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Sax Wealth Advisors LLC acquires 8,810 shares of BlackRock $BLK. October 13, 2026 Key points. * Sax Wealth Advisors increased its BlackRock holdings by 1,516.4% in the third quarter, adding 8,810 shares for a total of 9,391 shares valued at approximately $9.94 million. Institutional investors collectively own 80.69% of BlackRock. * Analysts maintain a generally positive outlook, with BlackRock holding a "Moderate Buy" consensus rating and an average price target of $1,309.88, compared with the stock's recent price of $1,075.19. * BlackRock's latest quarterly results exceeded expectations, with $13.91 in EPS and $7.08 billion in revenue, while the company continues to offer a quarterly dividend of $5.73 per share, yielding about 2.1% annually. * MarketBeat previews top five stocks to own in November. Sax Wealth Advisors LLC lifted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 1,516.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,391 shares of the asset manager's stock after purchasing an additional 8,810 shares during the quarter. Sax Wealth Advisors LLC's holdings in BlackRock were worth $9,938,000 at the end of the most recent quarter. Several other large investors also recently made changes to their positions in the stock. RMG Wealth Management LLC bought a new position in shares of BlackRock during the first quarter worth about $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock during the 2nd quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of BlackRock in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of BlackRock in the second quarter valued at $30,000. Finally, Wilkerson Advisory Group LLC increased its holdings in BlackRock by 100.0% during the first quarter. Wilkerson Advisory Group LLC now owns 34 shares of the asset manager's stock worth $33,000 after buying an additional 17 shares during the last quarter. Institutional investors own 80.69% of the company's stock. Key BlackRock news. Here are the key news stories impacting BlackRock this week: * BlackRock funds and accounts managed by HPS Investment Partners are forming a joint venture with Humana to manage nearly 150 CenterWell senior-care clinics. The venture is expected to reduce Humana's liabilities while giving BlackRock exposure to a large healthcare-services platform. * Funds managed by BlackRock are among the co-lead investors in Icon's $200 million Series D financing for 3D-printed homes. The deal values Icon at approximately $1.4 billion and expands BlackRock's private-markets exposure. * The RBC iShares alliance launched the iShares A.I. Innovation and Tech ETF, potentially supporting product growth and further diversifying BlackRock's ETF lineup. * TD Cowen raised its price target to $1,212 but maintained a "hold" rating, indicating potential valuation upside without a strong near-term bullish catalyst. * BlackRock's investment research unit shifted from an extended underweight view on U.S. stocks to an overweight position in short-dated Treasuries after yields exceeded 5%. The move signals a more cautious market outlook and could concern investors seeking continued equity-driven asset growth. * BlackRock's iShares Bitcoin Trust recorded $65.4 million in net outflows, accounting for all withdrawals from U.S. spot Bitcoin ETFs during the reported session. Continued redemptions could pressure fee revenue and sentiment around the firm's digital-assets business. * Investors are focused on BlackRock's upcoming earnings report, with commentary suggesting the shares are priced for disappointment amid concerns about private credit and whether assets under management can offset those risks. Wall Street analysts forecast growth. BLK has been the topic of several research analyst reports. Evercore restated an "outperform" rating and issued a $1,275.00 price objective on shares of BlackRock in a research note on Friday. Zacks Research cut BlackRock from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. boosted their price target on BlackRock from $1,364.00 to $1,435.00 and gave the company an "overweight" rating in a research note on Tuesday, October 6th. BMO Capital Markets boosted their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Finally, Barclays dropped their price target on shares of BlackRock from $1,450.00 to $1,420.00 and set an "overweight" rating for the company in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,309.88. Discover more Financial News Subscription Live News Feed Stock Profit Calculator BlackRock price performance. BlackRock stock traded down $8.73 during mid-day trading on Tuesday, reaching $1,075.19. The company had a trading volume of 222,221 shares, compared to its average volume of 734,289. 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 $166.51 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.22 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. The business has a fifty day simple moving average of $1,108.87 and a 200 day simple moving average of $1,059.65. BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating analysts' consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the firm posted $12.05 earnings per share. The business's revenue for the quarter was up 30.6% on a year-over-year basis. On average, equities research analysts predict that BlackRock will post 55.71 earnings per share for the current year. BlackRock announces dividend. The company also recently disclosed 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. The ex-dividend date was Tuesday, September 8th. This represents a $22.92 annualized dividend and a dividend yield of 2.1%. BlackRock's dividend payout ratio is 54.78%. BlackRock 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. Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider BlackRock, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock wasn't on the list. While BlackRock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership. This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power. Continue following MarketBeat

NEW YORK - October 12, 2026 - Blackstone Credit & Insurance today announced that it is leading a $1 billion financing in support of the combination of Analogic Corporation with the Security...

HPS sues Gogo over alleged excess cash flow payment shortfall. Private credit lender HPS Investment Partners has filed a lawsuit against the inflight connectivity provider Gogo, claiming that the company violated the terms of its debt agreement by failing to provide a payment of approximately $15m. The complaint, filed yesterday (29 September) in New York State Court, alleges that Gogo did not provide an excess cash flow payment to HPS, as required in the debt documents that govern the $250m loan. The lawsuit comes as the company navigates negotiations with its lenders for an extension on its existing term loan debt, Bloomberg reported. HPS initiated the lawsuit as the administrative agent on the private credit loan, arguing that the company claimed an equipment expense that was later reimbursed by the Federal Communications Commission, resulting in $29.3m of reported expenses that should have instead been applied to the company's cash flows in the 2025 fiscal year. The result was a $15m shortfall in the excess cash flow sweep payment, the lawsuit alleges. Excess cash flow sweeps are a common tool used by lenders in private credit documents to repay a portion of the principal loan should the company's earnings exceed expectations. Gogo has a $40m cap in ECF... Read all its public content for free. You may unsubscribe from these communications at any time. Discover more insights.