442 Shares in BlackRock $BLK Bought by Leo Wealth LLC

Leo Wealth LLC purchased a new position in BlackRock (NYSE:BLK) during the 3rd quarter, HoldingsChannel reports. The firm purchased 442 shares of the asset manager’s stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. RMG Wealth Management LLC acquired a new stake in BlackRock in the first quarter worth $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock during the second quarter valued at $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of BlackRock during the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock during the second quarter worth about $30,000. Finally, Wilkerson Advisory Group LLC grew its position in shares of 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 acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BLK. Morgan Stanley increased their price objective on shares of BlackRock from $1,468.00 to $1,531.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Bank of America dropped their price target on shares of BlackRock from $1,320.00 to $1,287.00 in a research note on Monday, October 5th. Keefe, Bruyette & Woods lifted their price target on BlackRock from $1,290.00 to $1,310.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Finally, The Goldman Sachs Group reduced their price objective on BlackRock from $1,389.00 to $1,346.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,337.19.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s spot Bitcoin ETF, IBIT, attracted approximately $110 million after a run of outflows, coinciding with Bitcoin’s rebound above $80,000. Renewed crypto demand could support fee revenue and sentiment toward BlackRock’s digital-asset platform. Bitcoin Back Above $80K, IBIT Breaks Outflow Spell
• Positive Sentiment: BlackRock is reportedly an anchor investor in a $40 billion SpaceX GPU-leasing arrangement designed to finance AI and cloud infrastructure. The role highlights potential growth in private-market and infrastructure investing as demand for AI capacity accelerates. BlackRock Lands Twin AI Roles
• Positive Sentiment: BlackRock is participating in Envestnet’s white-labeled model-management programs for registered investment advisors and broker-dealers. Wider distribution of BlackRock models could increase assets under management and recurring fee revenue. Envestnet Custom Model Solutions
• Positive Sentiment: BlackRock Japan signed an agreement with SBI Holdings and Startale Group to explore linking tokenized money-market funds with a yen-pegged stablecoin. The initiative could create new distribution and settlement channels for BlackRock’s tokenized products. BlackRock Japan Explores Yen Stablecoin
• Neutral Sentiment: BlackRock filed for a Bitcoin ETF offering downside protection in exchange for capped upside. The product broadens its crypto lineup, although near-term revenue impact and investor demand remain uncertain. BlackRock Announces a New Bitcoin ETF
• Neutral Sentiment: BlackRock Canada announced routine cash distributions for the iShares Premium Money Market ETF, while new fund mandates from iA Financial Group provide additional product distribution but are unlikely to materially affect BLK’s near-term results.

BlackRock Stock Performance

Shares of BLK opened at $1,135.14 on Wednesday. The firm has a market capitalization of $175.80 billion, a price-to-earnings ratio of 25.81 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 stock’s fifty day moving average is $1,103.33 and its 200-day moving average is $1,062.94.

BlackRock (NYSE:BLK) 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. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. BlackRock’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.43 earnings per share. Analysts forecast that BlackRock will post 57.82 EPS for the current fiscal year.

About BlackRock

BlackRock, Inc is a global investment management and financial technology company headquartered in New York. Founded in 1988, the company provides investment, technology and advisory services to institutional and individual investors, governments, foundations and other clients worldwide.

BlackRock offers a broad range of investment products and strategies, including equity and fixed-income funds, index funds, exchange-traded funds through its iShares business, multi-asset portfolios, cash-management products and alternative investments.