BlackRock (NYSE:BLK) Price Target Lowered to $1,140.00 at Evercore

Posted by Brenda Bartman on Jun 8th, 2026

BlackRock (NYSE:BLK – Get Free Report) had its target price dropped by Evercore from $1,220.00 to $1,140.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the asset manager’s stock. Evercore’s price objective suggests a potential upside of 13.97% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price objective on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. TD Cowen reduced their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings raised shares of BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price objective on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Barclays upped their target price on BlackRock from $1,290.00 to $1,310.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,264.61.

Read Our Latest Stock Report on BLK

BlackRock Trading Up 0.5%

Shares of BlackRock stock opened at $1,000.22 on Monday. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The business has a 50 day moving average price of $1,033.61 and a 200 day moving average price of $1,051.55. The company has a market capitalization of $155.26 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.30 and a beta of 1.42.

BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $9.64 earnings per share. BlackRock’s revenue was up 27.0% compared to the same quarter last year. Sell-side analysts anticipate that BlackRock will post 52.8 EPS for the current fiscal year.

Insider Transactions at BlackRock

In other BlackRock news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackRock

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its position in shares of BlackRock by 0.8% in the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after buying an additional 7,457 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in BlackRock by 6,347.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager’s stock worth $49,239,000 after purchasing an additional 41,579 shares during the last quarter. Sienna Gestion boosted its position in BlackRock by 51.5% during the third quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock worth $24,299,000 after purchasing an additional 7,773 shares during the period. Sarasin & Partners LLP boosted its holdings in shares of BlackRock by 10.6% during the 4th quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock worth $269,572,000 after buying an additional 24,196 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in BlackRock by 8.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 360,995 shares of the asset manager’s stock valued at $420,873,000 after buying an additional 29,449 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

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.