Keefe, Bruyette & Woods Cuts BlackRock (NYSE:BLK) Price Target to $1,310.00

BlackRock (NYSE:BLK) had its price objective cut by Keefe, Bruyette & Woods from $1,322.00 to $1,310.00 in a research report report published on Thursday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other analysts have also weighed in on BLK. Barclays lowered their price objective on shares of BlackRock from $1,340.00 to $1,300.00 and set an “overweight” rating for the company in a research note on Thursday. Evercore ISI lifted their price target on shares of BlackRock from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group increased their price objective on shares of BlackRock from $1,196.00 to $1,325.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Morgan Stanley raised their target price on BlackRock from $1,486.00 to $1,514.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Finally, TD Cowen upped their price target on BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,313.12.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,085.06 on Thursday. The company has a market cap of $168.35 billion, a P/E ratio of 27.90, a PEG ratio of 1.57 and a beta of 1.47. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $1,067.10 and a two-hundred day moving average price of $1,102.31. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,219.94.

BlackRock (NYSE:BLK) last announced 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). The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. BlackRock had a net margin of 26.64% and a return on equity of 14.80%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $11.46 EPS. As a group, analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 5th were issued a dividend of $5.21 per share. The ex-dividend date was Friday, December 5th. This represents a $20.84 annualized dividend and a yield of 1.9%. BlackRock’s payout ratio is 53.59%.

Insider Transactions at BlackRock

In other BlackRock news, CFO Martin Small sold 1,258 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total value of $1,312,572.04. Following the completion of the sale, the chief financial officer owned 6,209 shares in the company, valued at approximately $6,478,346.42. This trade represents a 16.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares in the company, valued at $8,394,113.20. The trade was a 62.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.98% of the company’s stock.

Institutional Investors Weigh In On BlackRock

Hedge funds have recently made changes to their positions in the business. Pacifica Partners Inc. increased its holdings in BlackRock by 450.0% during the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after buying an additional 18 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of BlackRock by 1,000.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after purchasing an additional 20 shares during the last quarter. Garde Capital Inc. raised its holdings in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after purchasing an additional 18 shares during the period. Traub Capital Management LLC purchased a new position in BlackRock in the second quarter valued at approximately $28,000. Finally, Whipplewood Advisors LLC grew its holdings in BlackRock by 107.1% during the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 15 shares during the period. 80.69% of the stock is currently owned by institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and others see a big potential expansion in retail access to crypto, which supports future ETF/net‑new‑asset upside if Main Street demand grows. BlackRock predicts major shift in retail investors’ access to cryptocurrencies
• Positive Sentiment: Tokenization adoption: Jupiter launched JupUSD with reserves tied to BlackRock’s tokenized BUIDL fund — a sign BlackRock-backed institutional assets are being used in on‑chain products, which could broaden distribution and fees long term. Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
• Positive Sentiment: Company clarification: BlackRock publicly reiterated it does not buy single‑family homes after a Trump proposal sparked market confusion — the clarification reduces an ongoing reputational/regulatory overhang for the firm. EXCLUSIVE: BlackRock Says It Does Not Buy Single-Family Homes After Trump Proposal
• Neutral Sentiment: Governance/leadership attention: BlackRock’s Rick Rieder was asked about being on a short list for Fed Chair — raises headlines but uncertain impact on firm fundamentals; investors may watch for potential conflicts or time distractions if the story develops. BlackRock’s Rieder Reacts to Being Considered for Fed Chair
• Neutral Sentiment: BlackRock crypto leadership: senior ETF executives said it’s still “very early days” for Bitcoin/Ethereum adoption — tempered optimism that supports a measured, long‑run view on crypto AUM. BlackRock ETF Chief Says ‘Still Very Early Days’ For Bitcoin, Ethereum
• Neutral Sentiment: Minor ownership update: BlackRock reduced its stake in Finland’s Orion below the 5% disclosure threshold — routine portfolio move, limited impact on BLK fundamentals. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Negative Sentiment: Large crypto flows/signals: multiple outlets reported BlackRock moved sizable BTC/ETH to Coinbase Prime (and some headlines framed it as “dumping” ~$276M BTC and ~$83M ETH), which can spook investors about crypto exposure and short‑term ETF flows. BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
• Negative Sentiment: Policy/politics ripple: Trump’s housing proposal triggered market confusion and a selloff in some real‑estate/asset‑manager stocks (and headlines conflating BlackRock/Blackstone amplified volatility), pressuring sentiment toward BLK. Trump Targets Wall Street Homebuyers: Why BlackRock, Blackstone Are Feeling The Heat
• Negative Sentiment: Analyst tweak: Keefe, Bruyette & Woods trimmed BLK’s price target slightly (still an outperform rating) — a modest headwind for sentiment. Keefe, Bruyette & Woods lowers price target on BlackRock

BlackRock Company Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.