BlackRock $BLK Shares Bought by Lido Advisors LLC

Lido Advisors LLC raised its stake in BlackRock (NYSE:BLK) by 5.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 41,005 shares of the asset manager’s stock after purchasing an additional 2,241 shares during the period. Lido Advisors LLC’s holdings in BlackRock were worth $43,397,000 as of its most recent SEC filing.

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

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: A BlackRock valuation analysis argues the stock may be about 5% undervalued, citing potential returns from its AI-related investments and other growth initiatives. This is an opinion, not a company forecast. Article: BlackRock Stock May Be 5% Undervalued
• Positive Sentiment: BlackRock-backed tokenization firm Securitize agreed to acquire River One to expand into asset-backed lending. The deal could broaden the platform’s business, though any benefit to BlackRock is indirect and likely not an immediate earnings driver. Article: Securitize Agrees to Buy River One
• Neutral Sentiment: Reports describe rising interest in converting digital assets through in-kind transactions amid security concerns. Such conversions may shift custody to BlackRock’s products, but do not necessarily represent new investment or fresh ETF inflows. Article: BlackRock Sees Billions in Crypto ETF Conversions
• Neutral Sentiment: BlackRock Canada expects a large cash distribution from its XRB bond ETF after bonds mature. This is a fund-level distribution—not a payout to BLK shareholders—and reflects the lack of new Canadian real-return bonds available for reinvestment. Article: BlackRock Canada Announces a Special Distribution
• Negative Sentiment: Crypto-fund redemptions are the clearest near-term concern. IBIT recorded about $213 million in Bitcoin ETF outflows on Nov. 9, extending its streak to seven sessions and bringing cumulative withdrawals to $1.66 billion. BlackRock’s Ether funds also saw roughly $140 million in combined outflows that day. Continued asset withdrawals could weigh on sentiment and fee-generating assets. Article: BlackRock Bitcoin ETF Outflows Hit $1.66B

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on BlackRock from $1,230.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Truist Financial set a $1,310.00 target price on BlackRock in a report on Thursday, October 15th. The Goldman Sachs Group decreased their target price on BlackRock from $1,389.00 to $1,346.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Morgan Stanley boosted their price target on BlackRock from $1,468.00 to $1,531.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Finally, Barclays dropped their price target on BlackRock from $1,420.00 to $1,410.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,342.25.

BlackRock Stock Up 0.5%

BLK stock opened at $1,221.37 on Wednesday. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.28. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,242.12. The firm’s 50-day simple moving average is $1,107.31 and its 200 day simple moving average is $1,066.33. The stock has a market cap of $189.15 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. BlackRock had a net margin of 24.22% and a return on equity of 15.60%. BlackRock’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $8.43 EPS. As a group, sell-side analysts predict that BlackRock will post 57.82 EPS for the current year.

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.