** BlackRock's BLK.N assets increased to a record high value in the first quarter, but the CEO of the world's largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability

** Average recommendation of 18 brokerages is "buy," median PT is $1065 - LSEG data

RESILIENT CLIENTS, AUM GROWTH IN FOCUS

** J.P.Morgan ("neutral," PT: $988) says despite the possibility of margin pressure due to macro uncertainty, BLK has been a well-managed organization from a cost and execution perspective

** Brokerage says, "We acknowledge that BlackRock clients seem to be holding more cash despite a seasonally low period for cash"

** Morningstar (fair value: $1100) sees BlackRock outperform its peers from an organic asset under management (AUM) growth perspective as its mix of passive products — index funds and ETFs — appeal to investors

** Morgan Stanley ("overweight," PT: $1111) says BlackRock is well positioned to help clients navigate the uncertainty and capture opportunities given deep relationships, breadth of capabilities, global footprint and strong track record and brand

** Citigroup ("buy," PT: $1100) says BlackRock is well-positioned in the present market environment citing scaled ETF and growing alternative platforms; says BLK has benefited from prior periods of volatility and emerged stronger

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))