- BlackRock (BLK, Financial) maintains a steady dividend of $5.21 per share, resulting in a 1.89% forward yield.
- Analysts project an average price target of $1,163.45 for BlackRock, indicating potential growth.
- Current GF Value suggests a possible downside of 12.78%, offering a nuanced investment perspective.
BlackRock's Dividend Update
BlackRock Inc. (NYSE: BLK) continues to deliver consistent returns to its shareholders, announcing a quarterly dividend of $5.21 per share. This steadfast payout upholds a forward yield of 1.89%, reinforcing the company's commitment to returning value to investors. The dividend will be disbursed on September 23, with both the record and ex-dividend dates set for September 5.
Wall Street Analysts' Insights
Analysts are optimistic about BlackRock's potential, with 14 experts setting an average one-year price target of $1,163.45. The projections range from a high of $1,252.00 to a low of $980.00, suggesting a potential upside of 4.40% from the current trading price of $1,114.47. For a deep dive into these projections, visit our BlackRock Inc (BLK, Financial) Forecast page.
Brokerage Recommendations
The consensus from 17 brokerage firms places BlackRock Inc. in the "Outperform" category, reflected in an average recommendation rating of 1.9. This rating, on a scale from 1 (Strong Buy) to 5 (Sell), indicates a positive outlook among analysts, suggesting that BlackRock remains a favorable investment choice within the financial sector.
Evaluating GF Value
According to GuruFocus estimates, the GF Value for BlackRock in the upcoming year is pegged at $972.02. This estimate forecasts a potential downside of 12.78% from its current price of $1114.47. The GF Value is a comprehensive measure derived from historical trading multiples, past business growth, and future performance projections. For further analysis, check the detailed data available on our BlackRock Inc (BLK, Financial) Summary page.
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