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NEW YORK (TheStreet) -- Shares of BlackRock  (BLK) - Get BlackRock, Inc. Report are down 0.92% to $368.01 in early market trading Monday, after the company had its rating lowered to "neutral" from "buy" at Citigroup this morning.

Analysts at Citigroup downgraded BlackRock, citing the stock's proximity to its unchanged price target of $385.

Citi reset its top selections in the North American brokers and asset managers space as it considers residual value, and looks ahead to incremental catalysts.

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Citigroup's top pick is Invesco (IVZ) - Get Invesco Ltd. Report, followed by AllianceBernstein (AB) - Get AllianceBernstein Holding L.P. Report and OM Asset Management (OMAM) , which it upgraded this morning to a "buy" rating from "neutral".

New York City-based BlackRock is an investment management firm that provides a range of investment and risks management services.

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The company's clients include retail, high net worth and institutional investors, consisting of pension funds, official institutions, endowments, insurance companies, corporations, financial institutions, central banks and sovereign wealth funds.

BlackRock's product range includes single and multi asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

The company offers the products directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, as well as other exchange-traded products.

Separately, TheStreet Ratings team rates BLACKROCK INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate BLACKROCK INC (BLK) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 12.8%. Since the same quarter one year prior, revenues slightly increased by 0.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • BLACKROCK INC' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, BLACKROCK INC increased its bottom line by earning $19.26 versus $16.88 in the prior year. This year, the market expects an improvement in earnings ($20.17 versus $19.26).
  • Compared to its closing price of one year ago, BLK's share price has jumped by 26.00%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • 41.09% is the gross profit margin for BLACKROCK INC which we consider to be strong. Regardless of BLK's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, BLK's net profit margin of 29.20% compares favorably to the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Capital Markets industry average. The net income has decreased by 3.3% when compared to the same quarter one year ago, dropping from $841.00 million to $813.00 million.
  • You can view the full analysis from the report here: BLK Ratings Report