BlackRock $BLK Stock: Frank Rimerman Advisors LLC Increases Holdings

Frank Rimerman Advisors LLC grew its position in BlackRock (NYSE:BLK) by 1,786.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,868 shares of the asset manager’s stock after purchasing an additional 10,292 shares during the quarter. BlackRock makes up approximately 0.6% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 28th largest holding. Frank Rimerman Advisors LLC’s holdings in BlackRock were worth $11,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BLK. RMG Wealth Management LLC bought a new stake in shares of BlackRock during the 1st quarter worth $25,000. Addison Advisors LLC bought a new position in BlackRock in the 2nd quarter worth $25,000. Kelly Lawrence W & Associates Inc. CA bought a new position in BlackRock in the 2nd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in BlackRock during the 2nd quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in BlackRock during the 4th quarter worth $36,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Trading Up 1.1%

Shares of BlackRock stock opened at $1,133.07 on Friday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,187.17. The company’s fifty day simple moving average is $1,106.23 and its 200-day simple moving average is $1,062.85. The company has a market cap of $175.48 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.25 and a beta of 1.41. 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 (NYSE:BLK) last released its earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same period in the prior year, the company earned $8.43 EPS. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that BlackRock will post 57.47 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a dividend of $5.73 per share. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. BlackRock’s payout ratio is presently 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

BLK has been the subject of a number of recent analyst reports. Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. BNP Paribas Exane lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. TD Cowen lifted their price objective on BlackRock from $1,190.00 to $1,212.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. Wells Fargo & Company boosted their price objective on BlackRock from $1,230.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley decreased their target price on BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,312.06.

BlackRock Profile

BlackRock, Inc is a global investment management and financial technology company headquartered in New York. Founded in 1988, the company provides investment, technology and advisory services to institutional and individual investors, governments, foundations and other clients worldwide.

BlackRock offers a broad range of investment products and strategies, including equity and fixed-income funds, index funds, exchange-traded funds through its iShares business, multi-asset portfolios, cash-management products and alternative investments.