BMO Capital Markets Cuts BlackRock (NYSE:BLK) Price Target to $1,200.00

BlackRock (NYSE:BLK) had its price objective decreased by research analysts at BMO Capital Markets from $1,300.00 to $1,200.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets’ price target would indicate a potential upside of 19.64% from the company’s previous close.

BLK has been the subject of several other reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. Barclays cut their target price on BlackRock from $1,350.00 to $1,290.00 and set an “overweight” rating for the company in a research report on Wednesday. Evercore decreased their price target on BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. JPMorgan Chase & Co. lifted their price target on BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, BNP Paribas Exane boosted their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,258.06.

BlackRock Stock Performance

BLK stock opened at $1,002.98 on Friday. The company has a 50-day simple moving average of $1,018.36 and a 200 day simple moving average of $1,072.40. The company has a market capitalization of $156.00 billion, a P/E ratio of 28.32, a PEG ratio of 1.37 and a beta of 1.48. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a fifty-two week low of $833.09 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK) last released its earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating the consensus estimate of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter last year, the company earned $11.93 EPS. BlackRock’s quarterly revenue was up 23.4% on a year-over-year basis. Sell-side analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 20,000 shares of BlackRock stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the transaction, the director directly owned 61,894 shares in the company, valued at $69,630,750. The trade was a 24.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert L. Goldstein sold 54,190 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total value of $58,920,245.10. Following the sale, the chief operating officer directly owned 51,478 shares in the company, valued at $55,971,514.62. This trade represents a 51.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,319 shares of company stock worth $123,999,249 over the last three months. Corporate insiders own 1.98% of the company’s stock.

Institutional Trading of BlackRock

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its holdings in shares of BlackRock by 5,190.3% during 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 acquiring an additional 5,386,640 shares during the period. Norges Bank acquired a new position in BlackRock in the 4th quarter worth approximately $2,742,680,000. Oak Harvest Investment Services grew its position in BlackRock by 12,176.1% during the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock worth $1,707,356,000 after purchasing an additional 1,582,159 shares in the last quarter. Auto Owners Insurance Co raised its stake in BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager’s stock valued at $128,441,000 after purchasing an additional 1,283,208 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of BlackRock by 200.5% in the fourth quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock valued at $1,553,194,000 after purchasing an additional 968,245 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Key BlackRock News

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

About BlackRock

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.