Representative Greg Landsman (D-Ohio) recently sold shares of BlackRock, Inc. NYSE: BLK. In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on March 27th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.
Representative Greg Landsman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Simon Property Group NYSE: SPG on 3/27/2025.
- Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Visa NYSE: V on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Cencora NYSE: COR on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 3/27/2025.
BlackRock Stock Performance
NYSE:BLK traded up $20.61 during mid-day trading on Friday, hitting $879.39. 962,420 shares of the company's stock traded hands, compared to its average volume of 684,228. The firm has a market capitalization of $136.53 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The firm has a 50 day moving average of $942.05 and a two-hundred day moving average of $988.26. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22.
BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. BlackRock's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $9.81 earnings per share. On average, equities analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.
BlackRock Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 2.37%. This is a boost from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date was Friday, March 7th. BlackRock's dividend payout ratio is 49.62%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in BlackRock by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 13,376,606 shares of the asset manager's stock worth $13,712,493,000 after purchasing an additional 68,405 shares during the period. Capital World Investors raised its stake in shares of BlackRock by 2.3% during the fourth quarter. Capital World Investors now owns 4,097,524 shares of the asset manager's stock worth $4,200,450,000 after buying an additional 93,844 shares during the last quarter. GAMMA Investing LLC lifted its holdings in BlackRock by 104,598.9% in the first quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager's stock valued at $3,312,759,000 after buying an additional 3,496,740 shares during the period. Geode Capital Management LLC boosted its stake in BlackRock by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager's stock valued at $3,072,787,000 after acquiring an additional 190,188 shares during the last quarter. Finally, FMR LLC grew its holdings in BlackRock by 1.1% during the 4th quarter. FMR LLC now owns 2,390,450 shares of the asset manager's stock worth $2,450,475,000 after acquiring an additional 26,485 shares during the period. 80.69% of the stock is currently owned by institutional investors.
Insider Buying and Selling at BlackRock
In related news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at $69,117,330. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 20,430 shares of company stock worth $21,234,629. Insiders own 0.90% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on BLK shares. Bank of America dropped their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Barclays dropped their price objective on BlackRock from $1,210.00 to $950.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Citigroup boosted their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BlackRock from $1,053.00 to $1,046.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, BlackRock currently has a consensus rating of "Moderate Buy" and an average price target of $1,096.92.
Get Our Latest Stock Analysis on BlackRock
About Representative Landsman
Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2026 election.
Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.
About BlackRock
(
Get Free Report)
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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