BlackRock Asset Management Canada Announces Estimated Annual Reinvested Capital Gains for iShares ETFs

Core Insights - BlackRock Canada has announced estimated annual reinvested capital gains distributions for its iShares ETFs for the 2025 tax year, with final amounts to be disclosed on December 29, 2025 [1][6] - Morgan Stanley has maintained an "Overweight" rating for BlackRock (BLK) and raised its price target from $1,486 to $1,514, indicating a potential increase of approximately 40.02% from the current stock price of $1,068.14 [4][6] Distribution Details - The reinvested capital gains distributions are non-cash and typically reinvested in additional units of the respective funds at year-end [1] - The record date for these distributions is set for December 30, 2025, with payments scheduled for January 5, 2026 [2][6] - Actual taxable amounts of reinvested and cash distributions will be reported to brokers in early 2026 [2] Financial Metrics - BlackRock has a price-to-earnings (P/E) ratio of approximately 27.64, indicating the price investors are willing to pay for each dollar of earnings [5] - The price-to-sales ratio stands at about 7.37, reflecting the market's valuation of its revenue [5] - The enterprise value to sales ratio is around 7.03, suggesting how the market values the company's total worth relative to its sales [5]