BlackRock $BLK Stock: Robeco Institutional Asset Management B.V. Increases Holdings

Robeco Institutional Asset Management B.V. grew its holdings in BlackRock (NYSE:BLK) by 38.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,695 shares of the asset manager’s stock after purchasing an additional 3,552 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in BlackRock were worth $13,435,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. 55 North Private Wealth LLC increased its holdings in shares of BlackRock by 33.9% during the third quarter. 55 North Private Wealth LLC now owns 363 shares of the asset manager’s stock worth $384,000 after buying an additional 92 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in BlackRock by 28.1% during the 3rd quarter. Prentice Wealth Management LLC now owns 360 shares of the asset manager’s stock worth $381,000 after acquiring an additional 79 shares during the last quarter. Norway Savings Bank increased its position in BlackRock by 6.2% in the 3rd quarter. Norway Savings Bank now owns 3,152 shares of the asset manager’s stock valued at $3,336,000 after acquiring an additional 185 shares during the period. Commonwealth Financial Services LLC raised its stake in shares of BlackRock by 5.1% during the third quarter. Commonwealth Financial Services LLC now owns 226 shares of the asset manager’s stock valued at $239,000 after acquiring an additional 11 shares during the last quarter. Finally, Vision Capital Management Inc. bought a new position in BlackRock during the 3rd quarter worth $210,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETFs were among the leading beneficiaries of a three-day buying streak, with U.S. Bitcoin ETFs attracting $524.8 million on October 21. Sustained inflows can increase assets under management and fee revenue for BlackRock. Bitcoin ETFs Draw $524.8 Million As BlackRock And Fidelity Lead
• Positive Sentiment: The company filed for the iShares Bitcoin Managed Protection ETF, designed to provide Bitcoin exposure with downside-management features, and launched an actively managed robotics ETF. The products broaden BlackRock’s crypto, artificial-intelligence, and thematic ETF lineup and could support future asset gathering. BlackRock Files Bitcoin Protection ETF And Launches Active Robotics Fund
• Positive Sentiment: BlackRock’s HPS Investment Partners plans to invest up to $434.6 million in TBS Energi Utama, highlighting continued expansion of its private-markets and alternative-investment platform. BlackRock’s HPS Investment Partners to Invest Up to $434.6 million in TBS Energi Utama
• Neutral Sentiment: BlackRock joined the Depository Trust & Clearing Corporation’s tokenization initiative with Ripple Prime and JPMorgan. The move strengthens BlackRock’s institutional digital-asset positioning, although its effect on fee revenue and earnings remains uncertain. Ripple Joined DTCC’s Tokenization Push
• Negative Sentiment: CEO Larry Fink warned that a slowdown in data-center construction could raise inflation and contribute to a U.S. recession, adding to macroeconomic concerns for asset managers and markets. Larry Fink Warns Data Center Slowdown Could Push US Into Recession
• Negative Sentiment: The reported transfer of crypto assets to Coinbase Prime may be viewed as a possible liquidation signal, even though there is no confirmation that BlackRock or its ETF investors are selling. BlackRock Moved $262 Million in Bitcoin to Coinbase

BlackRock Stock Performance

Shares of BLK stock opened at $1,117.12 on Friday. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,187.17. The firm has a market capitalization of $173.01 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41. The firm has a fifty day simple moving average of $1,103.45 and a two-hundred day simple moving average of $1,068.93. 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 quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.32 by $1.61. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.43 EPS. Analysts forecast that BlackRock will post 57.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research cut BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Jefferies Financial Group upped their price objective on shares of BlackRock from $1,222.00 to $1,260.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. TD Cowen raised BlackRock from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,212.00 to $1,405.00 in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,337.19.

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.