BlackRock (BLK) to Release Quarterly Earnings on Tuesday

BlackRock (NYSE:BLK - Get Free Report) is expected to be announcing its Q2 2025 earnings results before the market opens on Tuesday, July 15th. Analysts expect BlackRock to post earnings of $10.41 per share and revenue of $5.40 billion for the quarter.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. BlackRock had a net margin of 30.09% and a return on equity of 15.57%. The business's revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $9.81 EPS. On average, analysts expect BlackRock to post $47 EPS for the current fiscal year and $54 EPS for the next fiscal year.

BlackRock Price Performance

BlackRock stock opened at $1,076.55 on Tuesday. The firm has a 50-day moving average price of $982.91 and a 200-day moving average price of $969.29. The firm has a market capitalization of $166.79 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 3.26 and a beta of 1.41. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.38. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,086.84.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were issued a $5.21 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.94%. BlackRock's dividend payout ratio is currently 50.63%.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $912.50, for a total value of $9,125,000.00. Following the transaction, the director directly owned 66,034 shares in the company, valued at approximately $60,256,025. This represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.98% of the stock is owned by corporate insiders.

Institutional Trading of BlackRock

A hedge fund recently raised its stake in BlackRock stock. Bison Wealth LLC increased its position in shares of BlackRock (NYSE:BLK - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,052 shares of the asset manager's stock after purchasing an additional 17 shares during the quarter. Bison Wealth LLC's holdings in BlackRock were worth $1,078,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 80.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BLK shares. TD Cowen cut their price objective on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised shares of BlackRock to a "hold" rating in a research report on Saturday, May 24th. Citigroup cut their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Bank of America dropped their target price on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,110.92.

About BlackRock

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.