BlackRock Q3 Revenue Up 25.2% to $6.51B as EPS Misses by $0.23

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BlackRock reported fiscal third-quarter revenue of $6.51 billion, surpassing analyst estimates of $6.22 billion, while EPS of $11.55 missed consensus by $0.23, and revenue rose 25.2% year-over-year. Asset Advisors Investment Management reduced its BlackRock holdings by 8.9% to 5,252 shares valued at $6.12 million.

1. BlackRock Denies Single-Family Home Purchases

Following a proposal by former President Trump that triggered sharp market reactions, BlackRock issued a statement clarifying that it does not acquire single-family homes as investments. A company spokesperson told Benzinga, “We’ve been fighting this confusion for months,” emphasizing that BlackRock’s real estate strategies focus on commercial properties and multi-unit residential developments. The clarification came after social media posts and political commentary suggested the firm was buying up suburban housing stock, a claim that had driven heightened scrutiny from both retail investors and municipal regulators.

2. Earnings Expectations Point to Potential Beat

Analysts are forecasting that BlackRock will report strong quarterly results, citing two key drivers: robust fee income from its iShares ETF business and continued inflows into active fixed-income strategies. Consensus estimates anticipate assets under management growing by approximately 5% year-over-year, with net inflows of roughly $10 billion across core product lines. Profit margins are expected to expand as operating expenses remain stable, supported by efficiencies from the Aladdin risk-management platform. Investors will be watching for updated guidance on long-term margins and any commentary on market volatility impacting trading revenues.

3. Institutional Investors Adjust Positions

In the latest Form 13F filings, Asset Advisors Investment Management LLC reduced its stake in BlackRock by 8.9%, selling 515 shares and ending the quarter with 5,252 shares. Meanwhile, Integral Investment Advisors Inc. increased its holdings by 2%, and Cerity Partners LLC added 1,465 shares, bringing its total to 139,072 shares. CoreCap Advisors LLC and Spirepoint Private Client LLC raised their positions by 4.5% and 9.7%, respectively, while Kathmere Capital Management LLC boosted its stake by 43.4%. Overall, institutional ownership remains high at approximately 80.7%, underscoring continued confidence in BlackRock’s long-term growth trajectory.

Sources

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