BlackRock (NYSE:BLK) Given Consensus Recommendation of “Buy” by Analysts

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

BLK has been the topic of several recent research reports. BNP Paribas Exane lifted their target price on shares of BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods downgraded BlackRock from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Weiss Ratings cut BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, UBS Group upped their target price on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th.

Institutional Trading of BlackRock

Several large investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in BlackRock in the fourth quarter worth about $26,000. RMG Wealth Management LLC bought a new stake in BlackRock in the first quarter valued at about $25,000. Addison Advisors LLC acquired a new stake in BlackRock during the second quarter valued at approximately $25,000. Kelly Lawrence W & Associates Inc. CA bought a new position in BlackRock during the 2nd quarter worth approximately $25,000. Finally, Birchbrook Inc. bought a new position in BlackRock during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Bitcoin strategy remains supportive: BlackRock said Bitcoin’s investment case is unchanged despite its recent decline, maintaining that a small allocation—up to 2% of a portfolio—can provide diversification. The comments reinforce confidence in BlackRock’s digital-asset offerings, including the iShares Bitcoin Trust (IBIT). Bitcoin’s Investment Case Hasn’t Changed, BlackRock Says
• Positive Sentiment: Institutional interest in IBIT: A filing showed Jane Street held more than $1 billion in spot Bitcoin ETF shares as of June 30, including approximately $828 million in BlackRock’s IBIT. Although the snapshot does not reflect current holdings, it highlights institutional adoption of BlackRock’s crypto ETF. Jane Street Reports Over $1 Billion in Bitcoin ETF Shares
• Positive Sentiment: Technical outlook improved: BlackRock’s 50-day moving average recently moved above its 200-day average, forming a “golden cross,” a signal that can attract momentum-oriented investors. BlackRock Technical Outlook
• Positive Sentiment: Income appeal: BlackRock continues to be highlighted as a dividend-paying investment manager with favorable analyst sentiment and potential price-target upside. Dividend Stocks and Income Investing
• Neutral Sentiment: Portfolio disclosure: BlackRock was identified as a major shareholder of Qiagen, but the regulatory filing primarily reflects an investment holding and does not indicate a material change to BlackRock’s operating outlook. BlackRock Revealed as Major Qiagen Shareholder
• Negative Sentiment: Data-center insurance risk: BlackRock and Meta’s $14 billion Texas data-center project reportedly faces an insurance gap, potentially exposing lenders and investors to substantial losses from catastrophic events. The issue could raise concerns about risk management and financing for large infrastructure investments. Meta and BlackRock Data Center Insurance Risk

BlackRock Trading Up 0.8%

NYSE BLK opened at $1,155.78 on Wednesday. The firm has a market capitalization of $179.00 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The company’s 50 day moving average price is $1,059.83 and its 200 day moving average price is $1,043.05.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) 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 company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm earned $12.05 earnings per share. BlackRock’s revenue for the quarter was up 30.6% on a year-over-year basis. On average, sell-side analysts predict that BlackRock will post 55.63 EPS for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 annualized dividend and a yield of 2.0%. BlackRock’s payout ratio is 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.