On Thursday, Keefe, Bruyette & Woods (KBW) adjusted its price target on BlackRock Inc. (NYSE: NYSE:BLK) shares, increasing it to $1,180 from $1,160, while reiterating an Outperform rating. The revision follows BlackRock's release of its adjusted operating earnings per share (EPS) of $11.93, which surpassed both KBW's projection of $11.13 and the consensus estimate of $11.18.
KBW's analyst highlighted BlackRock's ongoing transformation story and maintained a positive outlook on the company's growth initiatives as it heads into 2025. The firm's financial results and strategic direction have led to the decision to slightly tweak estimates while reaffirming the Outperform rating. BlackRock's diversified inflows and exceptional quarterly and annual performance have positioned the company favorably in the eyes of analysts and investors alike.
The company maintains strong fundamentals with a healthy 2% dividend yield and robust financial metrics, as detailed in InvestingPro's comprehensive research report, available along with detailed analysis of 1,400+ top US stocks. The company maintains strong fundamentals with a healthy 2% dividend yield and robust financial metrics, as detailed in InvestingPro's comprehensive research report, available along with detailed analysis of 1,400+ top US stocks.
KBW's analyst highlighted BlackRock's ongoing transformation story and maintained a positive outlook on the company's growth initiatives as it heads into 2025. The firm's financial results and strategic direction have led to the decision to slightly tweak estimates while reaffirming the Outperform rating.
BlackRock's diversified inflows and exceptional quarterly and annual performance have positioned the company favorably in the eyes of analysts and investors alike. The company maintains strong fundamentals with a healthy 2% dividend yield and robust financial metrics, as detailed in InvestingPro's comprehensive research report, available along with detailed analysis of 1,400+ top US stocks.
KBW's analyst highlighted BlackRock's ongoing transformation story and maintained a positive outlook on the company's growth initiatives as it heads into 2025. The firm's financial results and strategic direction have led to the decision to slightly tweak estimates while reaffirming the Outperform rating. BlackRock's diversified inflows and exceptional quarterly and annual performance have positioned the company favorably in the eyes of analysts and investors alike.
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