BlackRock (NYSE:BLK) Price Target Cut to $1,181.00 by Analysts at The Goldman Sachs Group

BlackRock (NYSE:BLK) had its target price cut by The Goldman Sachs Group from $1,341.00 to $1,181.00 in a research report report published on Monday morning,MarketScreener reports. They currently have a buy rating on the asset manager’s stock.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets dropped their price objective on BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Keefe, Bruyette & Woods cut BlackRock from a “moderate buy” rating to a “moderate sell” rating in a report on Tuesday, March 3rd. BNP Paribas Exane boosted their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b-)” rating on shares of BlackRock in a report on Friday, March 27th. Finally, Bank of America boosted their price objective on BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,291.44.

BlackRock Stock Performance

NYSE BLK opened at $959.36 on Monday. The company has a market cap of $149.22 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.24 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. The business’s 50 day moving average price is $1,026.23 and its 200-day moving average price is $1,074.70. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK) last released its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share for the quarter, beating the consensus estimate of $12.55 by $0.61. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.93 EPS. Sell-side analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th were given a dividend of $5.73 per share. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date of this dividend was Friday, March 6th. This represents a $22.92 dividend on an annualized basis and a yield of 2.4%. BlackRock’s dividend payout ratio is presently 64.71%.

Insider Transactions at BlackRock

In other BlackRock news, Director Stephen Cohen sold 225 shares of BlackRock stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,069.56, for a total transaction of $240,651.00. Following the completion of the sale, the director directly owned 5,661 shares of the company’s stock, valued at $6,054,779.16. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert L. Goldstein sold 5,293 shares of BlackRock stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $1,084.22, for a total value of $5,738,776.46. Following the sale, the chief operating officer directly owned 46,185 shares of the company’s stock, valued at approximately $50,074,700.70. This trade represents a 10.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 111,319 shares of company stock valued at $123,999,249. Company insiders own 1.98% of the company’s stock.

Institutional Investors Weigh In On BlackRock

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Purpose Unlimited Inc. bought a new stake in BlackRock during the 4th quarter valued at $459,000. Rockefeller Capital Management L.P. raised its position in BlackRock by 32.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 216,566 shares of the asset manager’s stock valued at $231,800,000 after purchasing an additional 53,657 shares in the last quarter. World Investment Advisors raised its position in BlackRock by 10.4% during the 4th quarter. World Investment Advisors now owns 3,932 shares of the asset manager’s stock valued at $4,210,000 after purchasing an additional 370 shares in the last quarter. ARP Global Capital Ltd bought a new stake in BlackRock during the 4th quarter valued at $9,633,000. Finally, Larry Mathis Financial Planning LLC bought a new stake in BlackRock during the 4th quarter valued at $467,000. 80.69% of the stock is owned by institutional investors.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock filed to launch an iShares Nasdaq‑100 ETF (ticker IQQ), positioning the firm to capture a slice of the large Nasdaq‑100/QQQ market and potentially drive incremental ETF flows and fee revenue over time. BlackRock Takes Aim at Invesco
• Neutral Sentiment: Aiviq named former BlackRock and Apex executive Nicholas Morse as Head of Revenue, Americas — a personnel move reflecting BlackRock alumni influence in the asset‑management ecosystem but with limited direct impact on BLK’s near‑term fundamentals. Aiviq Appoints Nicholas Morse
• Neutral Sentiment: Regulatory/industry shifts — analysis suggests an SEC policy shift could reshape ETF and mutual fund structures (a “domino effect”), which may be material over time but is uncertain in timing and net effect for major managers like BlackRock. SEC Policy Shift Could Ease Capital Gains Pain
• Neutral Sentiment: BlackRock trimmed its direct voting stake in OMV below 4% — a routine holding disclosure that is unlikely to move BLK’s stock materially. BlackRock Trimmed Voting Stake in OMV
• Negative Sentiment: Goldman Sachs lowered its BlackRock price target from $1,341 to $1,181 while maintaining a Buy — the reduced target trims headline upside and can pressure sentiment among momentum/target‑sensitive holders. Goldman Lowers Price Target on BLK
• Negative Sentiment: Market caution ahead of BlackRock’s Q1 results is amplifying short‑term volatility; the ETF filing was publicized just before earnings, leaving investors to weigh near‑term costs and flow visibility versus longer‑term AUM opportunity. BLK ETF Filing Ahead of Q1

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.