BlackRock (NYSE:BLK) Stock Has Consensus Target Price of $1,308.06 According to Analysts

BlackRock (NYSE:BLK) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1,304.35.

BLK has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 target price on shares of BlackRock in a report on Thursday, July 16th. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Barclays lifted their price objective on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th.

BlackRock Trading Up 0.8%

Shares of BLK stock opened at $1,067.60 on Thursday. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. The stock has a market cap of $165.34 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.17 and a beta of 1.41. The stock has a 50-day moving average of $1,111.31 and a 200-day moving average of $1,055.89.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm earned $12.05 earnings per share. On average, equities research analysts forecast that BlackRock will post 55.9 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s payout ratio is presently 54.78%.

Hedge Funds Weigh In On BlackRock

A number of institutional investors and hedge funds have recently modified their holdings of BLK. Breakwater Capital Group lifted its position in shares of BlackRock by 3.8% in the first quarter. Breakwater Capital Group now owns 271 shares of the asset manager’s stock valued at $261,000 after acquiring an additional 10 shares in the last quarter. Stronghold Wealth Management L.L.C. boosted its stake in BlackRock by 2.9% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 359 shares of the asset manager’s stock worth $345,000 after purchasing an additional 10 shares during the period. Financial Management Professionals Inc. raised its position in shares of BlackRock by 1.8% during the second quarter. Financial Management Professionals Inc. now owns 564 shares of the asset manager’s stock valued at $542,000 after buying an additional 10 shares during the last quarter. JNBA Financial Advisors raised its position in shares of BlackRock by 1.4% during the second quarter. JNBA Financial Advisors now owns 706 shares of the asset manager’s stock valued at $679,000 after buying an additional 10 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in shares of BlackRock by 2.5% in the fourth quarter. Sivia Capital Partners LLC now owns 443 shares of the asset manager’s stock worth $474,000 after buying an additional 11 shares in the last quarter. 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: Strong inflows into IBIT support asset-growth expectations. BlackRock’s iShares Bitcoin Trust reportedly attracted $196 million in a single day, the largest daily inflow among U.S. spot Bitcoin ETFs that week. Sustained flows could increase management fees and reinforce BlackRock’s leadership in the cryptocurrency ETF market. BlackRock’s IBIT Took In $196 Million in a Day
• Positive Sentiment: Tokenized portfolios expand BlackRock’s distribution strategy. BlackRock reportedly created three model portfolios that Ondo Finance is converting into blockchain-based investment tokens. The initiative could broaden access to BlackRock strategies and create future growth opportunities in tokenized real-world assets. BlackRock Tokenized Portfolios Debut Onchain Through Ondo Finance
• Neutral Sentiment: Wells Fargo initiated research coverage. The announcement increases analyst visibility for BLK, although no rating or price target was provided, limiting its immediate trading significance. BlackRock Research Coverage Started at Wells Fargo
• Neutral Sentiment: Reports highlighted new ETF share classes and identified several BlackRock iShares ETFs as potentially attractive for 2027. These developments may aid product distribution, but they are not immediate changes to earnings or guidance. BlackRock Files New ETF Share Classes
• Negative Sentiment: Legal-investigation publicity creates an overhang. Rosen Law Firm solicited investors in BlackRock mutual funds regarding an investigation into potentially misleading disclosures. The announcement does not establish wrongdoing, but it could weigh on sentiment and raise potential litigation costs. Rosen Law Firm BlackRock Investigation

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.