BlackRock (NYSE:BLK) Stock Price Target Raised at TD Cowen

BlackRock (NYSE:BLK) had its target price increased by TD Cowen from $1,190.00 to $1,212.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the asset manager’s stock.

A number of other equities analysts have also weighed in on BLK. Evercore reiterated an “outperform” rating and set a $1,275.00 target price on shares of BlackRock in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $1,389.00 price target on shares of BlackRock in a research report on Thursday, July 16th. Keefe, Bruyette & Woods upgraded shares of BlackRock from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a report on Thursday, July 16th. Finally, Weiss Ratings downgraded shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,310.53.

BlackRock Stock Up 0.1%

Shares of NYSE BLK opened at $1,083.43 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market capitalization of $167.79 billion, a PE ratio of 25.89, a P/E/G ratio of 1.22 and a beta of 1.41. BlackRock has a one year low of $917.39 and a one year high of $1,219.94. The business’s fifty day moving average price is $1,108.87 and its 200-day moving average price is $1,059.65.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted $12.05 EPS. On average, equities research analysts anticipate that BlackRock will post 55.71 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a $5.73 dividend. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is 54.78%.

Institutional Investors Weigh In On BlackRock

Large investors have recently added to or reduced their stakes in the business. Breakwater Capital Group increased its position in shares of BlackRock by 3.8% during the 1st quarter. Breakwater Capital Group now owns 271 shares of the asset manager’s stock valued at $261,000 after purchasing an additional 10 shares during the last quarter. Stronghold Wealth Management L.L.C. lifted its stake in shares of BlackRock by 2.9% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 359 shares of the asset manager’s stock worth $345,000 after purchasing an additional 10 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of BlackRock by 1.8% in the 2nd quarter. Financial Management Professionals Inc. now owns 564 shares of the asset manager’s stock worth $542,000 after purchasing an additional 10 shares during the period. JNBA Financial Advisors boosted its holdings in shares of BlackRock by 1.4% in the second quarter. JNBA Financial Advisors now owns 706 shares of the asset manager’s stock worth $679,000 after buying an additional 10 shares during the last quarter. Finally, Hilton Head Capital Partners LLC boosted its holdings in shares of BlackRock by 1.3% in the first quarter. Hilton Head Capital Partners LLC now owns 849 shares of the asset manager’s stock worth $816,000 after buying an additional 11 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: TD Cowen raised its price target for BlackRock from $1,190 to $1,212 while maintaining a “hold” rating. The higher target suggests analysts see additional upside, although the unchanged rating limits the bullish signal. BlackRock Given New Price Target at TD Cowen
• Positive Sentiment: BlackRock’s client assets reportedly reached $15.3 trillion, reinforcing its scale and potential to generate fee revenue from market appreciation and new inflows. Coverage also highlighted the performance and appeal of its DGRO dividend-growth ETF, which could support continued ETF demand. BlackRock’s $15.3 Trillion Empire
• Positive Sentiment: BlackRock and Global Infrastructure Partners completed installation of the Douglas carbon-capture platform in Liverpool Bay. The project expands BlackRock’s infrastructure exposure and supports its long-term energy-transition investment strategy, though the immediate financial impact is likely limited. Liverpool Bay Carbon Capture Platform Installation
• Neutral Sentiment: BlackRock’s investment research unit upgraded short-term U.S. Treasuries to overweight after the rise in bond yields, while ending its U.S. stock overweight. The move may benefit fixed-income products but also signals a more cautious view of equities and the broader market. BlackRock Turns Bullish on Short-Term Bonds
• Negative Sentiment: Investors remain concerned about BlackRock’s private-credit business and whether future assets under management growth can offset risks in that market. Those worries have kept the stock below its recent high and may limit gains. BlackRock Stock Faces a Test

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.