1,674 BlackRock $BLK Shares Bought by Cooper Financial Group

Cooper Financial Group raised its holdings in shares of BlackRock (NYSE:BLK) by 428.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,065 shares of the asset manager’s stock after buying an additional 1,674 shares during the quarter. Cooper Financial Group’s holdings in BlackRock were worth $2,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Santa Clara Valley Transportation Authority bought a new stake in shares of BlackRock during the 2nd quarter valued at about $129,138,253,000. BlackRock Inc. bought a new position in shares of BlackRock in the second quarter worth approximately $9,747,857,000. State Street Corp raised its stake in BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock valued at $6,705,193,000 after purchasing an additional 33,752 shares in the last quarter. Corient Private Wealth LLC lifted its position in BlackRock by 5,190.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after purchasing an additional 5,386,640 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its position in BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after purchasing an additional 237,667 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Trading Down 1.0%

Shares of BLK traded down $11.01 during mid-day trading on Wednesday, reaching $1,068.41. The company’s stock had a trading volume of 385,602 shares, compared to its average volume of 742,563. The stock has a market cap of $165.46 billion, a PE ratio of 25.54, a P/E/G ratio of 1.18 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 has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company’s fifty day moving average price is $1,110.65 and its two-hundred day moving average price is $1,057.36.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm earned $12.05 EPS. On average, analysts predict that BlackRock will post 55.86 earnings per share for the current fiscal 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 paid a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is 54.78%.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is reportedly in exclusive talks with partners to acquire Stack Infrastructure’s Asia-Pacific data-center assets for approximately $20 billion to $25 billion. A completed transaction would expand BlackRock’s exposure to AI, cloud computing and digital infrastructure, although the discussions may not result in a deal. BlackRock in talks on data-center deal
• Positive Sentiment: JPMorgan raised its BlackRock price target to $1,435 from $1,364 and maintained an overweight rating, signaling confidence in the company’s earnings and longer-term growth prospects. BlackRock price target raised
• Positive Sentiment: BlackRock continues to promote growth in tokenized money-market funds, stablecoin infrastructure and digital-asset products, including its Bitcoin and Ethereum ETFs. These initiatives could broaden fee revenue and institutional adoption over time. Tokenized money-market funds
• Neutral Sentiment: BlackRock’s upcoming earnings report is expected to show year-over-year growth, but analysts cited by Zacks do not see a particularly strong combination of estimate revisions and earnings-surprise trends ahead of the release. This may encourage investors to wait for results. BlackRock earnings preview
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging that investors may have received materially misleading business information. The announcement is an investor solicitation and does not establish wrongdoing, but it adds headline and litigation risk. BlackRock investor investigation
• Negative Sentiment: Commentary warning that interest rates above 5% are straining borrowers and the broader economy could weigh on asset values, flows and investor risk appetite—important factors for an asset manager such as BlackRock. Higher rates pressure the economy

Wall Street Analyst Weigh In

BLK has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of BlackRock from $1,488.00 to $1,479.00 and set an “overweight” rating on the stock in a report on Friday, September 25th. Bank of America upped their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on BlackRock from $1,364.00 to $1,435.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company assumed coverage on BlackRock in a research report on Friday, October 2nd. They set an “overweight” rating and a $1,245.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,258.00 price target on shares of BlackRock in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,304.24.

BlackRock Company 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.