BlackRock (BLK) PT Raised to $1,118 at Goldman Sachs

BlackRock (BLK) PT Raised to $1,150 at Citi

October 14, 2024 6:58 AM EDT

Citi analyst Chris Allen raised the price target on BlackRock (NYSE: BLK) to $1,150.00 (from $1,075.00) while maintaining a Buy rating.

The analyst comments "K finished +3.6% following 3Q24 results on the back of strong net flows ($221B), 5% organic base fee growth, operating margin expansion (~350bps... More

BlackRock (BLK) PT Raised to $1,105 at Deutsche Bank

October 14, 2024 6:27 AM EDT

Deutsche Bank analyst Brian Bedell raised the price target on BlackRock (NYSE: BLK) to $1,105.00 (from $1,065.00) while maintaining a Buy rating.

The analyst comments "BLK generated 5% annualized organic base fee growth, the best quarter in 3 years. There is also notable momentum into 4Q with... More

BlackRock (BLK) PT Raised to $1,040 at Evercore ISI

October 14, 2024 5:50 AM EDT

Evercore ISI analyst Glenn Schorr raised the price target on BlackRock (NYSE: BLK) to $1,040.00 (from $995.00) while maintaining a Outperform rating.

The analyst comments "BLKs Done A Ton In Private Markets, Likely Not Done. On the last one, were bullish on how BLK got back on the front foot at it continues to evolve its... More

Evercore ISI Reiterates Outperform Rating on BlackRock (BLK)

October 11, 2024 7:15 AM EDT

Evercore ISI analyst Glenn Schorr reiterated an Outperform rating and $995.00 price target on BlackRock (NYSE: BLK).

The analyst commented: "BlackRock printed a strong 3Q24 beating our & consensus estimates thanks to 15% y/y revenue growth including much better performance fees (2x street estimates), 5% organic base fee growth and technology services ACV... More

BlackRock reports Q3 top and bottom line, AUM above market estimates; shares up

October 11, 2024 6:36 AM EDT

Investing.com -- BlackRock (NYSE: NYSE: BLK) reported financial results and total assets under management (AUM) above analyst expectations for the fiscal third quarter. The companys shares rose 1% in premarket trading Friday.

Specifically, the worlds biggest asset manager posted earnings per share (EPS) of... More

BlackRock's assets hit record $11.5 trillion amid private market push

October 11, 2024 6:06 AM EDT

By Arasu Kannagi Basil and Davide Barbuscia

(Reuters) - BlackRock's assets under management hit a record high for the third straight quarter as a U.S. stock market rally boosted inflows, while the world's largest asset manager continued a push to expand its footprint in private markets.

Assets managed by BlackRock shot to $11.48 trillion in the period, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter, the company said on Friday.

That growth came as stocks reversed an August sell-off and broadened their rally in the third quarter, boosted by renewed... More

BlackRock (BLK) Tops Q3 EPS by 122c

October 11, 2024 6:01 AM EDT

BlackRock (NYSE: BLK) reported Q3 EPS of $11.46, $1.22 better than the analyst estimate of $10.24. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.05 billion.

Assets under management $11.48 trillion, estimate $11.19 trillion.

For earnings history and earnings-related data on BlackRock (BLK) click here.

... More

BlackRock (BLK) call put ratio 2.2 calls to 1 put into quarter results

October 10, 2024 10:56 AM EDT

BlackRock (NYSE: BLK) October 11 weekly call option implied volatility is at 58, October is at 27; compared to its 52-week range of 16 to 29 into the expected release of quarter results before the bell on October 11. Call put ratio 2.2 calls to 1 put.

... More

BlackRock (BLK) PT Raised to $1,077 at TD Cowen

October 10, 2024 8:26 AM EDT

TD Cowen analyst Bill Katz raised the price target on BlackRock (NYSE: BLK) to $1,077.00 (from $960.00) while maintaining a Buy rating.

The analyst commented, "Ahead of BLK 3Q24 results, expected pre-market open on 10/11, we tweak our 3Q24, '24-25E adj EPS estimates;... More