BlackRock (NYSE:BLK) Stock Has Consensus Price Target of $1,337.19

Shares of BlackRock (NYSE:BLK) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $1,342.25.

BLK has been the subject of several recent research reports. Morgan Stanley lifted their price target on BlackRock from $1,468.00 to $1,531.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Weiss Ratings lowered BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. BNP Paribas Exane upped their price objective on BlackRock from $1,370.00 to $1,430.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Evercore reaffirmed an “outperform” rating and set a $1,275.00 price objective (down from $1,300.00) on shares of BlackRock in a research note on Friday, October 9th. Finally, BMO Capital Markets 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 Monday, October 19th.

Institutional Trading of BlackRock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Santa Clara Valley Transportation Authority purchased a new position in BlackRock in the 2nd quarter valued at about $129,138,253,000. BlackRock Inc. acquired a new stake in shares of BlackRock during the second quarter valued at about $9,747,857,000. Temasek Holdings Private Ltd increased its position in shares of BlackRock by 4.7% during the first quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock worth $5,126,387,000 after acquiring an additional 237,667 shares during the last quarter. Bank of America Corp DE increased its position in shares of BlackRock by 0.7% during the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock worth $5,032,603,000 after acquiring an additional 35,069 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of BlackRock by 23.3% in the second quarter. Wellington Management Group LLP now owns 4,495,074 shares of the asset manager’s stock worth $4,322,283,000 after acquiring an additional 850,406 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong digital-asset momentum: BlackRock’s spot Bitcoin ETF, IBIT, attracted approximately $110 million as Bitcoin recovered above $80,000. Renewed inflows could support fee revenue and reinforce BlackRock’s leadership in cryptocurrency-based investment products. Bitcoin Back Above $80K, IBIT Breaks Outflow Spell
• Positive Sentiment: Expansion into tokenized finance: BlackRock Japan is exploring a partnership with SBI Holdings and Startale to connect tokenized money-market funds with a yen-pegged stablecoin. Although no product launch has been announced, the initiative could expand distribution and adoption of BlackRock’s digital fund infrastructure in Japan. BlackRock and SBI Explore Yen Stablecoin Link for Tokenised Funds
• Positive Sentiment: Private-markets opportunity: Preqin, now part of BlackRock, forecasts global private-markets assets under management will exceed $34 trillion by the end of 2031. The outlook highlights a sizable long-term opportunity for BlackRock’s private equity, credit, venture capital and infrastructure businesses. Preqin Forecasts Global Private Markets AUM to Exceed $34 Trillion by end of 2031
• Positive Sentiment: Broader product distribution: BlackRock is participating in Envestnet’s white-labeled model-management programs for registered investment advisers and broker-dealers. Greater access to advisor platforms could support future asset gathering and recurring management fees. Envestnet Custom Model Solutions Gives RIAs a White-Labeled Path to Outsourced Model Management
• Neutral Sentiment: BlackRock disclosed increased voting rights of 15.08% in ChemoMetec and reported stakes of 6.7% in Trimble and 14.0% in Universal Technical Institute. These filings mainly reflect portfolio or ownership activity and have limited direct implications for BLK’s earnings.
• Negative Sentiment: BlackRock’s lower-cost ether ETF is being marketed as a cheaper alternative to Grayscale’s ETHE, with potential annual savings for investors. While this may attract assets, it also underscores fee pressure across crypto ETFs and could limit revenue per dollar managed. Forget ETHE. BlackRock Charges $2,250 Less a Year to Hold the Same Ether on $100,000

BlackRock Stock Performance

NYSE BLK opened at $1,158.64 on Monday. The firm has a market capitalization of $179.44 billion, a P/E ratio of 26.34, a PEG ratio of 1.16 and a beta of 1.41. The stock has a 50-day simple moving average of $1,103.38 and a two-hundred day simple moving average of $1,063.29. 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 fifty-two week low of $917.39 and a fifty-two week high of $1,187.17.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, topping analysts’ consensus estimates of $14.32 by $1.61. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.42 billion. BlackRock had a return on equity of 16.08% and a net margin of 24.22%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.43 earnings per share. On average, equities analysts forecast that BlackRock will post 57.82 earnings per share for the current year.

About BlackRock

BlackRock, Inc is a global investment management and financial technology company headquartered in New York. Founded in 1988, the company provides investment, technology and advisory services to institutional and individual investors, governments, foundations and other clients worldwide.

BlackRock offers a broad range of investment products and strategies, including equity and fixed-income funds, index funds, exchange-traded funds through its iShares business, multi-asset portfolios, cash-management products and alternative investments.