FY2025 EPS Estimates for BlackRock Cut by Zacks Research

BlackRock, Inc. (NYSE:BLK - Free Report) - Investment analysts at Zacks Research reduced their FY2025 EPS estimates for shares of BlackRock in a note issued to investors on Thursday, March 20th. Zacks Research analyst R. Department now anticipates that the asset manager will earn $46.50 per share for the year, down from their prior estimate of $46.57. 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 $12.36 EPS, Q2 2026 earnings at $13.02 EPS and FY2027 earnings at $63.74 EPS.

BLK has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on BlackRock from $914.00 to $971.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. StockNews.com began coverage on shares of BlackRock in a research report on Friday, March 21st. They issued a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. UBS Group raised their target price on BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Finally, Citigroup increased their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,120.67.

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BlackRock Trading Up 0.0 %

NYSE BLK traded up $0.22 on Monday, reaching $968.46. The company had a trading volume of 479,098 shares, compared to its average volume of 628,811. The firm has a market cap of $150.36 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.90 and a beta of 1.28. The business has a 50 day moving average of $980.33 and a two-hundred day moving average of $990.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating the consensus estimate of $11.52 by $0.41. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the business earned $9.66 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Fire Capital Management LLC bought a new position in shares of BlackRock in the fourth quarter worth $1,016,000. Chancellor Financial Group WB LP purchased a new position in BlackRock during the 4th quarter valued at about $325,000. Objective Capital Management LLC bought a new stake in shares of BlackRock during the fourth quarter valued at about $377,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BlackRock by 4.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,309 shares of the asset manager's stock worth $34,145,000 after buying an additional 1,364 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of BlackRock by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 25,562 shares of the asset manager's stock valued at $26,204,000 after acquiring an additional 82 shares during the period. 80.69% of the stock is owned by institutional investors.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 20,430 shares of company stock valued at $21,234,629. Company insiders own 0.90% of the company's stock.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $5.21 dividend. This is an increase from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.15%. BlackRock's dividend payout ratio is presently 49.62%.

BlackRock Company Profile

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.