BlackRock (NYSE:BLK) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Analysts remain bullish on BlackRock: Eighteen analysts give the stock a consensus “Buy” rating, including 14 buys and two strong buys. The average 12-month price target is approximately $1,311.
• Quarterly results exceeded expectations: BlackRock reported $13.91 in EPS and $7.08 billion in revenue, surpassing estimates and representing 30.6% year-over-year revenue growth.
• Shareholders will receive a quarterly dividend of $5.73: The annualized payout is $22.92 per share, yielding about 2.0%, with the dividend payable September 22 to shareholders of record September 8.

BlackRock (NYSE:BLK - Get Free Report) has received an average recommendation of "Buy" from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1,311.0588.

A number of research firms have recently weighed in on BLK. BNP Paribas Exane upped their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 23rd. Zacks Research upgraded BlackRock from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Keefe, Bruyette & Woods cut BlackRock from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upgraded BlackRock from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Finally, Barclays increased their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th.

BlackRock Trading Up 1.4%

Shares of BLK stock opened at $1,147.45 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a market capitalization of $177.84 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42. The company has a 50 day moving average price of $1,043.69 and a 200 day moving average price of $1,041.62. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the prior year, the firm earned $12.05 EPS. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. Equities research analysts predict that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock's dividend payout ratio is presently 54.78%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of BlackRock by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,062,677 shares of the asset manager's stock worth $15,051,846,000 after purchasing an additional 221,123 shares during the last quarter. BlackRock Inc. purchased a new position in BlackRock in the second quarter valued at $9,747,857,000. State Street Corp increased its holdings in BlackRock by 0.5% in the fourth quarter. State Street Corp now owns 6,264,545 shares of the asset manager's stock valued at $6,705,193,000 after buying an additional 33,752 shares during the last quarter. Corient Private Wealth LLC raised its stake in BlackRock by 5,190.3% in the fourth quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock valued at $5,876,618,000 after buying an additional 5,386,640 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in BlackRock by 4.7% during the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager's stock worth $5,126,387,000 after buying an additional 237,667 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is partnering with Nvidia and other major financial institutions to create financing platforms intended to mobilize more than $500 billion in third-party capital for AI data centers, power generation, and computing infrastructure. The initiative could expand BlackRock’s infrastructure investment and private-credit revenue opportunities. Nvidia partners with Apollo, BlackRock, and others on $500B AI financing push
• Positive Sentiment: BlackRock lowered the minimum in-kind conversion size for its iShares Bitcoin Trust, IBIT, from $25 million to $1 million. The change may broaden institutional access to the ETF’s creation and redemption mechanism, potentially improving liquidity and product appeal. BlackRock Cuts IBIT In-Kind Conversion Minimum To $1M
• Positive Sentiment: IBIT led approximately $854 million of Bitcoin ETF inflows over five days, indicating renewed institutional demand and supporting fee potential for BlackRock’s digital-assets business. BlackRock Canada also launched IBQT, an ETF portfolio allocating 3% to Bitcoin alongside diversified global equities. BlackRock launches two Canada ETFs, with one allocating 3% to Bitcoin
• Neutral Sentiment: BlackRock signed an agreement with North America’s Building Trades Unions to support workforce development and supply-chain resilience for AI and energy infrastructure projects. The partnership may help address labor and execution challenges, but its direct financial impact is unclear. NABTU, BlackRock, and AI Infrastructure Partnership Launch Strategic Collaboration
• Negative Sentiment: The Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, based on allegations that investors received materially misleading business information. The announcement is only an investigation, not a finding of wrongdoing, but it introduces litigation and reputational risk. BlackRock Investor News: Rosen Law Firm Investigation
• Negative Sentiment: Commentary surrounding the Nvidia financing plan warns that aggressive lending against AI infrastructure and chip demand could expose participating financial firms to concentration, valuation, and credit risks. The Perils of Wall St.’s Race to Pour Billions More Into A.I.

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.

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