Research Analysts’ Weekly Ratings Changes for BlackRock (BLK)

BlackRock (NYSE: BLK) has recently received a number of price target changes and ratings updates:

• 2/1/2025 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/24/2025 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/21/2025 – BlackRock had its price target raised by analysts at UBS Group AG from $1,017.00 to $1,045.00. They now have a “neutral” rating on the stock.
• 1/16/2025 – BlackRock had its price target raised by analysts at Morgan Stanley from $1,261.00 to $1,275.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – BlackRock had its price target raised by analysts at Wells Fargo & Company from $1,155.00 to $1,175.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/16/2025 – BlackRock had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $1,215.00 to $1,275.00. They now have a “buy” rating on the stock.
• 1/14/2025 – BlackRock had its price target raised by analysts at JPMorgan Chase & Co. from $914.00 to $971.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – BlackRock had its price target lowered by analysts at Barclays PLC from $1,220.00 to $1,160.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – BlackRock had its price target lowered by analysts at Keefe, Bruyette & Woods from $1,225.00 to $1,160.00. They now have an “outperform” rating on the stock.
• 1/8/2025 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/7/2025 – BlackRock had its price target lowered by analysts at Wells Fargo & Company from $1,200.00 to $1,155.00. They now have an “overweight” rating on the stock.
• 12/31/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/23/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/23/2024 – BlackRock had its price target raised by analysts at Citigroup Inc. from $1,150.00 to $1,200.00. They now have a “buy” rating on the stock.
• 12/20/2024 – BlackRock had its price target raised by analysts at Morgan Stanley from $1,245.00 to $1,261.00. They now have an “overweight” rating on the stock.
• 12/15/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/9/2024 – BlackRock had its price target raised by analysts at Barclays PLC from $1,120.00 to $1,220.00. They now have an “overweight” rating on the stock.
• 12/7/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

BlackRock Price Performance

Shares of BLK opened at $1,014.90 on Tuesday. The company has a market capitalization of $157.19 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.06 and a beta of 1.28. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The business’s 50-day moving average is $1,026.43 and its two-hundred day moving average is $963.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the company posted $9.66 EPS. BlackRock’s quarterly revenue was up 22.6% compared to the same quarter last year. Research analysts predict that BlackRock, Inc. will post 47.45 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.05%. BlackRock’s dividend payout ratio (DPR) is 48.57%.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the sale, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,190 shares of company stock valued at $115,163,141 over the last 90 days. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackRock

Several institutional investors have recently made changes to their positions in BLK. FSA Wealth Management LLC acquired a new stake in shares of BlackRock during the third quarter worth $26,000. Collier Financial bought a new position in BlackRock during the 4th quarter valued at $32,000. Compass Planning Associates Inc bought a new stake in shares of BlackRock in the 4th quarter valued at approximately $33,000. Atwood & Palmer Inc. acquired a new stake in BlackRock during the fourth quarter worth about $36,000. Finally, West Financial Advisors LLC bought a new position in BlackRock during the 4th quarter worth $39,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.