BlackRock (NYSE:BLK) Price Target Cut to $1,200.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets cut its price target on BlackRock from $1,300 to $1,200 while keeping an "outperform" rating, implying roughly a 19.6% upside; several other firms trimmed targets this week but the MarketBeat consensus price target remains about $1,258 with an average "Moderate Buy" rating.
• BlackRock reported a strong quarter (EPS $13.16 vs. $12.55 estimate; revenue $7.01B, up 23.4% y/y), yet shares trade around $1,003 and recent insider selling plus an investor investigation introduce near-term sentiment risks.

BlackRock (NYSE:BLK - Get Free Report) had its price target dropped by research analysts at BMO Capital Markets from $1,300.00 to $1,200.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the asset manager's stock. BMO Capital Markets' price objective points to a potential upside of 19.64% from the stock's previous close.

BLK has been the topic of several other research reports. Jefferies Financial Group reduced their price target on shares of BlackRock from $1,351.00 to $1,199.00 and set a "buy" rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on BlackRock from $1,340.00 to $1,150.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays reduced their target price on BlackRock from $1,350.00 to $1,290.00 and set an "overweight" rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of BlackRock in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and a consensus price target of $1,258.06.

BlackRock Stock Up 0.1%

Shares of NYSE:BLK opened at $1,002.98 on Friday. The firm has a market cap of $156.00 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The company has a fifty day simple moving average of $1,018.36 and a 200 day simple moving average of $1,072.40. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a 12-month low of $833.09 and a 12-month high of $1,219.94.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating analysts' consensus estimates of $12.55 by $0.61. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The firm's revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.93 EPS. On average, equities research analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Robert L. Goldstein sold 5,293 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the completion of the transaction, the chief operating officer directly owned 46,185 shares in the company, valued at $50,074,700.70. This represents a 10.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Cohen sold 225 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,069.56, for a total value of $240,651.00. Following the completion of the sale, the director directly owned 5,661 shares in the company, valued at $6,054,779.16. This represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,319 shares of company stock valued at $123,999,249 over the last quarter. Company insiders own 1.98% of the company's stock.

Hedge Funds Weigh In On BlackRock

Several institutional investors have recently modified their holdings of the company. Purpose Unlimited Inc. bought a new position in BlackRock in the 4th quarter worth about $459,000. Rockefeller Capital Management L.P. raised its holdings in shares of BlackRock by 32.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 216,566 shares of the asset manager's stock valued at $231,800,000 after buying an additional 53,657 shares during the last quarter. World Investment Advisors boosted its position in shares of BlackRock by 10.4% during the fourth quarter. World Investment Advisors now owns 3,932 shares of the asset manager's stock worth $4,210,000 after buying an additional 370 shares during the period. ARP Global Capital Ltd bought a new position in BlackRock in the 4th quarter worth approximately $9,633,000. Finally, Larry Mathis Financial Planning LLC bought a new position in BlackRock in the 4th quarter worth approximately $467,000. Institutional investors own 80.69% of the company's stock.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Heavy inflows into BlackRock’s iShares Bitcoin Trust — investors added ~$269.3M in a single day, the largest daily inflow in about five weeks, which supports AUM growth and fee revenue for BLK’s crypto ETF platform. BlackRock’s Bitcoin ETF inflows $269M, marking a 5-week high
• Positive Sentiment: BlackRock made a large single-day ETH purchase (~$60.8M) for its ETH-related ETF activity — a sign of active portfolio deployment in crypto products that can drive incremental AUM and signal institutional conviction. Everything About the Ethereum Price Prediction...
• Positive Sentiment: BlackRock’s dividend-focused ETFs are drawing income-seeking flows, with some funds offering 5%+ yields — supports stable retail/institutional demand in a higher-yield environment. 3 High-Yield BlackRock Dividend ETFs Paying 5%+...
• Positive Sentiment: Potential bid for Associated British Ports via BlackRock’s infrastructure arm — expands private-markets/infrastructure exposure, which can boost fee-bearing AUM and diversify revenue beyond public market ETFs. BlackRock Eyes Associated British Ports...
• Neutral Sentiment: BlackRock and State Street filings to launch Nasdaq-100 ETFs challenging Invesco’s QQQ — could win market share over time but may trigger a fee war that compresses margins in the large-cap tech ETF space. BLK & STT Enter Nasdaq 100 Index ETFs...
• Neutral Sentiment: Q1 earnings countdown — analysts have been revising forecasts ahead of BLK’s April 14 report; results and flows data could move the stock materially either way. Countdown to BlackRock (BLK) Q1 Earnings...
• Negative Sentiment: Multiple analysts trimmed price targets this week (Barclays, Jefferies, Keefe, TD Cowen, UBS among others) citing macro/earnings risks — analyst downgrades and lower PTs add downward pressure on sentiment despite many ratings remaining constructive. BlackRock NYSE: BLK Price Target Cut to $1,235.00 by Analysts at UBS Group
• Negative Sentiment: Pomerantz law firm announced an investor investigation into BLK — introduces legal/retention risk and can amplify volatility until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims...
• Negative Sentiment: BlackRock executive Helen Jewell warned earnings estimates may be “overly optimistic” given inflationary fallout from the Middle East conflict — a caution that could temper guidance and investor expectations. BlackRock’s Jewell Says Earnings Estimates Are Overly Optimistic

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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