BlackRock (NYSE:BLK) Given New $1,383.00 Price Target at Morgan Stanley

BlackRock (NYSE:BLK) had its price objective dropped by investment analysts at Morgan Stanley from $1,430.00 to $1,383.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s price objective suggests a potential upside of 34.31% from the company’s current price.

Other research analysts have also issued research reports about the stock. UBS Group upped their price objective on shares of BlackRock from $1,235.00 to $1,270.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets raised their price target on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced their price target on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating for the company in a report on Monday, April 13th. TD Cowen lowered their price target on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Finally, BNP Paribas Exane increased their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,270.72.

BlackRock Price Performance

BLK opened at $1,029.73 on Tuesday. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $159.60 billion, a P/E ratio of 25.85, a PEG ratio of 1.25 and a beta of 1.43. The stock has a fifty day moving average of $1,033.65 and a 200-day moving average of $1,043.33.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same period in the prior year, the business earned $9.64 EPS. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities analysts forecast that BlackRock will post 53.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BlackRock news, President Robert Kapito sold 8,739 shares of the 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 transaction of $9,233,627.40. Following 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 SEC, which is available at the SEC website. Also, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction on 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BlackRock

Large investors have recently bought and sold shares of the stock. Tema ETFs LLC lifted its stake in shares of BlackRock by 7.6% in the second quarter. Tema ETFs LLC now owns 2,570 shares of the asset manager’s stock valued at $2,471,000 after buying an additional 182 shares during the period. Fiduciary Financial Group LLC raised its stake in shares of BlackRock by 16.4% in the 2nd quarter. Fiduciary Financial Group LLC now owns 405 shares of the asset manager’s stock valued at $389,000 after buying an additional 57 shares in the last quarter. E. Ohman J or Asset Management AB increased its stake in BlackRock by 17.5% in the second quarter. E. Ohman J or Asset Management AB now owns 42,612 shares of the asset manager’s stock valued at $40,974,000 after acquiring an additional 6,361 shares during the period. Orrstown Financial Services Inc. boosted its holdings in BlackRock by 2.6% during the second quarter. Orrstown Financial Services Inc. now owns 509 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 13 shares in the last quarter. Finally, KMG Fiduciary Partners LLC lifted its position in shares of BlackRock by 2.0% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 9,165 shares of the asset manager’s stock worth $8,812,000 after buying an additional 183 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s tokenized Treasury product, BUIDL, continues to gain momentum, with assets on Avalanche nearing $1 billion and total AUM around $2.87 billion. That reinforces investor optimism about BlackRock’s push into digital assets and fee-generating new products. Article Title
• Positive Sentiment: Bitcoin ETF flows improved, and BlackRock’s IBIT recorded strong weekly inflows, suggesting continued demand for its crypto ETF franchise after a long outflow streak in the category. Article Title
• Positive Sentiment: BlackRock was named as a lead investor partner in a $500 million Texas LNG investment through HPS Investment Partners, which could signal continued strength in its alternatives/private markets platform. Article Title
• Neutral Sentiment: BlackRock was cited in a report on surging Japan yields and a possible global rate reset, which highlights the firm’s market commentary but does not directly change fundamentals. Article Title
• Neutral Sentiment: BlackRock and HSBC backing the U.K. tokenization push adds to the firm’s digital-asset narrative, but the article is more about industry adoption than a direct earnings catalyst. Article Title
• Negative Sentiment: One valuation-focused article argued BlackRock stock looks fair on value but pricey on earnings, which may limit upside as investors weigh the premium multiple against already-strong long-term performance. Article Title

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.