Waverly Advisors 13F: Adds $1.2M to BlackRock (BLK) Stake

Waverly Advisors Expands BlackRock Holdings

Waverly Advisors raised its investment in BlackRock, Inc. (NYSE: BLK) during the first quarter, according to a recent Form 13F filing with the Securities and Exchange Commission. The filing reflects holdings as of March 31 and may not represent the firm's current position today. As a registered investment advisor known for adjusting client portfolios across various market sectors, Waverly added to its financial sector exposure while continuing its active portfolio management strategy.

Details of the Share Increase

The firm grew its stake by buying an additional 1,226 shares, representing a 6.01% increase over its previous position. That brought Waverly Advisors' total holdings to 21,609 shares. Based on market values around the filing date, the stake was worth approximately $20.8 million.

Where BlackRock Shares Trade

Shares of BlackRock recently changed hands around $961.56, sitting well below its 50-day moving average of $1,106.31 and its 200-day moving average of $1,060.91. The asset manager has traded in a 52-week range between $917.39 and $1,209.89. With a market capitalization of roughly $173.6 billion and a trailing P/E ratio of 25.52, the stock trades at a forward P/E of 17.33.

Recent Earnings and Dividend Profile

BlackRock reported annual revenue of $28.54 billion alongside a net profit margin of 24.22% and a return on equity supported by earnings per share of $43.92. The company pays an annual dividend yielding 2.05%, backed by a dividend payout ratio of 52.37%. Its next quarterly earnings report is scheduled for January 14, 2027.

Analysts Set New Price Targets

Wall Street analysts maintain a strong buy consensus on BlackRock. On October 15, UBS maintained its buy rating while lifting its price target to $130.00. On the same day, Morgan Stanley maintained an overweight rating and raised its target to $1,531.00, while JP Morgan kept an overweight rating with a target of $1,449.00. Barclays also kept an overweight rating with a target of $1,410.00, and Wells Fargo maintained an overweight stance with a target of $1,250.00. Keefe, Bruyette & Woods maintained an outperform rating with a target of $1,310.00. Earlier in the month, TD Cowen maintained a hold rating with a price target of $1,212.00.

Inside the Asset Management Giant

Headquartered in New York, BlackRock operates as a global investment manager serving institutional, intermediary, and individual investors. The firm provides a broad range of asset management, risk management, and advisory services across public equities, fixed income, real estate, and alternative markets. Waverly Advisors' decision to add to its position aligns with its ongoing allocation strategy among major financial institutions.

What to Watch at BlackRock, Inc.

Investors tracking institutional interest in BlackRock will look ahead to the company's next earnings report in January 2027 and subsequent 13F filings due from institutional managers. Because quarterly disclosures are backward-looking, these reports capture portfolio choices made months prior rather than active daily trading.