2,032 BlackRock $BLK Shares Purchased by Monument Capital Management

Monument Capital Management raised its position in BlackRock (NYSE:BLK) by 800.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,286 shares of the asset manager’s stock after purchasing an additional 2,032 shares during the quarter. Monument Capital Management’s holdings in BlackRock were worth $2,419,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pacifica Partners Inc. boosted its stake in BlackRock by 207.7% in the third quarter. Pacifica Partners Inc. now owns 80 shares of the asset manager’s stock worth $85,000 after purchasing an additional 54 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of BlackRock by 1.9% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 43,823 shares of the asset manager’s stock worth $46,377,000 after purchasing an additional 800 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of BlackRock by 175.2% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 1,968 shares of the asset manager’s stock valued at $2,083,000 after buying an additional 1,253 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of BlackRock by 358.3% in the third quarter. Farther Finance Advisors LLC now owns 20,102 shares of the asset manager’s stock valued at $21,274,000 after buying an additional 15,716 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of BlackRock by 968.1% in the third quarter. CoreCap Advisors LLC now owns 3,781 shares of the asset manager’s stock valued at $4,001,000 after buying an additional 3,427 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s shares have gained 6.8% over the past six months, supported by record assets under management, strategic acquisitions, strong investment demand, and its diversified product lineup. However, analysts caution that the stock’s elevated valuation could limit additional upside. BLK Shares Rally 6.8% in Six Months: Is There Further Upside Left?
• Positive Sentiment: BlackRock is reportedly in exclusive discussions to acquire Stack Infrastructure’s Asia-Pacific data-center assets in a potential $20 billion-to-$25 billion transaction. The deal would increase exposure to AI and cloud infrastructure, though its size also raises execution and financing considerations. BlackRock in Exclusive Talks on $20 Billion Data Center Deal
• Positive Sentiment: BlackRock continues to promote growth in digital assets and tokenization, including tokenized money-market funds, stablecoins, Bitcoin, and AI-driven crypto payments. Its crypto portfolio reportedly increased by more than $291 million over four days, highlighting potential long-term fee and product opportunities. BlackRock’s Nikhil Sharma Pitches Tokenized Money Market Funds
• Neutral Sentiment: Fixed-income chief Rick Rieder said short-term bonds remain attractive and indicated a hawkish Federal Reserve positioning. Higher rates can support fixed-income demand but may pressure equity valuations and risk assets. BlackRock’s Rieder on Yield Curve and Federal Reserve Rate Hikes
• Negative Sentiment: U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows, with BlackRock’s iShares Bitcoin Trust accounting for $207.7 million. The withdrawals reduce near-term sentiment around crypto-related asset growth and fee revenue. US Bitcoin ETFs See $485 Million Outflow
• Negative Sentiment: BlackRock is scheduled to report quarterly results next week. While Wall Street expects earnings growth, a Zacks analysis says the company may lack the typical indicators for a significant earnings beat, increasing event risk for the stock. BlackRock Reports Next Week
• Negative Sentiment: The Rosen Law Firm is investigating potential securities claims involving BlackRock mutual funds, citing allegations of materially misleading business information. The announcement creates reputational and potential legal overhang, although it does not establish wrongdoing. BlackRock Investor News

BlackRock Price Performance

Shares of BLK stock opened at $1,067.09 on Friday. The stock has a 50-day moving average price of $1,110.01 and a 200 day moving average price of $1,058.13. 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 firm has a market cap of $165.26 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.21 and a beta of 1.41. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company posted $12.05 EPS. Research analysts expect that BlackRock will post 55.73 EPS for the current year.

BlackRock Dividend Announcement

The firm 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 dividend payout ratio is currently 54.78%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group reduced their price target on shares of BlackRock from $1,320.00 to $1,277.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley dropped their target price on shares of BlackRock from $1,488.00 to $1,479.00 and set an “overweight” rating for the company in a research note on Friday, September 25th. Evercore reiterated an “outperform” rating and set a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Bank of America raised their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,303.35.

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.