BlackRock (NYSE:BLK) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of BlackRock NYSE: BLK. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in BlackRock stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

BlackRock Stock Performance

BLK traded down $5.28 during trading on Monday, reaching $1,118.00. 83,823 shares of the company's stock were exchanged, compared to its average volume of 791,185. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,130.66. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $1,027.64 and a 200 day moving average price of $976.67. The company has a market capitalization of $173.21 billion, a P/E ratio of 27.05, a PEG ratio of 2.27 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.83%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company earned $10.36 earnings per share. The business's revenue was up 12.9% compared to the same quarter last year. As a group, analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a dividend of $5.21 per share. The ex-dividend date is Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.86%. BlackRock's dividend payout ratio is currently 50.39%.

Insiders Place Their Bets

In other BlackRock news, CEO Laurence Fink sold 12,054 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.43, for a total transaction of $13,565,933.22. Following the completion of the sale, the chief executive officer directly owned 251,697 shares of the company's stock, valued at approximately $283,267,354.71. The trade was a 4.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rachel Lord sold 18,036 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director directly owned 19,205 shares of the company's stock, valued at approximately $21,617,148. This trade represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,352 shares of company stock valued at $55,486,962. 1.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BLK has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of BlackRock from $1,214.00 to $1,224.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $1,018.00 to $1,093.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reduced their target price on shares of BlackRock from $1,247.00 to $1,224.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 16th. Citigroup reduced their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Argus restated a "buy" rating on shares of BlackRock in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,151.21.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLK. Boston Trust Walden Corp raised its holdings in BlackRock by 29.3% during the 2nd quarter. Boston Trust Walden Corp now owns 38,632 shares of the asset manager's stock worth $40,535,000 after purchasing an additional 8,744 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in BlackRock by 430.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 53 shares of the asset manager's stock worth $56,000 after purchasing an additional 43 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in BlackRock by 1.3% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 7,937 shares of the asset manager's stock worth $8,328,000 after purchasing an additional 99 shares during the last quarter. Morningstar Investment Management LLC bought a new stake in BlackRock during the 2nd quarter worth about $1,749,000. Finally, RFG Advisory LLC raised its holdings in BlackRock by 5.5% during the 2nd quarter. RFG Advisory LLC now owns 1,248 shares of the asset manager's stock worth $1,310,000 after purchasing an additional 65 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.