640 Shares of BlackRock $BLK Acquired by Davis Investment Partners LLC

Davis Investment Partners LLC bought a new stake in shares of BlackRock (NYSE:BLK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 640 shares of the asset manager’s stock, valued at approximately $678,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Turn8 Private Wealth Inc. raised its position in shares of BlackRock by 2.1% in the third quarter. Turn8 Private Wealth Inc. now owns 3,660 shares of the asset manager’s stock worth $3,874,000 after buying an additional 77 shares in the last quarter. Inspire Trust Co. N.A. boosted its stake in BlackRock by 7.3% during the third quarter. Inspire Trust Co. N.A. now owns 4,400 shares of the asset manager’s stock valued at $4,656,000 after buying an additional 300 shares during the period. Confluence Wealth Services Inc. boosted its stake in BlackRock by 32.3% during the third quarter. Confluence Wealth Services Inc. now owns 1,595 shares of the asset manager’s stock valued at $1,688,000 after buying an additional 389 shares during the period. Mesirow Financial Investment Management Inc. grew its position in BlackRock by 0.9% during the third quarter. Mesirow Financial Investment Management Inc. now owns 23,586 shares of the asset manager’s stock worth $24,961,000 after buying an additional 200 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. grew its position in BlackRock by 6.5% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,990 shares of the asset manager’s stock worth $6,339,000 after buying an additional 368 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Performance

BlackRock stock opened at $1,221.37 on Wednesday. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,242.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a market cap of $189.15 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. The firm’s fifty day moving average price is $1,107.31 and its 200-day moving average price is $1,066.33.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.32 by $1.61. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.42 billion. BlackRock had a net margin of 24.22% and a return on equity of 15.60%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $8.43 earnings per share. On average, equities research analysts expect that BlackRock will post 57.82 earnings per share for the current fiscal year.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: A BlackRock valuation analysis argues the stock may be about 5% undervalued, citing potential returns from its AI-related investments and other growth initiatives. This is an opinion, not a company forecast. Article: BlackRock Stock May Be 5% Undervalued
• Positive Sentiment: BlackRock-backed tokenization firm Securitize agreed to acquire River One to expand into asset-backed lending. The deal could broaden the platform’s business, though any benefit to BlackRock is indirect and likely not an immediate earnings driver. Article: Securitize Agrees to Buy River One
• Neutral Sentiment: Reports describe rising interest in converting digital assets through in-kind transactions amid security concerns. Such conversions may shift custody to BlackRock’s products, but do not necessarily represent new investment or fresh ETF inflows. Article: BlackRock Sees Billions in Crypto ETF Conversions
• Neutral Sentiment: BlackRock Canada expects a large cash distribution from its XRB bond ETF after bonds mature. This is a fund-level distribution—not a payout to BLK shareholders—and reflects the lack of new Canadian real-return bonds available for reinvestment. Article: BlackRock Canada Announces a Special Distribution
• Negative Sentiment: Crypto-fund redemptions are the clearest near-term concern. IBIT recorded about $213 million in Bitcoin ETF outflows on Nov. 9, extending its streak to seven sessions and bringing cumulative withdrawals to $1.66 billion. BlackRock’s Ether funds also saw roughly $140 million in combined outflows that day. Continued asset withdrawals could weigh on sentiment and fee-generating assets. Article: BlackRock Bitcoin ETF Outflows Hit $1.66B

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLK. Evercore restated an “outperform” rating and issued a $1,275.00 target price (down from $1,300.00) on shares of BlackRock in a research note on Friday, October 9th. Keefe, Bruyette & Woods lifted their price target on BlackRock from $1,290.00 to $1,310.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. TD Cowen upgraded BlackRock from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,212.00 to $1,405.00 in a research report on Tuesday, October 20th. BNP Paribas Exane boosted their price objective on BlackRock from $1,370.00 to $1,430.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of BlackRock from $1,315.00 to $1,355.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,342.25.

About BlackRock

BlackRock, Inc. is a global investment management and financial technology company serving individuals, institutions, governments and other organizations. Founded in 1988, the company is headquartered in New York City and operates in markets around the world. BlackRock offers investment products and services across asset classes, including equities, fixed income, cash management and alternative investments. Its offerings include exchange-traded funds and other funds under the iShares brand, as well as portfolio management, investment advisory and risk management services.