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BlackRock: Strategic Initiatives amid Slowing Alpha Returns

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Part 8
BlackRock: Strategic Initiatives amid Slowing Alpha Returns PART 8 OF 10

BlackRock’s Analyst Ratings: Stable on Broad Market Sluggishness

Analyst ratings for BlackRock

So far in August 2017, ten of the 14 analysts covering BlackRock (BLK) have given ratings of “strong buy” or “buy” on the stock. Four analysts have rated it a “hold.” The stock’s mean price target has fallen marginally to $462.9 per share, implying a 7.7% rise from its current level.

The company’s ratings have remained stable over the past five months, mainly due to mixed signals from higher ETF flows and performances, offset by a decline in performance fees. The company could see revisions, depending on how the holdings and broad market perform over the next few months.

BlackRock&#8217;s Analyst Ratings: Stable on Broad Market Sluggishness

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Peer ratings are sluggish

Traditional asset managers are relying more on new inflows to augment their fees, as performance fees are dry due to subdued premium return generation from asset managers. Among BlackRock’s peers, six of 20 analysts have given State Street (STT) “buy” or “strong buy” ratings this month, reflecting the stock’s relatively weak upside potential. Another 13 analysts have rated the stock a “hold,” and one analyst has rated it “underperform.”

Three of 15 analysts have given T. Rowe Price Group (TROW) “buy” or “strong buy” ratings this month. Nine analysts have given it “hold” ratings, and three analysts have given it “underperform” ratings.

For Bank of New York Mellon (BK), eight of 20 analysts have recommended “buys” or “strong buys” in August 2017 while ten have recommended “holds.” Another two analysts have given it an “underperform” rating.

Together, BlackRock’s peers account for 9.0% of the Vanguard Financials ETF (VFH).

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