|Over a week ago|
BlackRock CEO sells $30M in common stock » 18:4911/2311/23/22
In a regulatory filing,…
In a regulatory filing, BlackRock disclosed that its CEO Laurence Fink sold 41K shares of common stock on November 22nd in a total transaction size of $30M.
BlackRock price target raised to $846 from $642 at Deutsche Bank » 07:3211/1511/15/22
Deutsche Bank analyst…
Deutsche Bank analyst Brian Bedell raised the firm's price target on BlackRock to $846 from $642 and keeps a Buy rating on the shares. The analyst revised estimates and price targets midway through Q4 for the brokers, asset managers and exchanges. The sector has a "mostly upward bias" given the strong equity market rebound in Q4 so far, Bedell tells investors in a research note. In terms of positioning into year-end, the analyst continues to view the alternative managers as still best positioned for upside, especially longer-term, despite the recent strong rebound in the stocks.
BlackRock CEO sells $10M in common stock » 19:0911/1011/10/22
In a regulatory filing,…
In a regulatory filing, BlackRock disclosed that its CEO Laurence Fink sold 14.6K shares of common stock on November 8th in a total transaction size of $10M.
|Over a month ago|
BlackRock initiated with a Neutral at Credit Suisse » 16:2610/1810/18/22
Credit Suisse analyst…
Credit Suisse analyst Bill Katz initiated coverage of BlackRock with a Neutral rating and $540 price target. He views BlackRock as "seemingly best positioned among the Traditional Managers into faster growth segments," but also believes consensus adjusted EPS expectations for FY23-FY24 are high and calls the stock's valuation "full." Given macro and flow risk, he sees tactical pressure to achieve aspirational "core" revenue growth targets, Katz added.
BlackRock price target lowered to $481 from $495 at BMO Capital » 09:0310/1410/14/22
BMO Capital analyst James…
BMO Capital analyst James Fotheringham lowered the firm's price target on BlackRock to $481 from $495 and keeps a Market Perform rating on the shares. The company reported a "gains-driven" Q3 earnings beat, though he is reducing his FY23 EPS view to $33.56 from $34.49 due to lower expected revenues, the analyst tells investors in a research note. Fotheringham adds that while BlackRock should remain a "share-gainer", the stock's valuation multiple is "full".
BlackRock price target lowered to $666 from $716 at JPMorgan » 07:5710/1410/14/22
JPMorgan analyst Kenneth…
JPMorgan analyst Kenneth Worthington lowered the firm's price target on BlackRock to $666 from $716 and keeps an Overweight rating on the shares. The company reported a "mixed" Q3 as challenging market conditions persist, Worthington tells investors in a research note.
BlackRock price target lowered to $642 from $648 at Deutsche Bank » 07:4110/1410/14/22
Deutsche Bank analyst…
Deutsche Bank analyst Brian Bedell lowered the firm's price target on BlackRock to $642 from $648 and keeps a Buy rating on the shares. The company reported light Q3 flows but its organic growth is "poised to rebound" in Q4 and 2023, Bedell tells investors in a research note.
BlackRock reports Q3 long-term net flows of $65B » 06:3810/1310/13/22
$65B of quarterly…
$65B of quarterly long-term net inflows driven by continued momentum in strategic ETFs and significant outsourcing mandates, with total net inflows of $17B reflecting outflows from cash management and advisory AUM.
BlackRock CEO says continuing to evolve organization » 06:3610/1310/13/22
"We built BlackRock…
"We built BlackRock to meet our clients' needs across all market environments. The diversity of our solutions provides clients with more choice to address their unique priorities across products, styles and exposures, The power of our diversified platform is most evident in times of uncertainty, and clients are turning to us more than ever for our comprehensive and integrated solutions. Our wide range of investment offerings, leading technology platform, whole portfolio approach and global insights are resonating deeply as clients seek partners to help them build stronger, more resilient portfolios that meet their long-term investment goals. BlackRock generated industry-leading long-term net inflows of $248B in the first nine months of 2022, including $65B in the third quarter. We once again saw strong growth in bond ETFs, with $37B of net inflows. Active strategies reflected momentum from significant outsourcing mandates and continued demand for alternatives, where we raised $6B across commitments and net inflows. We had record Aladdin client mandates in the first nine months of 2022, with over half coming from multi-product solutions. We continue to evolve our organization, think comprehensively about our clients' portfolios and innovate ahead of their needs, all of which is deepening connectivity across our platforms. We are uniquely positioned to serve our clients' needs with integrated investment management, technology and advisory expertise. And we are relentlessly committed to bringing together the best of BlackRock in order to deliver better outcomes that will benefit our clients, employees and shareholders," said CEO Laurence Fin.
BlackRock reports Q3 AUM $7.96T, down 16% y/y 06:2410/1310/13/22