L. Roy Papp & Associates LLP Has $42.94 Million Stock Position in BlackRock $BLK

L. Roy Papp & Associates LLP lowered its holdings in BlackRock (NYSE:BLK) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,829 shares of the asset manager’s stock after selling 550 shares during the period. BlackRock makes up about 4.8% of L. Roy Papp & Associates LLP’s holdings, making the stock its 3rd biggest position. L. Roy Papp & Associates LLP’s holdings in BlackRock were worth $42,938,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BLK. Welch Group LLC grew its stake in BlackRock by 1.2% in the 2nd quarter. Welch Group LLC now owns 760 shares of the asset manager’s stock valued at $797,000 after buying an additional 9 shares in the last quarter. Stanley Laman Group Ltd. boosted its holdings in shares of BlackRock by 2.7% in the second quarter. Stanley Laman Group Ltd. now owns 340 shares of the asset manager’s stock worth $357,000 after acquiring an additional 9 shares during the period. CNB Bank grew its position in shares of BlackRock by 9.6% in the second quarter. CNB Bank now owns 103 shares of the asset manager’s stock valued at $108,000 after purchasing an additional 9 shares in the last quarter. Magellan Asset Management Ltd raised its stake in shares of BlackRock by 14.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 72 shares of the asset manager’s stock valued at $76,000 after purchasing an additional 9 shares during the period. Finally, FAS Wealth Partners Inc. lifted its holdings in BlackRock by 1.1% during the 2nd quarter. FAS Wealth Partners Inc. now owns 817 shares of the asset manager’s stock worth $857,000 after purchasing an additional 9 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock

In related news, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the completion of the sale, the chief financial officer owned 6,209 shares in the company, valued at $6,478,346.42. The trade was a 16.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rachel Lord sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the sale, the director directly owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This represents a 62.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLK. JPMorgan Chase & Co. lifted their target price on BlackRock from $1,093.00 to $1,242.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Wall Street Zen cut shares of BlackRock from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BlackRock in a report on Monday. BMO Capital Markets raised their price target on shares of BlackRock from $1,280.00 to $1,300.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of BlackRock from $1,390.00 to $1,322.00 and set an “outperform” rating on the stock in a report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,316.18.

Key Stores Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Morgan Stanley reaffirmed an Overweight rating, supporting demand expectations and giving BLK near-term analyst support. Morgan Stanley note
• Positive Sentiment: BlackRock Canada cut management fees on several core iShares ETF portfolios (effective Dec. 18), which should help competitiveness and could lift AUM/flows in Canada. Fee cut press release
• Positive Sentiment: Wall Street remains generally constructive: multiple recent buy/overweight ratings and above-consensus price targets point to continued analyst conviction in BLK’s long-term earnings power. Analyst notes summary
• Neutral Sentiment: BlackRock signed an MoU with Mastercard and others to promote blockchain adoption in the Middle East — a strategic partnership that’s incremental for growth but not immediately material to earnings. PYMNTS article
• Neutral Sentiment: Eni sold a 49.99% stake in its carbon capture unit to GIP (BlackRock’s infrastructure fund) giving joint control — a sign of GIP deal activity and infrastructure exposure but limited immediate impact on BLK’s public earnings. Reuters
• Neutral Sentiment: Comparative valuation pieces (e.g., IVZ vs BLK) are circulating but don’t change fundamentals; useful for allocators weighing expense/return trade-offs. Zacks comparison
• Negative Sentiment: Deutsche Bank issued a pessimistic forecast for BLK’s stock, which likely contributed to selling pressure from model/quant funds and some institutional rebalancing. Deutsche Bank note
• Negative Sentiment: Keefe, Bruyette & Woods reduced expectations for BLK, adding to the negative analyst noise and pressuring sentiment. KBW note
• Negative Sentiment: Crypto flows: large spot-Bitcoin ETF inflows were reported (helpful) but BlackRock also moved BTC/ETH to exchanges for redemptions, sparking market volatility and headlines blaming BLK for short-term crypto declines — this fuels risk-off in ETFs and hurt sentiment. Blockonomi NewsBTC
• Negative Sentiment: Large insider selling activity has been reported recently, which can amplify downside as it raises governance/flow concerns among some investors. QuiverQuant insider summary

BlackRock Price Performance

BLK stock opened at $1,059.34 on Friday. The firm has a 50 day simple moving average of $1,082.73 and a two-hundred day simple moving average of $1,090.73. The stock has a market cap of $164.36 billion, a PE ratio of 27.24, a P/E/G ratio of 1.67 and a beta of 1.47. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 3.33.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.22 billion. During the same quarter last year, the business posted $11.46 EPS. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. On average, analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Friday, December 5th will be paid a dividend of $5.21 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $20.84 annualized dividend and a yield of 2.0%. BlackRock’s payout ratio is 53.59%.

BlackRock Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.