BlackRock $BLK Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in shares of BlackRock (NYSE:BLK) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,273 shares of the asset manager’s stock after acquiring an additional 452 shares during the period. Calamos Advisors LLC’s holdings in BlackRock were worth $32,038,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Alta Advisers Ltd grew its stake in BlackRock by 80.9% in the third quarter. Alta Advisers Ltd now owns 1,020 shares of the asset manager’s stock valued at $1,079,000 after purchasing an additional 456 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of BlackRock by 3.8% in the third quarter. Kestra Advisory Services LLC now owns 35,425 shares of the asset manager’s stock valued at $37,490,000 after buying an additional 1,302 shares in the last quarter. Claro Advisors Inc. grew its stake in shares of BlackRock by 9.2% in the third quarter. Claro Advisors Inc. now owns 1,847 shares of the asset manager’s stock valued at $1,955,000 after buying an additional 156 shares in the last quarter. REAP Financial Group LLC increased its holdings in BlackRock by 15.7% during the third quarter. REAP Financial Group LLC now owns 324 shares of the asset manager’s stock worth $342,000 after buying an additional 44 shares during the last quarter. Finally, Telos Capital Management Inc. increased its holdings in BlackRock by 3.7% during the third quarter. Telos Capital Management Inc. now owns 309 shares of the asset manager’s stock worth $327,000 after buying an additional 11 shares during the last quarter. Institutional investors 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 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

BlackRock Price Performance

BLK traded up $7.65 on Friday, hitting $1,178.32. 521,271 shares of the stock were exchanged, compared to its average volume of 691,463. The firm has a market capitalization of $182.49 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,242.12. The business has a 50-day moving average of $1,104.90 and a two-hundred day moving average of $1,065.48.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS 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 period in the previous year, the company earned $8.43 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. Sell-side analysts forecast that BlackRock will post 57.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Zacks Research cut shares of BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group cut their target price on shares of BlackRock from $1,389.00 to $1,346.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $1,341.00 price target on shares of BlackRock in a report on Wednesday, October 28th. UBS Group upped their price objective on BlackRock from $1,277.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised their price objective on BlackRock from $1,435.00 to $1,449.00 and gave the company an “overweight” 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,342.25.

BlackRock 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.