BlackRock $BLK Stake Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in BlackRock (NYSE:BLK) by 917.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,164 shares of the asset manager’s stock after acquiring an additional 141,723 shares during the quarter. TD Waterhouse Canada Inc. owned 0.10% of BlackRock worth $166,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BLK. BlackRock Inc. acquired a new position in shares of BlackRock in the 2nd quarter worth approximately $9,747,857,000. Corient Private Wealth LLC raised its holdings in shares of BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after purchasing an additional 5,386,640 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $4,409,095,000. Santa Clara Valley Transportation Authority acquired a new stake in BlackRock during the second quarter valued at approximately $129,138,253,000. Finally, Auto Owners Insurance Co lifted its stake in BlackRock by 106,934.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock valued at $128,441,000 after purchasing an additional 1,283,208 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 1.1%

Shares of BLK traded up $12.29 during midday trading on Friday, hitting $1,133.07. The stock had a trading volume of 1,172,342 shares, compared to its average volume of 587,276. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,187.17. The business has a 50-day simple moving average of $1,106.23 and a two-hundred day simple moving average of $1,062.85. The firm has a market cap of $175.48 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.41. 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 released its earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, topping the consensus estimate of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same period last year, the firm posted $8.43 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, equities analysts forecast that BlackRock will post 56.28 EPS for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a $5.73 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. BlackRock’s dividend payout ratio (DPR) is currently 52.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BLK shares. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $1,435.00 to $1,449.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen upped their price target on BlackRock from $1,190.00 to $1,212.00 and gave the company a “hold” rating in a report on Monday, October 12th. Evercore reiterated an “outperform” rating and set a $1,275.00 price objective on shares of BlackRock in a research report on Friday, October 9th. BMO Capital Markets increased their price objective on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, UBS Group raised their price objective on BlackRock from $1,277.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,312.06.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 results support the rally. BlackRock reported adjusted earnings of $15.93 per share, exceeding the $14.32 consensus estimate, while revenue of $7.75 billion also topped expectations and increased 19.1% year over year. Improved operating income and margins helped ease concerns about profitability. BlackRock Stock Jumps as Q3 Earnings Power Margin Recovery
• Positive Sentiment: Record inflows point to continued organic growth. BlackRock attracted approximately $205 billion in net new client assets during the quarter, lifting assets under management to roughly $15.5 trillion. Broad ETF demand, fixed income, private markets and technology fees are diversifying the company’s revenue base. How Record Inflows at BlackRock Have Changed Its Investment Story
• Positive Sentiment: Analysts raised their expectations. JPMorgan increased its price target to $1,449 and maintained an Overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated a Buy rating and lifted its target to $1,313, citing strong earnings and ETF inflows. Analysts Boost Forecasts on BlackRock
• Positive Sentiment: AI infrastructure could create new fee opportunities. Management highlighted financing for data centers and compute infrastructure, along with growth in higher-fee products, as potential longer-term earnings drivers. CEO Larry Fink’s support for continued data-center construction reinforces BlackRock’s positioning in this investment theme. BlackRock Sees Large Opportunity in Developing Compute Market
• Neutral Sentiment: BlackRock disclosed portfolio changes involving stakes in Qiagen, Suzano, Caledonia Mining and Fagron. These transactions demonstrate ongoing investment activity but are not expected to materially affect BLK’s earnings.
• Negative Sentiment: Ethereum ETFs experienced another day of net redemptions, led by BlackRock’s ETHA. Persistent crypto-fund outflows could pressure short-term fee revenue, although the impact is limited relative to BlackRock’s broader platform. Ethereum ETFs See Outflows
• Negative Sentiment: BlackRock faces tougher competition in low-cost Nasdaq-100 ETFs from State Street and other providers, while early inflows remain limited and trading volumes trail the established QQQ product. QQQ vs. Cheaper Nasdaq-100 ETFs

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.