BlackRock (NYSE:BLK) Shares Unloaded Rep. Julie Johnson

Key Points

• Representative Julie Johnson sold shares of BlackRock between $1,001 and $15,000 on August 11th, as disclosed in a filing on September 11th.
• BlackRock's stock recently opened at $1,124.34, with a 52-week range of $773.74 to $1,171.89, and a market cap of $174.10 billion.
• The company announced a quarterly dividend of $5.21 per share, with a dividend yield of 1.9% and a payout ratio of 50.39%.

Representative Julie Johnson (D-Texas) recently sold shares of BlackRock NYSE: BLK. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on August 11th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

BlackRock Trading Down 0.9%

Shares of BLK stock opened at $1,124.34 on Monday. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,171.89. The stock has a market cap of $174.10 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 2.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04. The firm has a fifty day moving average of $1,115.88 and a 200-day moving average of $1,007.82.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The company had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the prior year, the company posted $10.36 EPS. The business's revenue was up 12.9% on a year-over-year basis. On average, equities research analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be paid a $5.21 dividend. The ex-dividend date is Friday, September 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.9%. BlackRock's dividend payout ratio is currently 50.39%.

Insiders Place Their Bets

In other BlackRock news, Director Rachel Lord sold 18,036 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total transaction of $20,301,321.60. Following the transaction, the director directly owned 19,205 shares in the company, valued at approximately $21,617,148. This represents a 48.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurence Fink sold 14,828 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $1,122.28, for a total value of $16,641,167.84. Following the transaction, the chief executive officer owned 263,751 shares in the company, valued at $296,002,472.28. The trade was a 5.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 over the last 90 days. 1.98% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BlackRock

Several hedge funds have recently bought and sold shares of the company. Welch Group LLC increased its holdings in BlackRock by 1.2% in the 2nd quarter. Welch Group LLC now owns 760 shares of the asset manager's stock valued at $797,000 after buying an additional 9 shares during the period. Stanley Laman Group Ltd. increased its stake in shares of BlackRock by 2.7% in the second quarter. Stanley Laman Group Ltd. now owns 340 shares of the asset manager's stock valued at $357,000 after buying an additional 9 shares during the period. CNB Bank boosted its holdings in BlackRock by 9.6% in the second quarter. CNB Bank now owns 103 shares of the asset manager's stock valued at $108,000 after acquiring an additional 9 shares during the last quarter. Magellan Asset Management Ltd increased its position in BlackRock by 14.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 72 shares of the asset manager's stock valued at $76,000 after purchasing an additional 9 shares during the period. Finally, FAS Wealth Partners Inc. increased its position in BlackRock by 1.1% during the 2nd quarter. FAS Wealth Partners Inc. now owns 817 shares of the asset manager's stock valued at $857,000 after purchasing an additional 9 shares during the period. 80.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BLK shares. Bank of America increased their target price on shares of BlackRock from $1,214.00 to $1,224.00 and gave the stock a "buy" rating in a research report 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. Evercore ISI increased their price target on shares of BlackRock from $1,170.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Jefferies Financial Group raised their target price on shares of BlackRock from $959.00 to $1,210.00 in a report on Thursday, July 10th. Finally, Zacks Research downgraded shares of BlackRock from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,154.07.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.

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