BlackRock: BlackRock (NYSE:BLK) Stock Price Expected to Rise, Barclays Analyst Says

BlackRock ( NYSE:BLK - Get Free Report ) had its price target lifted by stock analysts at Barclays from $950.00 to $990.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the asset manager's stock. Barclays 's price target suggests a potential upside of 11.33% from the company's current price. A number of other brokerages also recently commented on BLK. Keefe, Bruyette & Woods cut their price objective on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Citigroup increased their price target on BlackRock from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. cut their price objective on BlackRock from $1,053.00 to $1,046.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. TD Cowen decreased their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and an average target price of $1,077.08. Read Our Latest Research Report on BlackRock BlackRock Trading Down 0.1 % BlackRock ( NYSE:BLK - Get Free Report ) last posted its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the firm posted $9.81 EPS. The business's revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year. Insider Activity at BlackRock In other news, Director J. Richard Kushel sold 10,000 shares of the business's 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 transaction, the director now owns 68,433 shares in the company, valued at approximately $73,403,973.12. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Insiders sold a total of 20,430 shares of company stock worth $21,234,629 in the last ninety days. 0.90% of the stock is currently owned by insiders. Institutional Investors Weigh In On BlackRock A number of institutional investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of BlackRock during the 3rd quarter worth approximately $518,000. Amalgamated Bank increased its holdings in BlackRock by 1.7% in the 4th quarter. Amalgamated Bank now owns 28,711 shares of the asset manager's stock valued at $29,432,000 after buying an additional 489 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of BlackRock by 4.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager's stock valued at $12,793,000 after buying an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BlackRock by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager's stock worth $67,038,000 after acquiring an additional 4,210 shares during the period. Finally, Artemis Investment Management LLP boosted its position in shares of BlackRock by 48.2% during the 4th quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager's stock valued at $40,532,000 after acquiring an additional 12,864 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds. BlackRock Company Profile ( Get Free Report ) 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. Recommended Stories Five stocks we like better than BlackRock Top Biotech Stocks: Exploring Innovation Opportunities Beware of BigBear.ai: Insiders Are Selling-Should You? 3 Must-Buy Warren Buffett Stocks for Volatile Times CrowdStrike Stock is a Buy as Cyberthreat Environment Expands What Does a Stock Split Mean? Congress! Who Traded What During the Tariff-Induced Meltdown Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter .