BlackRock $BLK Stock Bought by Kintegral Advisory LLC

Kintegral Advisory LLC boosted its position in shares of BlackRock (NYSE:BLK – Free Report) by 263.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,648 shares of the asset manager’s stock after purchasing an additional 18,595 shares during the quarter. BlackRock comprises about 2.0% of Kintegral Advisory LLC’s portfolio, making the stock its 7th biggest position. Kintegral Advisory LLC’s holdings in BlackRock were worth $27,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RKL Wealth Management LLC grew its position in shares of BlackRock by 6.7% during the 3rd quarter. RKL Wealth Management LLC now owns 649 shares of the asset manager’s stock worth $687,000 after buying an additional 41 shares in the last quarter. Hengehold Capital Management LLC increased its stake in shares of BlackRock by 18.5% during the third quarter. Hengehold Capital Management LLC now owns 6,238 shares of the asset manager’s stock valued at $6,602,000 after buying an additional 975 shares during the period. Beaumont Asset Management L.L.C. raised its holdings in shares of BlackRock by 4.9% in the third quarter. Beaumont Asset Management L.L.C. now owns 2,853 shares of the asset manager’s stock valued at $3,020,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of BlackRock by 917.8% in the third quarter. TD Waterhouse Canada Inc. now owns 157,164 shares of the asset manager’s stock valued at $166,325,000 after acquiring an additional 141,723 shares in the last quarter. Finally, WealthBridge Capital Management LLC bought a new stake in shares of BlackRock in the third quarter valued at about $335,000. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Up 1.1%

Shares of BLK traded up $12.29 during trading hours on Friday, hitting $1,133.07. The company had a trading volume of 1,172,342 shares, compared to its average volume of 587,276. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $175.48 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.41. BlackRock has a one year low of $917.39 and a one year high of $1,187.17. The company’s fifty day moving average price is $1,106.23 and its two-hundred day moving average price is $1,062.85.

BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, beating analysts’ consensus estimates of $14.32 by $1.61. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter last year, the company earned $8.43 earnings per share. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities analysts forecast that BlackRock will post 56.28 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders 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 2.0%. The ex-dividend date was Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is currently 52.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and set a $1,389.00 target price on shares of BlackRock in a research report on Thursday, July 16th. Wells Fargo & Company boosted their price target on shares of BlackRock from $1,230.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday. Barclays lowered their price target on shares of BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Truist Financial set a $1,310.00 price target on shares of BlackRock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,312.06.

Get Our Latest Analysis on BLK

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

  • Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery
  • Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story
  • Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock
  • Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market
  • Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings.
  • Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows
  • Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs

BlackRock Profile

(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.

See Also

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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