Calamos Advisors LLC Acquires 452 Shares of BlackRock $BLK

Calamos Advisors LLC raised its holdings in BlackRock (NYSE:BLK) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,273 shares of the asset manager’s stock after acquiring an additional 452 shares during the quarter. Calamos Advisors LLC’s holdings in BlackRock were worth $32,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Santa Clara Valley Transportation Authority acquired a new position in BlackRock in the second quarter valued at about $129,138,253,000. BlackRock Inc. acquired a new position in shares of BlackRock during the 2nd quarter worth about $9,747,857,000. Temasek Holdings Private Ltd increased its stake in shares of BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after acquiring an additional 237,667 shares during the last quarter. Bank of America Corp DE raised its position in shares of BlackRock by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock valued at $5,032,603,000 after acquiring an additional 35,069 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of BlackRock by 23.3% in the 2nd quarter. Wellington Management Group LLP now owns 4,495,074 shares of the asset manager’s stock valued at $4,322,283,000 after acquiring an additional 850,406 shares during the period. Institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock executives described potential shifts in equity markets and opportunities in AI-related debt financing. The company also said political changes following the U.S. midterms will not alter its crypto strategy, signaling continuity in its digital-asset plans. Rieder on equity rebalancing BlackRock’s crypto strategy
• Positive Sentiment: Preqin, BlackRock’s private-markets data business, is partnering with an AI-powered capital-introduction platform. The collaboration may extend the reach of its institutional data offering, though the financial impact is not specified. Preqin and iConnections collaboration
• Neutral Sentiment: Larry Fink argued that workers have fallen behind investors, prompting discussion of pay, investment returns and market ownership. This is a broader economic commentary rather than a direct update on BlackRock’s earnings or outlook. Larry Fink on workers and investors
• Negative Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) continued to see withdrawals even as some reports described a rebound in overall crypto ETF flows. Further outflows could pressure fund assets and related fee revenue, although the reports do not quantify a material effect on BlackRock’s overall results. BlackRock ETF withdrawals

Wall Street Analyst Weigh In

BLK has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. JPMorgan Chase & Co. increased 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, October 15th. Morgan Stanley lifted their price target on shares of BlackRock from $1,468.00 to $1,531.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Bank of America decreased their price target on shares of BlackRock from $1,320.00 to $1,287.00 in a report on Monday, October 5th. Finally, UBS Group upped their price objective on shares of BlackRock from $1,277.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. One equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,342.25.

BlackRock Stock Up 0.7%

BLK stock traded up $7.65 during mid-day trading on Friday, hitting $1,178.32. 521,271 shares of the company were exchanged, compared to its average volume of 691,463. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,242.12. The firm’s 50 day simple moving average is $1,104.90 and its 200 day simple moving average is $1,065.48. The firm has a market cap of $182.49 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.21 and a beta of 1.37.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, beating 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 company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter in the prior year, the company earned $8.43 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts predict that BlackRock will post 57.82 EPS for the current fiscal year.

BlackRock Company Profile

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.

The company also provides Aladdin, a technology platform used by investors and financial institutions for portfolio management, operations and risk analysis.