FY2025 EPS Estimates for BlackRock Lifted by Zacks Research

Key Points

• Zacks Research has raised its FY2025 earnings per share estimate for BlackRock to $45.48, an increase from its previous estimate of $43.78.
• BlackRock reported an EPS of $12.05 for its latest quarter, exceeding analyst expectations of $10.41 and showing a 12.9% revenue increase year-over-year.
• The company declared a quarterly dividend of $5.21, with a yield of 1.9%, to be paid on September 23rd to investors of record.

BlackRock (NYSE:BLK - Free Report) - Research analysts at Zacks Research raised their FY2025 EPS estimates for shares of BlackRock in a research report issued on Monday, August 4th. Zacks Research analyst R. Department now expects that the asset manager will post earnings per share of $45.48 for the year, up from their prior forecast of $43.78. The consensus estimate for BlackRock's current full-year earnings is $47.41 per share. Zacks Research also issued estimates for BlackRock's Q1 2026 earnings at $11.49 EPS, Q2 2026 earnings at $12.33 EPS, Q3 2026 earnings at $12.73 EPS, Q4 2026 earnings at $13.68 EPS and FY2026 earnings at $50.23 EPS.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating the consensus estimate of $10.41 by $1.64. The business had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.40 billion. BlackRock had a return on equity of 15.83% and a net margin of 29.68%. The company's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $10.36 EPS.

A number of other equities research analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group reaffirmed a "neutral" rating and set a $980.00 price objective on shares of BlackRock in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on BlackRock from $1,018.00 to $1,093.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Wells Fargo & Company cut their price target on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating for the company in a research note on Wednesday, July 16th. Finally, Morgan Stanley lowered their price objective on shares of BlackRock from $1,247.00 to $1,224.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock has a consensus rating of "Moderate Buy" and an average target price of $1,151.21.

BlackRock Price Performance

Shares of NYSE:BLK traded down $6.67 on Tuesday, reaching $1,113.87. 381,431 shares of the company were exchanged, compared to its average volume of 679,045. The company has a 50-day moving average of $1,052.01 and a 200-day moving average of $984.72. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.38. The firm has a market cap of $172.57 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.42. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,131.93.

Institutional Trading of BlackRock

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Securian Asset Management Inc. purchased a new stake in shares of BlackRock in the first quarter worth about $7,331,000. Prudent Man Advisors LLC purchased a new position in BlackRock in the 1st quarter worth approximately $2,018,000. Arizona State Retirement System acquired a new stake in BlackRock in the first quarter valued at approximately $40,868,000. Allianz SE raised its stake in shares of BlackRock by 2.6% during the first quarter. Allianz SE now owns 11,025 shares of the asset manager's stock valued at $10,435,000 after purchasing an additional 277 shares during the period. Finally, Polar Capital Holdings Plc acquired a new position in shares of BlackRock during the fourth quarter worth $15,307,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 17,142 shares of BlackRock stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the transaction, the director owned 61,369 shares in the company, valued at $68,763,964.50. This trade represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rachel Lord sold 18,036 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the transaction, the director directly owned 19,205 shares in the company, valued at $21,617,148. This trade represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 in the last ninety days. 1.98% of the stock is owned by company insiders.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 5th. BlackRock's payout ratio is presently 50.39%.

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.