<div id="readability-page-1"><p>Kanawha Capital Management LLC increased its position in shares of  BlackRock (NYSE:BLK - Free Report) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor  owned 6,039 shares of the asset manager's stock after buying an additional 448 shares during the quarter. Kanawha Capital Management LLC's holdings in BlackRock were worth $6,336,000 as of its most recent SEC filing.</p><ul><li>Why Billions Are Flowing into IBIT, BlackRock's Bitcoin ETF</li></ul><p>Several other institutional investors have also recently bought and sold shares of the company. Garde Capital Inc. grew its stake in shares of  BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager's stock worth $28,000 after acquiring an additional 18 shares in the last quarter.  Fairway Wealth LLC increased its stake in  BlackRock by 76.5% in the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager's stock valued at $28,000 after buying an additional 13 shares during the last quarter.  Game Plan Financial Advisors LLC lifted its position in  BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager's stock worth $28,000 after buying an additional 15 shares in the last quarter.  MorganRosel Wealth Management LLC acquired a new position in shares of  BlackRock during the 1st quarter worth about $31,000.  Finally, Cheviot Value Management LLC bought a new position in shares of  BlackRock in the 1st quarter valued at about $30,000. Institutional investors own  80.69% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several brokerages recently commented on BLK. BNP Paribas Exane increased their price target on BlackRock from $1,160.00 to $1,265.00 and gave the company an &#34;outperform&#34; rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft  set a $1,320.00 price objective on BlackRock and gave the company a &#34;buy&#34; rating in a report on Wednesday. Telsey Advisory Group  restated an &#34;outperform&#34; rating on shares of BlackRock in a report on Tuesday, July 8th. Bank of America increased their price target on shares of BlackRock from $1,394.00 to $1,456.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday. Finally, Barclays boosted their price objective on shares of BlackRock from $1,310.00 to $1,360.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday. One investment analyst  has rated the stock with a Strong Buy rating, sixteen have issued  a Buy rating and three have assigned  a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $1,300.81.</p><ul><li>Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?</li></ul><p><b>Get Our Latest Research Report on BLK</b></p><h2>Insider Transactions at BlackRock</h2><p>In related news, Director J. Richard Kushel sold 17,142 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the sale, the director directly owned 61,369 shares in the company, valued at $68,763,964.50. The trade was a 21.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rachel Lord sold 18,036 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director owned 19,205 shares of the company's stock, valued at $21,617,148. This trade represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,494 shares of company stock valued at $74,694,573. Company insiders own  1.98% of the company's stock. </p><h2>BlackRock Stock Performance</h2><ul><li>Why Now Could Be the Smartest Time to Buy Crypto Stocks</li></ul><p>Shares of NYSE BLK opened at $1,161.63 on Friday. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. BlackRock has a 12 month low of $773.74 and a 12 month high of $1,219.94. The stock has a 50 day moving average of $1,140.85 and a 200-day moving average of $1,042.27. The company has a market capitalization of $179.88 billion, a P/E ratio of 29.87, a P/E/G ratio of 2.03 and a beta of 1.45. </p><p>BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter in the prior year, the firm posted $11.46 earnings per share. The business's revenue was up 25.2% compared to the same quarter last year.  As a group, equities research analysts predict that  BlackRock will post 47.41 EPS for the current year. </p><h2>BlackRock Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th were paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock's payout ratio is currently 53.59%. </p><h2>BlackRock Profile</h2> (Free Report)<p>BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.</p><h2>See Also</h2><ul><li>Five stocks we like better than BlackRock</li><li>Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?</li><li>This AI Chip Giant Could Be the Market’s Next Big Winner</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Broadcom Inks OpenAI Deal: Why It's A Huge Win for AVGO Stock</li><li>What Does a Stock Split Mean? </li><li>Institutions Are Fueling CrowdStrike’s Next Leg Higher</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJMSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJMSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in BlackRock Right Now?</h2><p>Before you consider BlackRock, you'll want to hear this.</p><p>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.</p><p>While BlackRock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Kanawha Capital Management LLC increased its stake in BlackRock (NYSE:BLK) by 8.0% in Q2, acquiring an additional 448 shares, bringing its total to 6,039 shares valued at $6.34 million. Other institutional investors also raised their positions. Analysts have set new price targets for BlackRock, with BNP Paribas Exane raising it to $1,265 and Deutsche Bank to $1,320. The stock currently has an average rating of "Moderate Buy" and a price target of $1,300.81. BlackRock shares opened at $1,161.63, with a market cap of $179.88 billion.</p>

Kanawha Capital Management LLC Purchases 448 Shares of BlackRock $BLK