Evercore Has Lowered Expectations for BlackRock (NYSE:BLK) Stock Price

BlackRock (NYSE:BLK) had its price objective lowered by research analysts at Evercore from $1,275.00 to $1,235.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the asset manager’s stock. Evercore’s price target suggests a potential upside of 29.50% from the stock’s current price.

BLK has been the topic of a number of other reports. BNP Paribas Exane lifted their price target on shares of BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Bank of America raised their price objective on BlackRock from $1,456.00 to $1,464.00 in a research note on Wednesday, December 10th. UBS Group upgraded BlackRock from a “neutral” rating to a “buy” rating and set a $1,280.00 target price on the stock in a report on Monday, February 23rd. Barclays boosted their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, CICC Research raised their price target on BlackRock from $1,000.00 to $1,250.00 in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,308.89.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $953.67 on Friday. The firm’s 50 day simple moving average is $1,089.21 and its 200 day simple moving average is $1,099.20. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94. The company has a market capitalization of $148.33 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.20 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.98 and a quick ratio of 2.98.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter in the previous year, the company earned $11.93 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. As a group, sell-side analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

Insider Activity at BlackRock

In other news, COO Robert L. Goldstein sold 54,190 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the sale, the chief operating officer directly owned 51,478 shares in the company, valued at $55,971,514.62. The trade was a 51.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin Small sold 27,047 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total value of $31,675,823.58. Following the transaction, the chief financial officer directly owned 10,557 shares of the company’s stock, valued at $12,363,724.98. This represents a 71.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,319 shares of company stock valued at $123,999,249 in the last quarter. 1.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackRock

Several institutional investors have recently bought and sold shares of BLK. Westerkirk Capital Inc. bought a new position in shares of BlackRock during the 2nd quarter worth approximately $2,877,000. Police & Firemen s Retirement System of New Jersey raised its stake in BlackRock by 7.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 23,167 shares of the asset manager’s stock valued at $24,308,000 after acquiring an additional 1,693 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in BlackRock during the 3rd quarter valued at $6,201,000. Lingohr Asset Management GmbH bought a new position in BlackRock during the third quarter worth $700,000. Finally, California Public Employees Retirement System boosted its position in BlackRock by 8.2% during the second quarter. California Public Employees Retirement System now owns 256,937 shares of the asset manager’s stock worth $269,591,000 after purchasing an additional 19,404 shares during the period. Institutional investors own 80.69% of the company’s stock.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is expanding its iShares iBonds ETF franchise — nine new defined‑maturity bond ETFs across Treasuries, TIPS, corporates, high yield and muni markets — which supports fee growth and ETF distribution strength. BlackRock Announces Plans to Expand iBonds ETF Franchise
• Positive Sentiment: BlackRock launched the iShares Broad USD Floating Rate Loan ETF (USLN), opening index‑based access to the $1.4T leveraged‑loan market — a distribution/growth opportunity for its ETF business. BlackRock Launches USLN ETF
• Positive Sentiment: Institutional adoption of BlackRock’s Aladdin Wealth continues: Intesa Sanpaolo will extend use of Aladdin Wealth for its international banks unit, supporting recurring technology revenue. Intesa Sanpaolo to adopt BlackRock’s Aladdin Wealth
• Neutral Sentiment: Regulatory disclosure: BlackRock disclosed its stake in Finland’s Orion Corp lifted above 5%, a routine holdings disclosure with little immediate impact on BLK’s fundamentals. Orion Corporation disclosure
• Negative Sentiment: Market shock: BlackRock capped withdrawals from a $26B private‑credit vehicle after redemption requests exceeded the periodic limit, prompting a broad selloff in BLK and peers as investors reassess liquidity risk in private credit. Forbes: BlackRock Shares Tumble After Limits
• Negative Sentiment: Credit stress: Reporting says BlackRock took a $25M loan write‑off and faced roughly $1.2B in redemption requests tied to private credit, underscoring valuation and liquidity risks in opaque private loan portfolios. Blockonomi: Loan Write-Off & Redemptions
• Negative Sentiment: Contagion risk: The move put alternative asset managers (Blackstone, Apollo, KKR, Ares, Blue Owl) under scrutiny as investors test redemption mechanics across private‑credit and alternative strategies. Benzinga: Peers Under Watch
• Negative Sentiment: Analyst reaction: Evercore trimmed its price target modestly, reflecting near‑term caution after the private‑credit developments. Analyst downgrades/target cuts could add selling pressure if more follow. MarketScreener: Evercore Adjusts Price Target

About BlackRock

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.