Investment Analysts’ Weekly Ratings Updates for BlackRock (BLK)

Several analysts have recently updated their ratings and price targets for BlackRock (NYSE: BLK):

• 11/13/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/11/2024 – BlackRock had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $1,105.00 to $1,133.00. They now have a “buy” rating on the stock.
• 11/7/2024 – BlackRock had its price target raised by analysts at Evercore ISI from $1,040.00 to $1,160.00. They now have an “outperform” rating on the stock.
• 11/5/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/28/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/21/2024 – BlackRock had its price target raised by analysts at JPMorgan Chase & Co. from $864.00 to $914.00. They now have a “neutral” rating on the stock.
• 10/20/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/14/2024 – BlackRock had its price target raised by analysts at Barclays PLC from $1,010.00 to $1,120.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – BlackRock had its price target raised by analysts at Morgan Stanley from $1,150.00 to $1,245.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – BlackRock had its price target raised by analysts at Evercore ISI from $995.00 to $1,040.00. They now have an “outperform” rating on the stock.
• 10/12/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/10/2024 – BlackRock had its price target raised by analysts at TD Cowen from $960.00 to $1,077.00. They now have a “buy” rating on the stock.
• 10/9/2024 – BlackRock had its price target raised by analysts at Wells Fargo & Company from $1,000.00 to $1,070.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – BlackRock had its price target raised by analysts at Barclays PLC from $990.00 to $1,010.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – BlackRock had its price target raised by analysts at Morgan Stanley from $1,036.00 to $1,150.00. They now have an “overweight” rating on the stock.
• 10/4/2024 – BlackRock had its price target raised by analysts at Evercore ISI from $945.00 to $995.00. They now have an “outperform” rating on the stock.
• 10/4/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/3/2024 – BlackRock had its price target raised by analysts at The Goldman Sachs Group, Inc. from $960.00 to $1,040.00. They now have a “buy” rating on the stock.
• 10/1/2024 – BlackRock had its price target raised by analysts at JPMorgan Chase & Co. from $774.00 to $864.00. They now have a “neutral” rating on the stock.
• 9/26/2024 – BlackRock is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

BlackRock Price Performance

BLK stock opened at $1,036.09 on Wednesday. The stock has a market capitalization of $153.48 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. The stock’s fifty day simple moving average is $956.14 and its 200-day simple moving average is $863.66. BlackRock, Inc. has a 52-week low of $658.14 and a 52-week high of $1,068.34. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.91 EPS. Equities research analysts expect that BlackRock, Inc. will post 43.16 EPS for the current year.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction on Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now owns 6,480 shares in the company, valued at $5,832,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of BlackRock by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after purchasing an additional 292,017 shares during the period. Capital Research Global Investors raised its holdings in BlackRock by 11.1% in the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the period. Fisher Asset Management LLC lifted its position in BlackRock by 1.9% during the third quarter. Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager’s stock valued at $2,081,561,000 after buying an additional 40,865 shares in the last quarter. Ameriprise Financial Inc. grew its stake in BlackRock by 2.9% during the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after buying an additional 46,728 shares during the period. Finally, Legal & General Group Plc increased its position in shares of BlackRock by 1.9% in the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock worth $942,640,000 after acquiring an additional 22,311 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

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.