442 Shares of BlackRock $BLK Acquired by Leo Wealth LLC

Leo Wealth LLC purchased a new stake in BlackRock (NYSE:BLK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 442 shares of the asset manager’s stock, valued at approximately $468,000.

Other hedge funds have also recently bought and sold shares of the company. Hedeker Wealth LLC increased its holdings in BlackRock by 0.3% during the 3rd quarter. Hedeker Wealth LLC now owns 4,134 shares of the asset manager’s stock worth $4,375,000 after purchasing an additional 14 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of BlackRock by 4.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,196 shares of the asset manager’s stock valued at $1,266,000 after purchasing an additional 50 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of BlackRock by 3.8% during the 3rd quarter. Sigma Planning Corp now owns 962 shares of the asset manager’s stock valued at $1,018,000 after buying an additional 35 shares during the last quarter. Centerpoint Advisory Group grew its position in shares of BlackRock by 1.3% during the third quarter. Centerpoint Advisory Group now owns 956 shares of the asset manager’s stock worth $1,012,000 after buying an additional 12 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its position in shares of BlackRock by 2.9% during the third quarter. Revolve Wealth Partners LLC now owns 360 shares of the asset manager’s stock worth $381,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Trending Headlines about BlackRock

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 Trading Up 0.7%

BLK stock opened at $1,135.14 on Wednesday. The stock’s 50 day simple moving average is $1,103.33 and its 200 day simple moving average is $1,062.94. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,187.17. The firm has a market cap of $175.80 billion, a P/E ratio of 25.81 and a beta of 1.41.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, topping analysts’ consensus estimates of $14.32 by $1.61. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.42 billion. During the same period in the prior year, the firm earned $8.43 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts forecast that BlackRock will post 57.82 EPS for the current fiscal year.

Analysts Set New Price Targets

BLK has been the subject of a number of research analyst reports. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,370.00 to $1,430.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Zacks Research lowered shares of BlackRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. 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. BMO Capital Markets boosted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Monday, October 19th. Finally, TD Cowen upgraded shares of BlackRock from a “hold” rating to a “buy” rating and upped their target price for the company from $1,212.00 to $1,405.00 in a research note on Tuesday, October 20th. One 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,337.19.

BlackRock Company Profile

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.