BlackRock $BLK Stock: Pension & Wealth Management Advisors Inc. Grows Stake

Pension & Wealth Management Advisors Inc. boosted its position in BlackRock (NYSE:BLK) by 368,800.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,689 shares of the asset manager’s stock after purchasing an additional 3,688 shares during the period. BlackRock comprises approximately 0.9% of Pension & Wealth Management Advisors Inc.’s investment portfolio, making the stock its 17th largest position. Pension & Wealth Management Advisors Inc.’s holdings in BlackRock were worth $3,904,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $9,747,857,000. Corient Private Wealth LLC grew its holdings in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after purchasing an additional 5,386,640 shares during the last quarter. Bank of America Corp DE bought a new position in shares of BlackRock during the 2nd quarter valued at $4,409,095,000. Santa Clara Valley Transportation Authority purchased a new position in BlackRock in the 2nd quarter worth $129,138,253,000. Finally, Auto Owners Insurance Co raised its position in BlackRock by 106,934.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock worth $128,441,000 after purchasing an additional 1,283,208 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Trading Up 1.1%

BlackRock stock traded up $12.29 during trading hours on Friday, reaching $1,133.07. The stock had a trading volume of 1,172,342 shares, compared to its average volume of 587,276. The stock has a market cap of $175.48 billion, a PE ratio of 25.76, a PEG ratio of 1.23 and a beta of 1.41. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,187.17. 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 company has a fifty day simple moving average of $1,106.23 and a 200-day simple moving average of $1,062.85.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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 firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.43 earnings per share. Analysts forecast that BlackRock will post 56.28 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, September 8th. BlackRock’s payout ratio is currently 52.11%.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery
• Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story
• Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock
• Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market
• Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings.
• Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows
• Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BLK. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. Barclays reduced their price objective on BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Research lowered BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $1,389.00 target price on shares of BlackRock in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,312.06.

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.