mutual Pension Insurance Co purchased a new position in shares of BlackRock during the 2nd quarter worth $28,185,000. Haverford Trust Co acquired a new position in shares of BlackRock during the 2nd quarter valued at about $264,500,000. Liberty One Investment Management LLC boosted its position in shares of BlackRock by 30.7% during the 1st quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock valued at $4,675,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Basswood Capital Management L.L.C. purchased a new stake in shares of BlackRock in the second quarter valued at about $23,122,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

NYSE:BLK opened at $1,075.09 on Thursday. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. 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 company has a market capitalization of $166.50 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.20 and a beta of 1.41. The stock’s fifty day moving average is $1,106.43 and its two-hundred day moving average is $1,061.02.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, beating the consensus estimate of $14.32 by $1.61. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.43 EPS. Equities analysts expect that BlackRock will post 55.70 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s payout ratio is 54.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Zacks Research downgraded shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Morgan Stanley decreased their target price on shares of BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen boosted their target price on shares of BlackRock from $1,190.00 to $1,212.00 and gave the company a “hold” rating in a report on Monday. Finally, UBS Group dropped their price target on shares of BlackRock from $1,320.00 to $1,277.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,308.62.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Broad earnings beat: BlackRock reported adjusted EPS of $15.93, 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 profit increased approximately 38%, marking another significant year-over-year improvement. BlackRock profit jumps as resilient markets boost fees
• Positive Sentiment: Record scale and strong inflows: Assets under management reached approximately $15.5 trillion, helped by $205 billion of quarterly net inflows, including $135 billion into ETFs. Strong institutional demand, higher asset valuations and continued iShares growth support future fee revenue. BlackRock pulls in $205bn to take assets to record high
• Positive Sentiment: Growth opportunities beyond traditional ETFs: Management pointed to continued momentum in private-markets fundraising, technology revenue, crypto ETFs and AI-related infrastructure investing. BlackRock also expects a seasonally strong fourth quarter, which reinforces the market’s view that growth can continue. BlackRock Expects Strong Fourth Quarter as AI Investment, Fundraising Grow
• Positive Sentiment: Private-market expansion: BlackRock’s capital commitments to areas such as infrastructure, private credit and Humana’s CenterWell clinic joint venture could broaden higher-fee revenue streams, although these initiatives are longer-term contributors. Humana Forms Joint Venture With BlackRock for 150 Senior Care Clinics
• Neutral Sentiment: Investment-positioning change: BlackRock has reduced its U.S. stock exposure and upgraded short-term Treasuries, arguing that bond yields are attractive and markets may be overestimating future Federal Reserve rate hikes. This may benefit fixed-income demand but also signals caution about near-term equity markets. BlackRock cools on US stocks, turns bullish on short-dated Treasuries
• Negative Sentiment: Rate and inflation risks remain an overhang: A hotter CPI reading pushed Treasury yields higher, potentially pressuring asset valuations and fee revenue. CEO Larry Fink’s warning that a data-center construction moratorium could trigger a recession also highlights BlackRock’s exposure to the AI investment cycle and related market risks. BlackRock’s Larry Fink warns a data center moratorium could trigger a recession

About BlackRock

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.