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BlackRock Inc. (NYSE: BLK) stock closed at $971.82 on June 13, 2025, showing a slight after-hours increase to $974.50.

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BlackRock, Inc. (BLK)

The world’s largest asset manager has set an ambitious target to grow its revenue to over $35 billion by 2030, up from the $20 billion reported in 2024. The company also aims to double its market capitalization to $280 billion, with private markets expected to play a central role in this expansion.

Focus on Private Markets and Technology

During its investor day, BlackRock outlined plans to significantly boost its exposure to private markets and technology. It targets generating 30% or more of total revenue from these areas by 2030, compared to 15% in 2024.

Recent acquisitions supporting this strategy include Global Infrastructure Partners and HPS Investment Partners for $25 billion, and UK data provider Preqin for $3.2 billion, which closed in March 2025. These moves are designed to diversify revenue streams away from exchange-traded funds (ETFs) and into higher-fee private assets.

Leadership Transition Concerns

Investors are closely watching potential leadership changes as CEO Larry Fink, aged 72, has led BlackRock since its founding in 1988. While Fink has not indicated plans to retire, recent senior executive departures have sparked speculation about succession. Analysts suggest the firm could benefit by clarifying the strength and readiness of its management team given its evolving business model.

Dividend and Financial Metrics

BlackRock announced a quarterly dividend of $5.21 per share, payable on June 23, 2025, reflecting a forward annualized yield of 2.14%. The company has a solid financial foundation with a P/E ratio of 23.12 and a debt-to-equity ratio of 0.45. Its strong liquidity is indicated by a current and quick ratio of 5.23.

For the first quarter, BlackRock exceeded earnings expectations with $11.30 EPS, topping consensus estimates of $10.84. Revenue rose 11.6% year-over-year to $5.28 billion.

Investment Activity and Analyst Ratings

Everhart Financial Group Inc. increased its holdings in BlackRock by 329.4%, while other institutional investors also raised their stakes. Corporate insiders recently reduced holdings by 2.94%.

Analysts maintain a “Moderate Buy” rating, with an average price target of $1,082.46. Wells Fargo and Citigroup remain bullish, projecting upside potential, while JPMorgan and TD Cowen have lowered their targets slightly.

International Holdings and Market Performance

BlackRock disclosed a 2.49% stake in Dalata Hotel Group plc, Ireland’s top hotel operator. Despite a -4.18% YTD return, BlackRock’s one-year return is 29.01%, outperforming the S&P 500’s 10%. Over five years, BLK shares have risen 108.2%, surpassing the S&P 500’s 96.53%.

BlackRock’s next earnings report is scheduled between July 14, 2025, and July 29, 2025, which could provide further insights into its private markets expansion strategy.

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