BlackRock $BLK Stock: Curated Wealth Partners LLC Decreases Position

Curated Wealth Partners LLC lessened its holdings in shares of BlackRock (NYSE:BLK) by 97.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,993 shares of the asset manager’s stock after selling 248,092 shares during the quarter. BlackRock makes up about 0.5% of Curated Wealth Partners LLC’s portfolio, making the stock its 23rd biggest holding. Curated Wealth Partners LLC’s holdings in BlackRock were worth $6,342,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BLK. RMG Wealth Management LLC purchased a new stake in shares of BlackRock in the 1st quarter valued at approximately $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in BlackRock in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of BlackRock during the second quarter worth $30,000. Finally, Wilkerson Advisory Group LLC increased its stake in BlackRock by 100.0% during the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager’s stock worth $33,000 after purchasing an additional 17 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong quarterly results: BlackRock reported adjusted EPS of $15.93 versus the $14.32 consensus estimate, while revenue rose 19.1% year over year to $7.75 billion, exceeding expectations. Net income and profit also benefited from resilient markets, higher performance fees and technology revenue growth. BlackRock profit jumps as resilient markets boost fees
• Positive Sentiment: Record AUM and inflows: Assets under management reached approximately $15.5 trillion after $205 billion of quarterly net inflows, including about $135 billion into ETFs. Strong demand across iShares, fixed income, institutional strategies and private markets supports recurring fee revenue and organic growth. How record ETF inflows and earnings strength will impact BlackRock investors
• Positive Sentiment: Growth opportunities and analyst support: Management highlighted AI infrastructure financing, tokenization, private-market fundraising and higher-fee products as potential long-term growth drivers. Keefe, Bruyette & Woods raised its price target to $1,310 with an outperform rating, while Bank of America raised its target to $1,313 and reiterated Buy. BLK Q3 earnings call puts AI financing and fees in focus
• Neutral Sentiment: AI exposure is both an opportunity and a debate: CEO Larry Fink said continued data-center investment could support economic growth, but his comments may attract scrutiny because BlackRock could benefit financially from AI-related infrastructure financing.
• Negative Sentiment: Market and flow risks remain: Bitcoin and ether ETFs recorded roughly $391 million in combined outflows, including reversals at BlackRock, while the firm has reduced U.S. stock exposure in favor of Treasuries. Higher yields, inflation uncertainty and potential weakness in risk assets could pressure fee revenue and asset valuations. Bitcoin and Ether ETFs lose $391 million

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLK. Bank of America lifted their target price on BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Weiss Ratings cut BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on BlackRock from $1,435.00 to $1,449.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research downgraded shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Keefe, Bruyette & Woods boosted their target price on BlackRock from $1,290.00 to $1,310.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,312.06.

BlackRock Price Performance

Shares of NYSE:BLK traded up $34.87 during trading on Thursday, hitting $1,108.66. 423,894 shares of the stock were exchanged, compared to its average volume of 736,571. The company has a fifty day moving average price of $1,106.43 and a two-hundred day moving average price of $1,061.02. The company has a market cap of $171.70 billion, a PE ratio of 26.52, a P/E/G ratio of 1.20 and a beta of 1.41. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,209.89. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the prior year, the firm earned $8.43 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, analysts forecast that BlackRock will post 55.70 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s dividend payout ratio is presently 54.78%.

BlackRock 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.