Bullock Wealth Management Group Buys 1,888 Shares of BlackRock $BLK

Bullock Wealth Management Group lifted its stake in BlackRock (NYSE:BLK) by 184.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,913 shares of the asset manager’s stock after acquiring an additional 1,888 shares during the period. BlackRock comprises about 1.3% of Bullock Wealth Management Group’s holdings, making the stock its 13th biggest position. Bullock Wealth Management Group’s holdings in BlackRock were worth $3,083,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BLK. Riversedge Advisors LLC grew its holdings in shares of BlackRock by 17.5% during the third quarter. Riversedge Advisors LLC now owns 610 shares of the asset manager’s stock valued at $646,000 after buying an additional 91 shares during the last quarter. Wedmont Private Capital raised its stake in BlackRock by 432.3% in the 3rd quarter. Wedmont Private Capital now owns 13,340 shares of the asset manager’s stock worth $14,118,000 after acquiring an additional 10,834 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in BlackRock by 250.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,432 shares of the asset manager’s stock worth $1,515,000 after acquiring an additional 1,023 shares during the period. O Keefe Stevens Advisory Inc. grew its stake in BlackRock by 12.4% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 1,722 shares of the asset manager’s stock valued at $1,822,000 after purchasing an additional 190 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in shares of BlackRock by 214.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 6,225 shares of the asset manager’s stock valued at $6,588,000 after purchasing an additional 4,246 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded BlackRock from “hold” to “moderate buy,” providing a fresh positive analyst signal. The upgrade likely reflects confidence in BlackRock’s earnings outlook and long-term asset-management growth. BlackRock analyst upgrade reference
• Positive Sentiment: Expectations for the upcoming third-quarter report are constructive. Analysts anticipate higher revenue, earnings and assets under management, while BlackRock’s strong earnings-surprise history and favorable Earnings ESP support the possibility of another consensus beat. BlackRock earnings beat outlook
• Positive Sentiment: Record assets under management, strategic acquisitions and demand for BlackRock’s products continue to support the growth narrative. The company’s recent earnings also showed substantial year-over-year revenue growth and a sizable EPS beat, reinforcing fundamental momentum. BlackRock growth and valuation analysis
• Neutral Sentiment: BlackRock disclosed a substantial voting stake in Qiagen (QGEN). The filing confirms an ownership position but does not, by itself, indicate a material change to BlackRock’s operating outlook. BlackRock voting stake in Qiagen
• Negative Sentiment: Valuation is a key risk after BlackRock’s multiyear share-price advance. Commentary describes the stock as fairly valued or trading at a premium, meaning additional gains may require continued improvement in returns, AUM and earnings. BlackRock valuation analysis
• Negative Sentiment: Expected increases in operating expenses and potentially lower performance fees could offset some of the benefit from higher revenue, earnings and AUM. Separately, substantial outflows from U.S. spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, may weigh on sentiment toward its digital-assets franchise. BlackRock third-quarter earnings risks

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BLK shares. Evercore reiterated an “outperform” rating and issued a $1,275.00 target price on shares of BlackRock in a research report on Friday. 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. Barclays decreased their target price on shares of BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley decreased their price objective on BlackRock from $1,488.00 to $1,479.00 and set an “overweight” rating for the company in a report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,258.00 price target 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,304.24.

BlackRock Price Performance

NYSE BLK traded up $15.92 during trading hours on Friday, reaching $1,081.27. The company’s stock had a trading volume of 376,865 shares, compared to its average volume of 739,104. The firm has a market capitalization of $167.46 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.21 and a beta of 1.41. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. 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’s 50-day moving average is $1,110.01 and its two-hundred day moving average is $1,058.13.

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

BlackRock Announces Dividend

The business also recently declared 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 of this dividend was Tuesday, September 8th. 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.