BlackRock (NYSE:BLK) Given New $1,300.00 Price Target at Keefe, Bruyette & Woods

BlackRock (NYSE:BLK) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $1,275.00 to $1,300.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 18.84% from the company’s previous close.

A number of other brokerages also recently issued reports on BLK. TD Cowen reduced their price objective 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. JPMorgan Chase & Co. decreased their target price on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. BMO Capital Markets increased their price objective on BlackRock from $1,200.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings raised BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, BNP Paribas Exane boosted their price target on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,290.00.

BlackRock Stock Up 6.7%

Shares of BLK opened at $1,093.92 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The stock has a market capitalization of $169.55 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.23 and a beta of 1.43. The stock has a fifty day moving average of $1,033.59 and a 200-day moving average of $1,042.93.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The business’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.05 earnings per share. As a group, sell-side analysts anticipate that BlackRock will post 54.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Robert Kapito sold 8,739 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction 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 owned 230,516 shares of the company’s stock, valued at $242,168,583.80. This trade represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.92% of the company’s stock.

Institutional Trading of BlackRock

A number of hedge funds have recently added to or reduced their stakes in BLK. Evolution Wealth Management Inc. purchased a new position in BlackRock in the 4th quarter valued at about $26,000. RMG Wealth Management LLC acquired a new stake in shares of BlackRock in the 1st quarter worth $25,000. Birchbrook Inc. purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $31,000. Basepoint Wealth LLC purchased a new stake in BlackRock in the fourth quarter valued at $32,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of BlackRock during the 4th quarter worth about $32,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock beat Q2 expectations on both earnings and revenue, with adjusted EPS of $13.91 and revenue of $7.08 billion, supporting investor confidence in the company’s operating momentum. BlackRock Reports Second Quarter 2026 Earnings
• Positive Sentiment: Assets under management reached a record $15.3 trillion, while second-quarter net inflows of $192 billion highlighted continued demand for BlackRock’s funds and ETFs. BlackRock Shares Rally After Assets Soar Past $15 Trillion
• Positive Sentiment: Management signaled confidence by increasing quarterly share repurchases to $550 million, which investors often view as a sign of healthy cash generation and capital discipline. BlackRock profits jump as assets under management hit a record 15 trillion
• Neutral Sentiment: BlackRock’s CEO Larry Fink also made bullish comments on Bitcoin and tokenization, reinforcing the firm’s push into digital assets and blockchain-based financial products, though this is more of a long-term strategic theme than an immediate stock driver. Larry Fink Says Bitcoin Has ‘More Stability’ at Current Levels
• Neutral Sentiment: There was also attention on BlackRock’s crypto-related holdings and ETF flows, but the mixed headlines around digital assets are less important than the company’s main earnings and AUM beat. BlackRock’s Crypto Funds Drop 39% as Lower Crypto Prices Hurt Holdings

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.