Rep. Dan Newhouse Sells Off Shares of BlackRock (NYSE:BLK)

Key Points

• Representative Dan Newhouse sold shares of BlackRock (NYSE:BLK) valued between $1,001 and $15,000 in August, as disclosed in a filing on September 17th.
• BlackRock reported $12.05 earnings per share for the last quarter, exceeding the consensus estimate, with quarterly revenue increasing by 12.9% compared to the previous year.
• The firm recently announced a quarterly dividend of $5.21 per share, representing an annualized dividend yield of 1.8%.

Representative Dan Newhouse (R-Washington) recently sold shares of BlackRock NYSE: BLK. In a filing disclosed on September 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on August 18th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of RTX NYSE: RTX on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of General Mills NYSE: GIS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Ross Stores NASDAQ: ROST on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Brown & Brown NYSE: BRO on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of AMETEK NYSE: AME on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 8/18/2025.

BlackRock Price Performance

Shares of BLK opened at $1,173.98 on Tuesday. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,182.14. The company has a market capitalization of $181.79 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 2.21 and a beta of 1.45. The firm has a 50-day simple moving average of $1,126.36 and a 200-day simple moving average of $1,023.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.04 and a current ratio of 4.04.

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

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th were paid a dividend of $5.21 per share. The ex-dividend date was Friday, September 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.8%. BlackRock's dividend payout ratio is 50.39%.

Analysts Set New Price Targets

A number of brokerages recently commented on BLK. Morgan Stanley reduced their price objective on shares of BlackRock from $1,247.00 to $1,224.00 and set an "overweight" rating for the company in a research report on Wednesday, July 16th. Zacks Research downgraded shares of BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Jefferies Financial Group raised their price objective on shares of BlackRock from $959.00 to $1,210.00 in a research report on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of BlackRock from $1,018.00 to $1,093.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company reduced their price objective on shares of BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating for the company in a research report on Wednesday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,171.93.

Institutional Trading of BlackRock

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC purchased a new stake in BlackRock in the 2nd quarter worth approximately $239,000. Caldwell Trust Co purchased a new stake in BlackRock in the 2nd quarter worth approximately $12,653,000. Watts Gwilliam & Co. LLC boosted its holdings in shares of BlackRock by 8.2% in the 2nd quarter. Watts Gwilliam & Co. LLC now owns 435 shares of the asset manager's stock valued at $495,000 after purchasing an additional 33 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of BlackRock by 0.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,492 shares of the asset manager's stock valued at $3,664,000 after purchasing an additional 15 shares during the last quarter. Finally, NWF Advisory Services Inc. boosted its holdings in shares of BlackRock by 10.3% in the 2nd quarter. NWF Advisory Services Inc. now owns 814 shares of the asset manager's stock valued at $854,000 after purchasing an additional 76 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BlackRock

In other BlackRock news, Director Fabrizio Freda sold 4,434 shares of BlackRock stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the transaction, the director owned 3,506 shares in the company, valued at $3,936,571.86. This trade represents a 55.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Fink sold 14,828 shares of BlackRock stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.28, for a total transaction of $16,641,167.84. Following the completion of the transaction, the chief executive officer owned 263,751 shares in the company, valued at approximately $296,002,472.28. This trade represents a 5.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,494 shares of company stock worth $74,694,573 in the last 90 days. Company insiders own 1.98% of the company's stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

BlackRock Company Profile

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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