BlackRock $BLK Stock: KMG Fiduciary Partners LLC Boosts Holdings

KMG Fiduciary Partners LLC lifted its holdings in BlackRock (NYSE:BLK) by 356.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,826 shares of the asset manager’s stock after purchasing an additional 32,661 shares during the quarter. BlackRock accounts for approximately 4.1% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 6th biggest holding. KMG Fiduciary Partners LLC’s holdings in BlackRock were worth $44,264,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Salem Investment Counselors Inc. lifted its position in BlackRock by 186.2% during the 3rd quarter. Salem Investment Counselors Inc. now owns 269 shares of the asset manager’s stock worth $285,000 after buying an additional 175 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in shares of BlackRock by 11.7% during the 3rd quarter. Signal Advisors Wealth LLC now owns 343 shares of the asset manager’s stock worth $363,000 after buying an additional 36 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of BlackRock by 316.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,198 shares of the asset manager’s stock valued at $5,501,000 after acquiring an additional 3,951 shares in the last quarter. Krilogy Financial LLC grew its holdings in shares of BlackRock by 57.1% in the 3rd quarter. Krilogy Financial LLC now owns 7,237 shares of the asset manager’s stock valued at $7,659,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Maltin Wealth Management Inc. bought a new position in shares of BlackRock in the 3rd quarter valued at about $214,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BLK shares. Keefe, Bruyette & Woods raised BlackRock from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 7th. BMO Capital Markets increased their price target on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Evercore restated an “outperform” rating and issued a $1,275.00 price target on shares of BlackRock in a research note on Friday. TD Cowen raised their price target on BlackRock from $1,190.00 to $1,212.00 and gave the company a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,309.88.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock-backed funds and accounts managed by HPS Investment Partners are forming a majority-owned joint venture with Humana to manage nearly 150 CenterWell senior-care clinics. The deal expands BlackRock’s private-market presence and could generate management and investment fees. Humana Announces New Strategic Joint Venture with BlackRock
• Positive Sentiment: Funds managed by BlackRock are co-leading a $200 million financing for 3D-printed homebuilder Icon, highlighting the firm’s ability to deploy capital into private growth companies and alternative assets. BlackRock and Baillie Gifford bet big on Icon 3D printed homes
• Positive Sentiment: The RBC iShares platform launched a new actively managed artificial-intelligence and technology ETF, adding to BlackRock’s product lineup and potential fee-generating assets. The RBC iShares Alliance Expands Lineup
• Positive Sentiment: TD Cowen raised its BlackRock price target to $1,212 from $1,190, although it maintained a Hold rating. BlackRock Given New Price Target at TD Cowen
• Neutral Sentiment: BlackRock is scheduled to report third-quarter results shortly, with analysts expecting continued growth and strong asset inflows. The report could be the next major catalyst for BLK.
• Neutral Sentiment: The BlackRock Foundation is funding a SaverLife financial-wellness app for more than 75,000 skilled-trades apprentices. The initiative supports the company’s workforce-development profile but is unlikely to materially affect near-term earnings. SaverLife and The BlackRock Foundation Partnership
• Negative Sentiment: BlackRock’s investment strategists moved U.S. Treasuries to overweight and closed their U.S. stock overweight, citing more attractive yields after the bond selloff. The shift signals caution toward equities and could raise concerns about market conditions affecting asset flows. BlackRock cools on US stocks, turns bullish on short-dated Treasuries
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) recorded approximately $65.4 million in net outflows, representing the entire day’s withdrawals from U.S. spot Bitcoin ETFs. Continued redemptions could pressure fee revenue and investor sentiment. Bitcoin ETF Outflows Reach $65 Million
• Negative Sentiment: A viral claim that BlackRock assigned XRP a $32.91 price target appears to be unsupported, limiting any potential benefit from the speculation and underscoring misinformation risk around crypto-related headlines. Did BlackRock Really Put a $32.91 Price Target on XRP?

BlackRock Price Performance

Shares of NYSE BLK opened at $1,068.07 on Wednesday. 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 business’s 50 day moving average price is $1,107.58 and its two-hundred day moving average price is $1,060.27. The company has a market cap of $165.41 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. BlackRock has a twelve month low of $917.39 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period last year, the firm posted $12.05 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis. On average, analysts predict that BlackRock will post 55.69 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. BlackRock’s payout ratio is presently 54.78%.

BlackRock Company 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.