BlackRock (NYSE:BLK) Price Target Raised to $1,340.00 at Barclays

Posted by ABMN Staff on Jul 10th, 2026

BlackRock (NYSE:BLK – Free Report) had its price objective hoisted by Barclays from $1,310.00 to $1,340.00 in a report released on Thursday morning, MarketBeat reports. Barclays currently has an overweight rating on the asset manager’s stock.

Several other analysts have also recently commented on BLK. Evercore decreased their target price on BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. JPMorgan Chase & Co. lowered their target price on shares of BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. TD Cowen decreased their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Weiss Ratings upgraded shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, BNP Paribas Exane lifted their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,271.11.

View Our Latest Report on BlackRock

BlackRock Trading Up 2.8%

Shares of NYSE:BLK opened at $1,017.67 on Thursday. 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 stock has a market capitalization of $157.97 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.27 and a beta of 1.43. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a 50 day moving average price of $1,034.44 and a 200 day moving average price of $1,044.09.

BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm earned $9.64 EPS. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, research analysts anticipate that BlackRock will post 53.45 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were given a dividend of $5.73 per share. The ex-dividend date was Friday, June 5th. This represents a $22.92 annualized dividend and a dividend yield of 2.3%. BlackRock’s dividend payout ratio (DPR) is currently 57.53%.

Insider Transactions at BlackRock

In other BlackRock news, CEO Laurence Fink sold 33,900 shares of the 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 sale, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Robert Kapito sold 8,739 shares of BlackRock stock in a transaction that occurred on 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 directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.92% of the company’s stock.

Institutional Trading of BlackRock

Institutional investors and hedge funds have recently bought and sold shares of the company. RMG Wealth Management LLC purchased a new stake in BlackRock during the first quarter worth $25,000. Evolution Wealth Management Inc. bought a new position in BlackRock in the fourth quarter worth about $26,000. Birchbrook Inc. purchased a new stake in shares of BlackRock during the 4th quarter valued at $31,000. LFA Lugano Financial Advisors SA purchased a new position in BlackRock during the 4th quarter worth $32,000. Finally, Basepoint Wealth LLC acquired a new position in BlackRock during the 4th quarter valued at about $32,000. 80.69% of the stock is currently owned by institutional investors.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: UBS and Barclays both sounded constructive on BlackRock ahead of earnings, with UBS reiterating a Buy rating and saying strong ETF demand should support results, while Barclays raised its price target to $1,340 and kept an Overweight rating. BlackRock is getting ready to report, and UBS likes what it sees
Positive Sentiment: BlackRock’s new cheaper Nasdaq-100 ETF adds to its push in a competitive and high-growth ETF category, reinforcing the firm’s leadership in index products. QQQ, Meet IQQ. BlackRock Is Launching a Cheaper Nasdaq-100 ETF.
Positive Sentiment: BlackRock’s BUIDL tokenized treasury fund crossed the $500 million mark, highlighting continued momentum in digital-asset-linked cash management products. BlackRock BUIDL Passing $500 Million Shows Tokenized Treasuries Still Have Momentum

BlackRock Company Profile

(Get Free Report)

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.