BlackRock (NYSE:BLK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of BlackRock (NYSE:BLK) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1,269.4444.

BLK has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on shares of BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BNP Paribas Exane increased their price objective on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Barclays increased their price objective on shares of BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Evercore decreased their price objective on shares of BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. Finally, TD Cowen decreased their price objective on shares of 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.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Morgan Stanley raised its price target on BlackRock to $1,430 from $1,393 and kept an overweight rating, reinforcing a bullish outlook on the stock. Morgan Stanley raises price target on BlackRock
• Positive Sentiment: BlackRock continues to promote retirement-focused solutions, with its 2026 Read on Retirement survey showing demand for help beyond traditional stock-and-bond portfolios; that supports the firm’s advisory and retirement franchise. BlackRock retirement survey
• Positive Sentiment: Trumid announced a multi-year partnership with BlackRock Aladdin, which could deepen the platform’s reach in fixed-income trading workflows and bolster BlackRock’s technology and enterprise relationships. Trumid partnership with BlackRock Aladdin
• Neutral Sentiment: Articles comparing BlackRock with AMG on value and covering BlackRock ETF yield strategies are mostly informational, but they keep BlackRock’s product lineup in focus for income-oriented investors. AMG or BLK value comparison BALI yield strategy article
• Negative Sentiment: Crypto-market commentary noted defensive positioning in BlackRock’s iShares Bitcoin Trust (IBIT) options and a new yearly low for the fund, which may dampen sentiment around BlackRock’s fast-growing Bitcoin ETF business. Bitcoin options traders hedge downside BlackRock iconic fund hits new yearly low
• Negative Sentiment: BlackRock was also mentioned in reports about Bitcoin and Ethereum transfers to Coinbase Prime, which may raise questions about crypto-asset flows, though the impact on BLK itself is unclear. BlackRock sends Bitcoin and Ethereum to Coinbase Prime

Insider Activity at BlackRock

In other news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction that occurred on 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 sale, the president owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the firm’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 transaction of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On BlackRock

Large investors have recently modified their holdings of the stock. RMG Wealth Management LLC purchased a new stake in shares of BlackRock during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $26,000. Birchbrook Inc. purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $32,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of NYSE BLK opened at $966.50 on Tuesday. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The stock has a market cap of $150.03 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The firm’s 50-day simple moving average is $1,045.02 and its 200 day simple moving average is $1,049.66.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating the consensus estimate of $12.40 by $0.13. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the business posted $9.64 EPS. As a group, research analysts anticipate that BlackRock will post 52.8 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were paid a $5.73 dividend. The ex-dividend date was Friday, June 5th. This represents a $22.92 annualized dividend and a yield of 2.4%. BlackRock’s dividend payout ratio (DPR) is 57.53%.

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.