930 Shares in BlackRock $BLK Acquired by Elm3 Financial Group LLC

Posted by George Bondi on Oct 7th, 2026

Elm3 Financial Group LLC bought a new position in BlackRock (NYSE:BLK – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 930 shares of the asset manager’s stock, valued at approximately $984,000.

Several other hedge funds also recently modified their holdings of the company. RMG Wealth Management LLC bought a new position in BlackRock during the first quarter valued at about $25,000. Addison Advisors LLC purchased a new stake in shares of BlackRock during the second quarter valued at $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of BlackRock in the second quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in BlackRock during the 2nd quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in BlackRock in the 4th quarter worth about $36,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLK has been the topic of a number of recent research reports. UBS Group lowered their target price on BlackRock from $1,320.00 to $1,277.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Bank of America lifted their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Wells Fargo & Company started coverage on shares of BlackRock in a report on Friday, October 2nd. They set an “overweight” rating and a $1,245.00 price target for the company. Finally, BNP Paribas Exane increased their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,304.24.

Check Out Our Latest Research Report on BLK

BlackRock Price Performance

Shares of BlackRock stock traded down $11.01 during midday trading on Wednesday, hitting $1,068.41. 385,602 shares of the company were exchanged, compared to its average volume of 742,563. The firm has a 50 day simple moving average of $1,110.65 and a 200-day simple moving average of $1,057.36. 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 firm has a market cap of $165.46 billion, a P/E ratio of 25.54, a PEG ratio of 1.18 and a beta of 1.41. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94.

BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the company posted $12.05 earnings per share. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. Research analysts forecast that BlackRock will post 55.86 earnings per share for the current year.

BlackRock Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock’s payout ratio is currently 54.78%.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: BlackRock is reportedly in exclusive talks with partners to acquire Stack Infrastructure’s Asia-Pacific data-center assets for approximately $20 billion to $25 billion. A completed transaction would expand BlackRock’s exposure to AI, cloud computing and digital infrastructure, although the discussions may not result in a deal. BlackRock in talks on data-center deal
Positive Sentiment: JPMorgan raised its BlackRock price target to $1,435 from $1,364 and maintained an overweight rating, signaling confidence in the company’s earnings and longer-term growth prospects. BlackRock price target raised
Positive Sentiment: BlackRock continues to promote growth in tokenized money-market funds, stablecoin infrastructure and digital-asset products, including its Bitcoin and Ethereum ETFs. These initiatives could broaden fee revenue and institutional adoption over time. Tokenized money-market funds
Neutral Sentiment: BlackRock’s upcoming earnings report is expected to show year-over-year growth, but analysts cited by Zacks do not see a particularly strong combination of estimate revisions and earnings-surprise trends ahead of the release. This may encourage investors to wait for results. BlackRock earnings preview
Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging that investors may have received materially misleading business information. The announcement is an investor solicitation and does not establish wrongdoing, but it adds headline and litigation risk. BlackRock investor investigation
Negative Sentiment: Commentary warning that interest rates above 5% are straining borrowers and the broader economy could weigh on asset values, flows and investor risk appetite—important factors for an asset manager such as BlackRock. Higher rates pressure the economy

About BlackRock

(Free Report)

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.