Analysts Set BlackRock (NYSE:BLK) Price Target at $1,311.06

BlackRock (NYSE:BLK) has been assigned an average rating of “Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,311.0588.

Several equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Barclays increased their price target on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Evercore restated an “outperform” rating and set a $1,260.00 price objective on shares of BlackRock in a research report on Monday, August 10th. Morgan Stanley lifted their price objective on shares of BlackRock from $1,383.00 to $1,488.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Keefe, Bruyette & Woods cut BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: AI infrastructure financing could create a major growth opportunity. BlackRock is among the financial firms working with Nvidia (NASDAQ: NVDA) and other partners to mobilize more than $500 billion for data centers, GPUs and related infrastructure. The initiative could generate fees from asset management, private credit and structured-finance products while broadening BlackRock’s role beyond traditional investing. NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Positive Sentiment: Scale and asset growth remain key strengths. Reports highlight approximately $15.3 trillion in assets under management, a 22% year-over-year AUM increase and improving profit margins. Continued growth in higher-margin ETFs and other products could support earnings and long-term shareholder returns. Larry Fink’s BlackRock Just Crossed $15.3 Trillion in Assets
• Neutral Sentiment: BlackRock-affiliated investors reportedly sold more than $16 million of Bitcoin and Ethereum, while Dartmouth’s holdings in BlackRock’s iShares Bitcoin ETF and other crypto ETFs declined in value. The developments reflect weaker crypto prices and could signal modest pressure on digital-asset flows, but they do not represent a direct sale of BlackRock’s corporate holdings. BlackRock ends the week dumping millions worth of these 2 cryptocurrencies
• Negative Sentiment: Competition is intensifying in ETFs. Corgi Invest plans to challenge BlackRock with a broad, low-fee lineup, while Goldman Sachs’ planned acquisition of NEOS would strengthen a rival Bitcoin income ETF platform.
• Negative Sentiment: Rosen Law Firm is investigating possible securities claims involving BlackRock mutual funds. The announcement is only an investigation—not a filed finding of wrongdoing—but it adds reputational and legal uncertainty. Rosen investor rights investigation

Hedge Funds Weigh In On BlackRock

A number of large investors have recently modified their holdings of BLK. Legal & General Group Plc grew its position in shares of 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 buying an additional 7,457 shares during the last quarter. Liberty One Investment Management LLC increased its stake in shares of BlackRock by 30.7% during the first quarter. Liberty One Investment Management LLC now owns 4,861 shares of the asset manager’s stock valued at $4,675,000 after buying an additional 1,141 shares during the period. Texas Yale Capital Corp. raised its holdings in shares of BlackRock by 32.2% during the fourth quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock valued at $6,169,000 after acquiring an additional 1,405 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager’s stock worth $28,720,000 after acquiring an additional 13,040 shares during the period. Finally, Capital Research Global Investors boosted its holdings in BlackRock by 0.3% in the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock valued at $4,108,968,000 after acquiring an additional 12,019 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Trading Down 0.1%

NYSE:BLK opened at $1,172.20 on Wednesday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The stock’s fifty day moving average price is $1,053.84 and its two-hundred day moving average price is $1,042.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market cap of $181.54 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.32 and a beta of 1.42.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same quarter in the prior year, the firm posted $12.05 earnings per share. The business’s quarterly revenue was up 30.6% on a year-over-year basis. As a group, analysts expect that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is presently 54.78%.

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.