BlackRock (NYSE:BLK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of BlackRock (NYSE:BLK) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,311.0588.

BLK has been the topic of a number of research reports. Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods downgraded BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. BNP Paribas Exane raised 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Finally, Bank of America increased their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock’s iShares investment strategy leadership said artificial intelligence remains a long-term opportunity following strong second-quarter earnings across the sector. Continued investor interest in AI-focused ETFs could support flows and fee revenue for the asset manager. What comes next for ETF investors staked in the AI trade in Q3?
• Positive Sentiment: BlackRock-managed funds are participating in a roughly $1 billion equity investment in Adani Airport Holdings. The transaction expands BlackRock’s exposure to India’s infrastructure growth and may generate additional asset-management activity, although the investment itself is made for clients rather than directly by BlackRock. Adani Airports to raise approximately $1 billion
• Neutral Sentiment: A report highlighted BlackRock’s technology-focused closed-end funds, including one trading at a discount and offering substantial monthly distributions. The coverage could increase visibility for BlackRock products, but the distributions and market discount primarily affect fund investors rather than BlackRock’s corporate earnings. BlackRock runs a tech fund with monthly income
• Neutral Sentiment: BlackRock commentary indicated that investors are moving away from the traditional 60/40 portfolio mix. This could benefit alternative assets and broader product diversification, but it also signals changing allocation preferences that may pressure conventional fixed-income and equity strategies. Investors are moving away from the 60/40 portfolio mix
• Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds, alleging that investors may have received materially misleading information. The notice does not establish wrongdoing, but it adds litigation and reputational risk that could weigh on sentiment. BlackRock investor legal investigation

Institutional Investors Weigh In On BlackRock

Several large investors have recently added to or reduced their stakes in BLK. RMG Wealth Management LLC purchased a new position in shares of BlackRock in the 1st quarter worth approximately $25,000. Addison Advisors LLC bought a new stake in BlackRock in the second quarter worth $25,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in BlackRock during the second quarter worth $25,000. Evolution Wealth Management Inc. bought a new position in BlackRock during the fourth quarter valued at $26,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of BlackRock in the second quarter valued at $30,000. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Down 0.8%

Shares of BLK stock opened at $1,063.01 on Friday. The company’s fifty day simple moving average is $1,102.10 and its two-hundred day simple moving average is $1,049.30. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The stock has a market cap of $164.63 billion, a P/E ratio of 25.41, a PEG ratio of 1.18 and a beta of 1.41. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the business posted $12.05 earnings per share. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. Analysts predict that BlackRock will post 55.86 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. BlackRock’s dividend payout ratio (DPR) is presently 54.78%.

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving institutional and individual investors, governments, and financial professionals. The company offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts, and alternative investments across equities, fixed income, multi-asset, and other strategies.

BlackRock is also known for its iShares brand of exchange-traded funds, which provides access to markets and asset classes worldwide.