BlackRock (NYSE:BLK) Price Target Raised to $1,320.00 at Bank of America

BlackRock (NYSE:BLK) had its price objective hoisted by Bank of America from $1,298.00 to $1,320.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

BLK has been the subject of a number of other reports. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group lifted their price objective on BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. BMO Capital Markets upped their target price on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Barclays increased their target price on BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on BlackRock from $1,275.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,301.35.

BlackRock Stock Down 0.6%

Shares of BlackRock stock opened at $1,087.18 on Thursday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a market cap of $168.50 billion, a P/E ratio of 25.98, a PEG ratio of 1.31 and a beta of 1.43. The company’s fifty day simple moving average is $1,033.96 and its two-hundred day simple moving average is $1,042.92.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 15.01%. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the company posted $12.05 EPS. Research analysts anticipate that BlackRock will post 54.09 EPS for the current year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were paid 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 payout ratio is presently 57.53%.

Insider Transactions at BlackRock

In other news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the sale, the chief executive officer directly 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the sale, the president owned 210,186 shares in the company, valued at $222,082,527.60. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in BlackRock by 0.8% in the 4th quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after purchasing an additional 7,457 shares in the last quarter. Sarasin & Partners LLP increased its stake in 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 purchased a new position in BlackRock in the third quarter worth about $3,791,000. TCV Trust & Wealth Management Inc. bought a new position in shares of BlackRock in the fourth quarter worth approximately $20,279,000. Finally, Texas Yale Capital Corp. lifted its stake 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. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Trending Headlines about BlackRock

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.