Bank of America Increases BlackRock (NYSE:BLK) Price Target to $1,320.00

BlackRock (NYSE:BLK) had its price target increased by investment analysts at Bank of America from $1,298.00 to $1,320.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the asset manager’s stock. Bank of America‘s target price would suggest a potential upside of 20.67% from the stock’s previous close.

Several other research analysts have also recently weighed in on BLK. Barclays set a $1,450.00 target price on BlackRock and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Evercore reissued an “outperform” rating and set a $1,145.00 price target on shares of BlackRock in a research report on Friday, July 10th. Jefferies Financial Group cut their price objective on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Morgan Stanley decreased their price objective on BlackRock from $1,430.00 to $1,383.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,290.00.

BlackRock Trading Up 6.7%

Shares of BLK stock opened at $1,093.92 on Thursday. The stock’s fifty day moving average is $1,033.59 and its two-hundred day moving average is $1,042.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The firm has a market capitalization of $169.55 billion, a P/E ratio of 27.46, a PEG ratio of 1.23 and a beta of 1.43. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.69 by $1.22. The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.74%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $12.05 EPS. Research analysts expect that BlackRock will post 54.16 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the transaction, the president owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of BlackRock stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the completion of the transaction, the chief executive officer directly owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackRock

Several large investors have recently added to or reduced their stakes in the business. RMG Wealth Management LLC purchased a new position in BlackRock in the 1st quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new position in shares of BlackRock in the fourth quarter worth $26,000. Birchbrook Inc. purchased a new stake in shares of BlackRock during the fourth quarter worth $31,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of BlackRock in the fourth quarter valued at $32,000. Finally, Basepoint Wealth LLC purchased a new position in BlackRock in the fourth quarter valued at $32,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock beat Q2 expectations on both earnings and revenue, with adjusted EPS of $13.91 and revenue of $7.08 billion, supporting investor confidence in the company’s operating momentum. BlackRock Reports Second Quarter 2026 Earnings
• Positive Sentiment: Assets under management reached a record $15.3 trillion, while second-quarter net inflows of $192 billion highlighted continued demand for BlackRock’s funds and ETFs. BlackRock Shares Rally After Assets Soar Past $15 Trillion
• Positive Sentiment: Management signaled confidence by increasing quarterly share repurchases to $550 million, which investors often view as a sign of healthy cash generation and capital discipline. BlackRock profits jump as assets under management hit a record 15 trillion
• Neutral Sentiment: BlackRock’s CEO Larry Fink also made bullish comments on Bitcoin and tokenization, reinforcing the firm’s push into digital assets and blockchain-based financial products, though this is more of a long-term strategic theme than an immediate stock driver. Larry Fink Says Bitcoin Has ‘More Stability’ at Current Levels
• Neutral Sentiment: There was also attention on BlackRock’s crypto-related holdings and ETF flows, but the mixed headlines around digital assets are less important than the company’s main earnings and AUM beat. BlackRock’s Crypto Funds Drop 39% as Lower Crypto Prices Hurt Holdings

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.