Venture Visionary Partners LLC Purchases 86,912 Shares of BlackRock $BLK

by · The Markets Daily

Venture Visionary Partners LLC lifted its position in shares of BlackRock (NYSE:BLK – Free Report) by 500.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 104,267 shares of the asset manager’s stock after purchasing an additional 86,912 shares during the quarter. BlackRock comprises approximately 2.8% of Venture Visionary Partners LLC’s holdings, making the stock its 4th largest holding. Venture Visionary Partners LLC owned approximately 0.07% of BlackRock worth $110,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. Elevation Wealth Partners LLC lifted its position in BlackRock by 185.4% during the third quarter. Elevation Wealth Partners LLC now owns 137 shares of the asset manager’s stock valued at $145,000 after buying an additional 89 shares in the last quarter. Retirement Wealth Solutions LLC increased its position in shares of BlackRock by 72.7% in the third quarter. Retirement Wealth Solutions LLC now owns 76 shares of the asset manager’s stock worth $80,000 after acquiring an additional 32 shares in the last quarter. Cooper Financial Group raised its stake in shares of BlackRock by 428.1% in the 3rd quarter. Cooper Financial Group now owns 2,065 shares of the asset manager’s stock valued at $2,185,000 after acquiring an additional 1,674 shares during the period. Elm3 Financial Group LLC purchased a new position in shares of BlackRock in the 3rd quarter valued at $984,000. Finally, Canandaigua National Trust Co of Florida acquired a new position in shares of BlackRock during the 3rd quarter valued at $447,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

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

BlackRock Stock Down 1.0%

BLK traded down $11.01 during trading hours on Wednesday, reaching $1,068.41. 385,602 shares of the stock traded hands, compared to its average volume of 742,563. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The company has a market cap of $165.46 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.18 and a beta of 1.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The firm’s fifty day simple moving average is $1,110.65 and its two-hundred day simple moving average is $1,057.36.

BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm 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 revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.05 EPS. As a group, analysts forecast that BlackRock will post 55.86 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given 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 payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLK. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on BlackRock from $1,364.00 to $1,435.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Research downgraded BlackRock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. BNP Paribas Exane increased their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Bank of America increased their target price on BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating 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 given a Hold rating to the company’s stock. According to data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,304.24.

View Our Latest Analysis on BlackRock

BlackRock Company Profile

(Free Report)

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.

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