BlackRock (NYSE:BLK) Price Target Raised to $1,300.00 at Keefe, Bruyette & Woods

BlackRock (NYSE:BLK) had its price objective boosted by Keefe, Bruyette & Woods from $1,275.00 to $1,300.00 in a research note published on Thursday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

A number of other research firms also recently issued reports on BLK. JPMorgan Chase & Co. decreased their price objective on shares of BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Weiss Ratings upgraded shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. TD Cowen reduced their target price on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Jefferies Financial Group decreased their price target on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group lifted their price target on shares of BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus price target of $1,301.35.

BlackRock Trading Down 0.6%

Shares of BlackRock stock opened at $1,087.18 on Thursday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The firm has a market cap of $168.50 billion, a PE ratio of 25.98, a P/E/G ratio of 1.31 and a beta of 1.43. The stock has a fifty day moving average price of $1,033.96 and a 200-day moving average price of $1,042.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share 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 the consensus estimate of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. 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 EPS. Equities research analysts anticipate that BlackRock will post 54.09 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were issued a dividend of $5.73 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio is 57.53%.

Insider Transactions at BlackRock

In other BlackRock news, President Robert Kapito sold 8,739 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the completion of the transaction, the president owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer owned 230,516 shares of the company’s stock, valued at $242,168,583.80. The trade was a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackRock

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in BlackRock by 0.8% in the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock valued at $985,331,000 after purchasing an additional 7,457 shares during the period. Sarasin & Partners LLP grew its position in shares of BlackRock by 10.6% during the 4th quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock valued at $269,572,000 after purchasing an additional 24,196 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of BlackRock in the third quarter worth $3,791,000. TCV Trust & Wealth Management Inc. bought a new position in shares of BlackRock in the fourth quarter worth $20,279,000. Finally, Texas Yale Capital Corp. raised its position in shares of BlackRock by 32.2% in the fourth quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock worth $6,169,000 after buying an additional 1,405 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock reported record Q2 results, including $15.3 trillion in AUM, strong revenue growth, and earnings above expectations, underscoring broad-based momentum in its core asset-management business.
• Positive Sentiment: Several analysts turned more bullish after earnings, with JPMorgan upgrading BLK to overweight and Bank of America, Keefe, Bruyette & Woods, and others raising price targets, which can help support the stock.
• Positive Sentiment: BlackRock’s long-term growth levers — including tokenization, private markets, direct indexing, and automation-driven margin expansion — were highlighted by analysts as potential drivers of future earnings growth.
• Neutral Sentiment: BlackRock’s growing role in crypto and tokenized assets remains a developing narrative, with articles noting strong ETF inflows and Larry Fink’s bullish comments on Bitcoin and digital markets.
• Neutral Sentiment: The company also disclosed a higher stake in Caledonia Mining, but this appears to be a routine ownership filing rather than a direct catalyst for BLK shares.
• Negative Sentiment: Some coverage noted that BlackRock’s crypto fund holdings declined sharply in value over the past year because of lower crypto prices, which could temper enthusiasm around that business line.

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.