BlackRock (NYSE:BLK) Price Target Cut to $1,235.00 by Analysts at Evercore

BlackRock (NYSE:BLK) had its price target cut by Evercore from $1,275.00 to $1,235.00 in a research report report published on Friday,MarketScreener reports. They currently have an outperform rating on the asset manager’s stock.

A number of other brokerages have also recently commented on BLK. Jefferies Financial Group reiterated a “buy” rating and set a $1,351.00 target price on shares of BlackRock in a report on Friday, January 16th. Wall Street Zen upgraded BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BlackRock from $1,296.00 to $1,380.00 in a report on Thursday, January 15th. Barclays lifted their price target on shares of BlackRock from $1,300.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, BMO Capital Markets cut their price objective on shares of BlackRock from $1,300.00 to $1,250.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,308.89.

BlackRock Price Performance

Shares of NYSE:BLK traded down $81.33 during midday trading on Friday, hitting $953.67. 1,845,054 shares of the stock were exchanged, compared to its average volume of 782,984. The stock has a market cap of $148.33 billion, a P/E ratio of 26.92, a PEG ratio of 1.30 and a beta of 1.48. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a 50 day moving average price of $1,089.21 and a 200-day moving average price of $1,099.40. 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 (NYSE:BLK) last announced its earnings results on Thursday, January 15th. The asset manager reported $13.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.55 by $0.61. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.80 billion. BlackRock had a net margin of 22.93% and a return on equity of 14.78%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.93 earnings per share. On average, research analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be given a $5.73 dividend. This is an increase from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s dividend payout ratio (DPR) is 58.84%.

Insiders Place Their Bets

In other BlackRock news, CFO Martin Small sold 27,047 shares of BlackRock stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total value of $31,675,823.58. Following the transaction, the chief financial officer directly owned 10,557 shares of the company’s stock, valued at $12,363,724.98. The trade was a 71.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert L. Goldstein sold 54,190 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 51,478 shares of the company’s stock, valued at approximately $55,971,514.62. This trade represents a 51.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,319 shares of company stock worth $123,999,249 over the last quarter. 1.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackRock

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its position 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 purchasing an additional 5,386,640 shares during the period. Norges Bank bought a new position in BlackRock in the fourth quarter worth $2,742,680,000. Laurel Wealth Advisors LLC boosted its stake in BlackRock by 105,267.4% during the second quarter. Laurel Wealth Advisors LLC now owns 1,705,899 shares of the asset manager’s stock worth $1,789,915,000 after buying an additional 1,704,280 shares in the last quarter. Oak Harvest Investment Services increased its holdings in BlackRock by 12,176.1% in the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager’s stock valued at $1,707,356,000 after buying an additional 1,582,159 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of BlackRock by 200.5% in the 4th quarter. Wellington Management Group LLP now owns 1,451,122 shares of the asset manager’s stock valued at $1,553,194,000 after buying an additional 968,245 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is expanding its iShares iBonds ETF franchise — nine new defined‑maturity bond ETFs across Treasuries, TIPS, corporates, high yield and muni markets — which supports fee growth and ETF distribution strength. BlackRock Announces Plans to Expand iBonds ETF Franchise
• Positive Sentiment: BlackRock launched the iShares Broad USD Floating Rate Loan ETF (USLN), opening index‑based access to the $1.4T leveraged‑loan market — a distribution/growth opportunity for its ETF business. BlackRock Launches USLN ETF
• Positive Sentiment: Institutional adoption of BlackRock’s Aladdin Wealth continues: Intesa Sanpaolo will extend use of Aladdin Wealth for its international banks unit, supporting recurring technology revenue. Intesa Sanpaolo to adopt BlackRock’s Aladdin Wealth
• Neutral Sentiment: Regulatory disclosure: BlackRock disclosed its stake in Finland’s Orion Corp lifted above 5%, a routine holdings disclosure with little immediate impact on BLK’s fundamentals. Orion Corporation disclosure
• Negative Sentiment: Market shock: BlackRock capped withdrawals from a $26B private‑credit vehicle after redemption requests exceeded the periodic limit, prompting a broad selloff in BLK and peers as investors reassess liquidity risk in private credit. Forbes: BlackRock Shares Tumble After Limits
• Negative Sentiment: Credit stress: Reporting says BlackRock took a $25M loan write‑off and faced roughly $1.2B in redemption requests tied to private credit, underscoring valuation and liquidity risks in opaque private loan portfolios. Blockonomi: Loan Write-Off & Redemptions
• Negative Sentiment: Contagion risk: The move put alternative asset managers (Blackstone, Apollo, KKR, Ares, Blue Owl) under scrutiny as investors test redemption mechanics across private‑credit and alternative strategies. Benzinga: Peers Under Watch
• Negative Sentiment: Analyst reaction: Evercore trimmed its price target modestly, reflecting near‑term caution after the private‑credit developments. Analyst downgrades/target cuts could add selling pressure if more follow. MarketScreener: Evercore Adjusts Price Target

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.