BlackRock $BLK Holdings Boosted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its holdings in shares of BlackRock (NYSE:BLK) by 1,516.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,391 shares of the asset manager’s stock after buying an additional 8,810 shares during the period. Sax Wealth Advisors LLC’s holdings in BlackRock were worth $9,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of BlackRock in the second quarter worth approximately $9,747,857,000. Corient Private Wealth LLC lifted its position in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Temasek Holdings Private Ltd boosted its stake in shares of BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock worth $5,126,387,000 after buying an additional 237,667 shares during the last quarter. Bank of America Corp DE lifted its holdings in BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock worth $5,032,603,000 after acquiring an additional 35,069 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of BlackRock by 23.3% during the 2nd quarter. Wellington Management Group LLP now owns 4,495,074 shares of the asset manager’s stock valued at $4,322,283,000 after purchasing an additional 850,406 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Down 0.8%

NYSE:BLK traded down $8.73 during trading hours on Tuesday, reaching $1,075.19. The company’s stock had a trading volume of 222,221 shares, compared to its average volume of 734,289. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $166.51 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.22 and a beta of 1.41. The firm has a 50-day simple moving average of $1,108.87 and a 200-day simple moving average of $1,059.65. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share 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 analyst estimates of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 EPS. BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. Research analysts expect that BlackRock will post 55.71 EPS for the current fiscal 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 paid a $5.73 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research reports. Evercore reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of BlackRock in a report on Friday. Weiss Ratings downgraded shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Morgan Stanley dropped their price target on shares of BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on BlackRock from $1,364.00 to $1,435.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Finally, Barclays reduced their price objective on shares of BlackRock from $1,450.00 to $1,420.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,309.88.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock funds and accounts managed by HPS Investment Partners are forming a joint venture with Humana to manage nearly 150 CenterWell senior-care clinics. The venture is expected to reduce Humana’s liabilities while giving BlackRock exposure to a large healthcare-services platform. Humana Announces New Strategic Joint Venture with BlackRock
• Positive Sentiment: Funds managed by BlackRock are among the co-lead investors in Icon’s $200 million Series D financing for 3D-printed homes. The deal values Icon at approximately $1.4 billion and expands BlackRock’s private-markets exposure. BlackRock and Baillie Gifford Invest in Icon
• Positive Sentiment: The RBC iShares alliance launched the iShares A.I. Innovation and Tech ETF, potentially supporting product growth and further diversifying BlackRock’s ETF lineup. RBC iShares Launches New AI ETF
• Neutral Sentiment: TD Cowen raised its price target to $1,212 but maintained a “hold” rating, indicating potential valuation upside without a strong near-term bullish catalyst.
• Negative Sentiment: BlackRock’s investment research unit shifted from an extended underweight view on U.S. stocks to an overweight position in short-dated Treasuries after yields exceeded 5%. The move signals a more cautious market outlook and could concern investors seeking continued equity-driven asset growth. BlackRock Turns Bullish on Short-Dated Treasuries
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust recorded $65.4 million in net outflows, accounting for all withdrawals from U.S. spot Bitcoin ETFs during the reported session. Continued redemptions could pressure fee revenue and sentiment around the firm’s digital-assets business. Bitcoin ETF Outflows
• Negative Sentiment: Investors are focused on BlackRock’s upcoming earnings report, with commentary suggesting the shares are priced for disappointment amid concerns about private credit and whether assets under management can offset those risks. BlackRock Earnings Preview

BlackRock 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.