Wedmont Private Capital raised its holdings in BlackRock (NYSE:BLK – Free Report) by 432.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,340 shares of the asset manager’s stock after buying an additional 10,834 shares during the quarter. Wedmont Private Capital’s holdings in BlackRock were worth $14,118,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. Douglas Lane & Associates LLC boosted its stake in shares of BlackRock by 250.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,432 shares of the asset manager’s stock valued at $1,515,000 after purchasing an additional 1,023 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its position 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 acquiring an additional 190 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in BlackRock by 214.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 6,225 shares of the asset manager’s stock valued at $6,588,000 after acquiring an additional 4,246 shares in the last quarter. LifeGoal Investments LLC grew its holdings in shares of BlackRock by 26.7% during the 3rd quarter. LifeGoal Investments LLC now owns 545 shares of the asset manager’s stock worth $577,000 after acquiring an additional 115 shares during the period. Finally, Monument Capital Management raised its position in shares of BlackRock by 800.0% in the 3rd quarter. Monument Capital Management now owns 2,286 shares of the asset manager’s stock worth $2,419,000 after acquiring an additional 2,032 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.
Key Stories Impacting BlackRock
Here are the key news stories impacting BlackRock this week:
- Positive Sentiment: Analyst upgrade: Keefe, Bruyette & Woods upgraded BlackRock from “hold” to “moderate buy,” providing a fresh positive catalyst for the shares.
- Positive Sentiment: Growth drivers remain intact: Recent analysis points to record assets under management, strategic acquisitions and strong demand across BlackRock’s investment products as support for future revenue and earnings growth. BLK Shares Rally 6.8% in Six Months: Is There Further Upside Left?
- Positive Sentiment: Product and distribution strength: BlackRock’s income-fund performance and its expanding role in digital assets and institutional settlement infrastructure highlight potential avenues for asset gathering and fee growth.
- Positive Sentiment: Upcoming earnings focus: Analysts are examining third-quarter 2026 projections beyond revenue and EPS, including key operating metrics. Strong results or improving asset flows could reinforce the bullish case. Exploring Analyst Estimates for BlackRock Q3 Earnings
- Neutral Sentiment: Interest-rate outlook: BlackRock fixed-income chief Rick Rieder described front-end yields as attractive and indicated a hawkish Federal Reserve positioning. Higher yields may benefit money-market and fixed-income demand, although tighter policy can pressure broader markets.
- Negative Sentiment: Bitcoin ETF outflows: BlackRock’s iShares Bitcoin Trust reportedly led U.S. spot Bitcoin ETF withdrawals with $207.7 million during a broader $484.9 million industry outflow, potentially weighing on digital-asset-related fee revenue and sentiment. US Bitcoin ETFs See $485 Million Outflow
- Negative Sentiment: Valuation and legal overhang: Analysts caution that BlackRock’s premium valuation may constrain further gains, while a law-firm investigation into alleged misleading disclosures involving mutual funds adds reputational and litigation risk.
BlackRock Stock Up 1.5%
BlackRock (NYSE:BLK – Get Free Report) last issued its earnings results 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. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business’s revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.05 earnings per share. Equities analysts predict that BlackRock will post 55.73 EPS for the current fiscal year.
BlackRock Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a $5.73 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio is 54.78%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BLK shares. JPMorgan Chase & Co. lifted their price target on BlackRock from $1,364.00 to $1,435.00 and gave the company an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of BlackRock from a “hold” rating to a “moderate buy” rating in a report on Wednesday. Bank of America increased their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,304.24.
Read Our Latest Report on BlackRock
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.
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