Citi Reiterates Buy Rating on BlackRock (BLK)

BlackRock (BLK) PT Raised to $1,053 at JPMorgan

January 15, 2025 4:13 PM EST

JPMorgan analyst Kenneth B. Worthington raised the price target on BlackRock (NYSE: BLK) to $1,053.00 (from $971.00) while maintaining a Neutral rating.

The analyst comments "BlackRock reported 4Q24 adj. EPS of $11.93, well ahead of JPM and Bloomberg consensus estimates. Revenues beat with slightly better overall base fees and considerably better performance fees (equities/alternatives). However, the majority of the beat was tax rate-driven 20.9% actual vs. 25%E drove ~$0.55 of the better-than-expected EPS.... More

Jefferies Reiterates Buy Rating on BlackRock (BLK)

January 15, 2025 8:58 AM EST

Jefferies analyst Daniel Fannon reiterated a Buy rating and $1,175.00 price target on BlackRock (NYSE: BLK)

The analyst comments "BLK reported 4Q24 non-GAAP EPS of $11.93 (JEFe: $11.14, Cons: $11.26). On an adj op income basis, results were above expectations (+$149M), led by perf fees (+$71M vs est) and positive op leverage (+390bps of margin y/y). Excl active equities, flows were positive in all other categories. LT inflows equaled +$201B (vs +$159B est), led by equities ($127B vs $106B est). Organic base fee growth equaled +7% (vs +5% last qtr) and tech ACV growth increased to +12%.... More

Barclays Reiterates Overweight Rating on BlackRock (BLK)

January 15, 2025 8:56 AM EST

Barclays analyst Benjamin Budish reiterated an Overweight rating and $1,160.00 price target on BlackRock (NYSE: BLK)

The analyst comments "Adj. diluted EPS of $11.93 beat Street expectations of $11.46. Details below: AUM as of 12/31 was ~$11.6T and came in ~1% below Consensus and 2% below our model. Despite stronger net flows (more below), market performance and FX were offsetting headwinds. The miss was most pronounced in Fixed Income and Equity, while Alternatives AUM came in ~3%... More

Goldman Sachs Reiterates Buy Rating on BlackRock (BLK)

January 15, 2025 8:55 AM EST

Goldman Sachs analyst Alexander Blostein reiterated a Buy rating and $1,159.00 price target on BlackRock (NYSE: BLK)

The analyst comments "BLK reported 4Q24 adjusted EPS of $11.93, (+23% y/y) well above GSe at $10.80 and Visible Alpha Consensus Data $11.17. Operating income of $2.33bn was 5% higher than Consensus expectations as well, driven by strong top-line trends and better than expected follow-through to the bottom line. Total revenues of $5.67bn (+9% q/q) came in 2% ($99mn) above Consensus, driven mainly by a $94mn performance fees beat. Encouragingly, management fees of... More

BlackRock assets hit record $11.6 trillion in fourth quarter

January 15, 2025 6:22 AM EST

By Davide Barbuscia

NEW YORK (Reuters) -BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world's largest money manager said on Wednesday.

Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a year earlier and $11.48 trillion in the third quarter.

The growth was partly driven by a U.S. stock market rally after Donald Trump's presidential election victory in November prompted investors to bet on lower corporate taxes and deregulation.

BlackRock's quarterly results... More

BlackRock (BLK) Tops Q3 EPS by 47c; AUM misses

January 15, 2025 6:04 AM EST

BlackRock (NYSE: BLK) reported Q3 EPS of $11.93, $0.47 better than the analyst estimate of $11.46. Revenue for the quarter came in at $5.68 billion versus the consensus estimate of $5.59 billion.

Assets under management $11.55 trillion, +15% y/y, estimate $11.66 trillion

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

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BlackRock executive Mark Wiedman to leave firm, sources say

January 14, 2025 2:32 PM EST

(Reuters) - Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor to CEO Larry Fink, is departing the firm, said two sources familiar with the matter.

Wiedman will leave in the spring, said the sources, speaking on the condition of anonymity.

One of the sources said Wiedman is leaving to pursue other opportunities. The departure is friendly... More

BlackRock's (BLK) Wiedman, Potential Fink Successor, Is Leaving Firm - Bloomberg

January 14, 2025 2:02 PM EST

Blackrock's Wiedman, Potential Fink Successor, Is Leaving Firm - Bloomberg

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BlackRock (BLK) PT Lowered to $1,223 at TD Cowen, Reflecting Lowered EPS Estimates

January 14, 2025 11:28 AM EST

TD Cowen analyst Bill Katz lowered the price target on BlackRock (NYSE: BLK) to $1,223.00 (from $1,224.00) while maintaining a Buy rating.

The analyst commented: "We lower our 4Q24E and '26E adj. EPS. The revisions reflect reduced NAV given market... More

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

January 14, 2025 10:32 AM EST

BlackRock (NYSE: BLK) January call option implied volatility is at 47, February is at 26; compared to its 52-week range of 17 to 29 into the expected release of quarter results before the bell on January 15.

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BlackRock (BLK) PT Lowered to $1,160 at Keefe, Bruyette & Woods Ahead of Earnings Report

January 13, 2025 1:27 PM EST

Keefe, Bruyette & Woods analyst Aidan Hall lowered the price target on BlackRock (NYSE: BLK) to $1,160.00 (from $1,225.00) while maintaining an Outperform rating.

The analyst commented: "BLK (1/15) set to kick off earnings this Wednesday. BLK kicks off earnings for the asset managers and broader capital... More

BlackRock (BLK) option IV elevated into quarter results

January 13, 2025 10:35 AM EST

BlackRock (NYSE: BLK) January call option implied volatility is at 45, February is at 29; compared to its 52-week range of 17 to 29 into the expected release of quarter results before the bell on January 15.

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