BlackRock $BLK Holdings Raised by Lido Advisors LLC

Lido Advisors LLC increased its stake in BlackRock (NYSE:BLK) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,005 shares of the asset manager’s stock after purchasing an additional 2,241 shares during the quarter. Lido Advisors LLC’s holdings in BlackRock were worth $43,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. Narwhal Capital Management raised its holdings in BlackRock by 2.1% during the third quarter. Narwhal Capital Management now owns 19,179 shares of the asset manager’s stock worth $20,296,000 after purchasing an additional 391 shares in the last quarter. Csenge Advisory Group lifted its position in BlackRock by 10.5% in the third quarter. Csenge Advisory Group now owns 473 shares of the asset manager’s stock worth $501,000 after purchasing an additional 45 shares during the period. 71 West Capital Partners boosted its stake in BlackRock by 1.2% during the 3rd quarter. 71 West Capital Partners now owns 23,437 shares of the asset manager’s stock valued at $24,803,000 after purchasing an additional 289 shares in the last quarter. AlphaCore Capital LLC boosted its stake in BlackRock by 11.6% during the 3rd quarter. AlphaCore Capital LLC now owns 7,636 shares of the asset manager’s stock valued at $8,081,000 after purchasing an additional 792 shares in the last quarter. Finally, Clear Wave Wealth Management LLC acquired a new position in shares of BlackRock during the 3rd quarter valued at $210,000. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BLK. BMO Capital Markets boosted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Monday, October 19th. Wells Fargo & Company upped their price objective on BlackRock from $1,230.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. raised their target price on BlackRock from $1,435.00 to $1,449.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Morgan Stanley lifted their target price on BlackRock from $1,468.00 to $1,531.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Finally, TD Cowen raised BlackRock from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,212.00 to $1,405.00 in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,342.25.

BlackRock Price Performance

BLK opened at $1,221.37 on Wednesday. The stock has a fifty day moving average of $1,107.31 and a 200-day moving average of $1,066.33. The firm has a market capitalization of $189.15 billion, a P/E ratio of 27.77, a PEG ratio of 1.26 and a beta of 1.37. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,242.12. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.28.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, topping the consensus estimate of $14.32 by $1.61. BlackRock had a return on equity of 15.60% and a net margin of 24.22%. The business had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter last year, the firm posted $8.43 earnings per share. BlackRock’s revenue was up 19.1% compared to the same quarter last year. Equities analysts forecast that BlackRock will post 57.82 EPS for the current fiscal year.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: A BlackRock valuation analysis argues the stock may be about 5% undervalued, citing potential returns from its AI-related investments and other growth initiatives. This is an opinion, not a company forecast. Article: BlackRock Stock May Be 5% Undervalued
• Positive Sentiment: BlackRock-backed tokenization firm Securitize agreed to acquire River One to expand into asset-backed lending. The deal could broaden the platform’s business, though any benefit to BlackRock is indirect and likely not an immediate earnings driver. Article: Securitize Agrees to Buy River One
• Neutral Sentiment: Reports describe rising interest in converting digital assets through in-kind transactions amid security concerns. Such conversions may shift custody to BlackRock’s products, but do not necessarily represent new investment or fresh ETF inflows. Article: BlackRock Sees Billions in Crypto ETF Conversions
• Neutral Sentiment: BlackRock Canada expects a large cash distribution from its XRB bond ETF after bonds mature. This is a fund-level distribution—not a payout to BLK shareholders—and reflects the lack of new Canadian real-return bonds available for reinvestment. Article: BlackRock Canada Announces a Special Distribution
• Negative Sentiment: Crypto-fund redemptions are the clearest near-term concern. IBIT recorded about $213 million in Bitcoin ETF outflows on Nov. 9, extending its streak to seven sessions and bringing cumulative withdrawals to $1.66 billion. BlackRock’s Ether funds also saw roughly $140 million in combined outflows that day. Continued asset withdrawals could weigh on sentiment and fee-generating assets. Article: BlackRock Bitcoin ETF Outflows Hit $1.66B

About BlackRock

BlackRock, Inc. is a global investment management and financial technology company serving individuals, institutions, governments and other organizations. Founded in 1988, the company is headquartered in New York City and operates in markets around the world. BlackRock offers investment products and services across asset classes, including equities, fixed income, cash management and alternative investments. Its offerings include exchange-traded funds and other funds under the iShares brand, as well as portfolio management, investment advisory and risk management services.