BlackRock $BLK Stock Bought by Wedmont Private Capital

Wedmont Private Capital boosted its holdings in BlackRock (NYSE:BLK) by 432.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,340 shares of the asset manager’s stock after purchasing an additional 10,834 shares during the period. Wedmont Private Capital’s holdings in BlackRock were worth $14,118,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. RMG Wealth Management LLC purchased a new position in shares of BlackRock in the 1st quarter worth about $25,000. Addison Advisors LLC bought a new stake in BlackRock in the second quarter worth about $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in BlackRock in the second quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock during the 2nd quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $36,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Analyst upgrade: Keefe, Bruyette & Woods upgraded BlackRock from “hold” to “moderate buy,” providing a fresh positive catalyst for the shares.
• Positive Sentiment: Growth drivers remain intact: Recent analysis points to record assets under management, strategic acquisitions and strong demand across BlackRock’s investment products as support for future revenue and earnings growth. BLK Shares Rally 6.8% in Six Months: Is There Further Upside Left?
• Positive Sentiment: Product and distribution strength: BlackRock’s income-fund performance and its expanding role in digital assets and institutional settlement infrastructure highlight potential avenues for asset gathering and fee growth.
• Positive Sentiment: Upcoming earnings focus: Analysts are examining third-quarter 2026 projections beyond revenue and EPS, including key operating metrics. Strong results or improving asset flows could reinforce the bullish case. Exploring Analyst Estimates for BlackRock Q3 Earnings
• Neutral Sentiment: Interest-rate outlook: BlackRock fixed-income chief Rick Rieder described front-end yields as attractive and indicated a hawkish Federal Reserve positioning. Higher yields may benefit money-market and fixed-income demand, although tighter policy can pressure broader markets.
• Negative Sentiment: Bitcoin ETF outflows: BlackRock’s iShares Bitcoin Trust reportedly led U.S. spot Bitcoin ETF withdrawals with $207.7 million during a broader $484.9 million industry outflow, potentially weighing on digital-asset-related fee revenue and sentiment. US Bitcoin ETFs See $485 Million Outflow
• Negative Sentiment: Valuation and legal overhang: Analysts caution that BlackRock’s premium valuation may constrain further gains, while a law-firm investigation into alleged misleading disclosures involving mutual funds adds reputational and litigation risk.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BLK shares. Barclays dropped their price objective on BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating on the stock in a research note on Wednesday. Evercore restated an “outperform” rating and issued a $1,275.00 target price on shares of BlackRock in a research note on Friday. Wells Fargo & Company cut their price target on BlackRock from $1,245.00 to $1,230.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group dropped their price objective on shares of BlackRock from $1,320.00 to $1,277.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and a consensus target price of $1,304.24.

BlackRock Price Performance

Shares of BlackRock stock traded up $15.48 on Friday, reaching $1,080.84. The stock had a trading volume of 169,423 shares, compared to its average volume of 737,995. The business’s 50 day moving average is $1,110.01 and its two-hundred day moving average is $1,058.13. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The company has a market cap of $167.39 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the firm posted $12.05 EPS. BlackRock’s revenue was up 30.6% on a year-over-year basis. As a group, research analysts anticipate that BlackRock will post 55.73 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a $5.73 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a 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.