1,106 BlackRock $BLK Shares Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC increased its stake in BlackRock (NYSE:BLK) by 137.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,912 shares of the asset manager’s stock after buying an additional 1,106 shares during the quarter. Sanders Morris Harris LLC’s holdings in BlackRock were worth $2,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Citizens Bank & Trust Co. raised its holdings in shares of BlackRock by 392.8% in 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 during the period. Focus Financial Network Inc. lifted its stake in BlackRock by 3.6% in the 3rd quarter. Focus Financial Network Inc. now owns 436 shares of the asset manager’s stock valued at $462,000 after purchasing an additional 15 shares during the last quarter. Enclave Advisors LLC bought a new position in BlackRock during the third quarter worth about $247,000. XY Planning Network Inc. bought a new position in BlackRock during the third quarter worth about $204,000. Finally, KMG Fiduciary Partners LLC increased its position in BlackRock by 356.4% during the third quarter. KMG Fiduciary Partners LLC now owns 41,826 shares of the asset manager’s stock worth $44,264,000 after buying an additional 32,661 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

Shares of NYSE BLK traded up $8.97 during trading hours on Wednesday, reaching $1,075.09. 1,093,505 shares of the stock were exchanged, compared to its average volume of 738,370. The firm has a market capitalization of $166.50 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.22 and a beta of 1.41. 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 $1,219.94. The stock’s fifty day simple moving average is $1,107.58 and its 200 day simple moving average is $1,060.27.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.32 by $1.61. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the previous year, the firm posted $8.43 EPS. The business’s revenue for the quarter 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 year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given a $5.73 dividend. 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 payout ratio is presently 54.78%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BLK shares. BMO Capital Markets upped their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. TD Cowen increased their price objective on shares of BlackRock from $1,190.00 to $1,212.00 and gave the company a “hold” rating in a research report on Monday. Morgan Stanley cut their target price 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. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $1,364.00 to $1,435.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings downgraded shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,309.88.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Broad earnings beat: BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue rose 19.1% year over year to $7.75 billion, above expectations. Adjusted EPS reportedly increased about 38% from the prior year. BlackRock third-quarter earnings report
• Positive Sentiment: Record scale and inflows: Assets under management reached approximately $15.5 trillion, supported by $205 billion of quarterly net inflows. ETFs accounted for roughly $135 billion, while demand for fixed income, institutional products and private markets also contributed to growth. Higher AUM and fee-generating assets support BlackRock’s future revenue potential. BlackRock pulls in $205 billion
• Positive Sentiment: Growth outlook remains constructive: Management expects momentum to continue into the seasonally strong fourth quarter, helped by iShares activity, private-markets fundraising, technology revenue and increasing exposure to AI infrastructure. BlackRock’s crypto ETF assets also reportedly rose 63% to about $80 billion. BlackRock expects strong fourth quarter
• Neutral Sentiment: CEO Larry Fink said a moratorium on data-center construction could damage U.S. economic growth, reflecting BlackRock’s substantial investment in the AI infrastructure buildout. The comments highlight both an investment opportunity and concentration risk tied to continued AI spending. Larry Fink warns data-center moratorium could trigger recession
• Negative Sentiment: BlackRock’s investment strategists have reduced their U.S. stock exposure and upgraded short-term Treasuries, citing attractive bond yields and expectations that markets have priced in too many Federal Reserve rate hikes. A hotter-than-expected CPI report and rising yields could pressure asset valuations and investor sentiment. BlackRock favors short-dated Treasuries

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.