Bleakley Financial Group LLC Buys Shares of 10,028 Block, Inc. $XYZ

Bleakley Financial Group LLC bought a new stake in Block, Inc. (NYSE:XYZ) during the fourth quarter, Holdings Channel reports. The institutional investor bought 10,028 shares of the technology company’s stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYZ. Baird Financial Group Inc. purchased a new position in Block in the second quarter valued at about $1,866,000. Brown Advisory Inc. purchased a new position in Block in the second quarter valued at about $516,000. Jump Financial LLC purchased a new position in Block in the second quarter valued at about $385,000. Federated Hermes Inc. purchased a new position in Block in the second quarter valued at about $53,000. Finally, Cerity Partners LLC purchased a new position in Block in the second quarter valued at about $1,861,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Amrita Ahuja sold 30,919 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the transaction, the chief financial officer owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. The trade was a 5.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the transaction, the insider directly owned 601,002 shares of the company’s stock, valued at $40,874,146.02. This represents a 1.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 49,485 shares of company stock worth $3,573,346 over the last quarter. 11.37% of the stock is currently owned by company insiders.

Block Price Performance

Shares of NYSE:XYZ opened at $75.69 on Friday. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The business has a 50-day moving average of $66.96 and a two-hundred day moving average of $63.79. The stock has a market capitalization of $45.05 billion, a P/E ratio of 59.14, a P/E/G ratio of 0.97 and a beta of 2.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion during the quarter. During the same period in the prior year, the firm earned $0.56 EPS. Block’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities research analysts predict that Block, Inc. will post 2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XYZ has been the topic of a number of recent research reports. TD Cowen boosted their target price on Block from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $90.00 price target on shares of Block in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.12.

Block Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.