JPMorgan Chase & Co. Cuts BlackRock (NYSE:BLK) Price Target to $1,128.00

BlackRock (NYSE:BLK) had its price objective reduced by JPMorgan Chase & Co. from $1,269.00 to $1,128.00 in a research report sent to investors on Monday morning, MarketBeat reports. They currently have a neutral rating on the asset manager’s stock.

A number of other analysts have also recently weighed in on BLK. Evercore reduced their price target on BlackRock from $1,235.00 to $1,180.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. TD Cowen reduced their target price on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group decreased their target price on BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Freedom Capital upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen raised shares of BlackRock from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,266.28.

BlackRock Stock Down 0.5%

Shares of NYSE:BLK opened at $1,049.04 on Monday. BlackRock has a 52 week low of $845.82 and a 52 week high of $1,219.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market cap of $163.17 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.48. The firm has a 50 day simple moving average of $1,013.23 and a 200 day simple moving average of $1,068.89.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.96% and a net margin of 24.40%.The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same period last year, the company posted $9.64 EPS. As a group, research analysts expect that BlackRock will post 47.41 earnings per share for the current year.

Insider Activity at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 54,190 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the completion of the sale, the chief operating officer directly owned 51,478 shares of the company’s stock, valued at $55,971,514.62. This represents a 51.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J. Richard Kushel sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the transaction, the director owned 61,894 shares in the company, valued at approximately $69,630,750. The trade was a 24.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 111,319 shares of company stock valued at $123,999,249 in the last 90 days. 1.98% of the stock is owned by company insiders.

Institutional Trading of BlackRock

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in BlackRock by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager’s stock valued at $15,051,846,000 after buying an additional 221,123 shares during the period. State Street Corp lifted its holdings in shares of BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after acquiring an additional 33,752 shares during the period. Corient Private Wealth LLC boosted its position in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock valued at $5,876,618,000 after acquiring an additional 5,386,640 shares in the last quarter. Bank of America Corp DE raised its position in BlackRock by 3.0% in the fourth quarter. Bank of America Corp DE now owns 5,197,904 shares of the asset manager’s stock worth $5,563,524,000 after purchasing an additional 149,902 shares in the last quarter. Finally, Capital Research Global Investors raised its position in BlackRock by 0.3% in the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock worth $4,108,968,000 after purchasing an additional 12,019 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Robust Q1 results — BlackRock beat EPS and revenue expectations, reported ~$130B in net inflows, rising performance fees and record AUM near $13.9T; management hailed a strong start to the year. BlackRock Reports First Quarter 2026 Earnings
• Positive Sentiment: iShares momentum — BlackRock’s iShares business posted record Q1 inflows (~$132B), supporting fee growth and higher-margin product mix. BlackRock iShares Sees Record $132 Billion Inflows
• Positive Sentiment: Analyst bullishness — Several firms (Goldman, Barclays, Keefe Bruyette & Woods, UBS among others) raised price targets and maintained buy/overweight views after Q1, signaling continued Wall Street confidence in BLK’s growth/fee trajectory. BlackRock Gets Dual Price Target Hikes
• Neutral Sentiment: Crypto exposure: BlackRock is re-accumulating Bitcoin and Ethereum for its crypto ETFs, showing ongoing institutional demand — positive for product adoption but still a small share of total AUM. BlackRock Is Buying Up Bitcoin & Ethereum Again
• Neutral Sentiment: Mixed crypto AUM dynamics — Digital-asset inflows of ~$935M in Q1 were offset by market-driven AUM declines (~$18.7B), leaving crypto assets under management modest relative to BLK’s $13.9T platform. That limits near-term revenue impact. BlackRock Reports $935M Crypto Inflows, $18.7B AUM Fall
• Negative Sentiment: Investor litigation risk — A Pomerantz law firm notice is investigating potential claims on behalf of BlackRock investors, which can create short-term headline risk. Pomerantz Investigates Claims On Behalf of BlackRock Investors
• Negative Sentiment: Some sell-side caution — At least one major bank has trimmed its expectations for BLK, and market volatility that trimmed AUM in Q1 could pressure near-term fee growth if flows reverse. JPMorgan Lowers Expectations for BlackRock

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.