Bleakley Financial Group LLC Makes New Investment in Block, Inc. $XYZ

Bleakley Financial Group LLC purchased a new position in shares of Block, Inc. (NYSE:XYZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,028 shares of the technology company’s stock, valued at approximately $653,000.

A number of other large investors have also modified their holdings of XYZ. Wellington Shields Capital Management LLC grew its stake in Block by 7.5% during the 4th quarter. Wellington Shields Capital Management LLC now owns 76,901 shares of the technology company’s stock valued at $5,005,000 after purchasing an additional 5,350 shares in the last quarter. Allstate Corp grew its stake in Block by 91.9% during the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 18,812 shares in the last quarter. Kazazian Asset Management LLC grew its stake in Block by 43.4% during the 4th quarter. Kazazian Asset Management LLC now owns 12,913 shares of the technology company’s stock valued at $841,000 after purchasing an additional 3,905 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Block by 61.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,815 shares of the technology company’s stock valued at $118,000 after purchasing an additional 693 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Block during the 4th quarter valued at approximately $927,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the transaction, the chief financial officer owned 500,816 shares in the company, valued at approximately $37,561,200. The trade was a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of Block stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the transaction, the insider owned 601,002 shares in the company, valued at $40,874,146.02. This represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 49,485 shares of company stock worth $3,573,346. 11.37% of the stock is owned by corporate insiders.

Block Stock Up 1.8%

XYZ opened at $75.69 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $45.05 billion, a PE ratio of 59.14, a P/E/G ratio of 0.97 and a beta of 2.57. The stock’s fifty day moving average is $66.96 and its 200-day moving average is $63.79. Block, Inc. has a one year low of $48.21 and a one year high of $82.50.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities analysts predict that Block, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XYZ shares. Truist Financial increased their target price on Block from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada increased their target price on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. BTIG Research reissued a “buy” rating and issued a $90.00 price target on shares of Block in a report on Friday, May 8th. Piper Sandler raised their price target on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Block in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.12.

Block Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.