Rep. Jefferson Shreve Purchases Shares of BlackRock, Inc. (NYSE:BLK)

Representative Jefferson Shreve (R-Indiana) recently bought shares of BlackRock, Inc. NYSE: BLK. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in BlackRock stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

BlackRock Price Performance

BLK stock traded down $5.16 during mid-day trading on Friday, reaching $923.48. The company's stock had a trading volume of 684,779 shares, compared to its average volume of 685,833. 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 fifty-two week low of $752.30 and a fifty-two week high of $1,084.22. The company's 50 day moving average is $913.01 and its two-hundred day moving average is $978.51. The stock has a market cap of $143.37 billion, a PE ratio of 21.99, a P/E/G ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the previous year, the business posted $9.81 earnings per share. The business's quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.

Hedge Funds Weigh In On BlackRock

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC increased its stake in BlackRock by 8.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock valued at $128,000 after purchasing an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in BlackRock by 0.8% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock worth $1,311,000 after acquiring an additional 10 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock valued at $377,000 after purchasing an additional 10 shares during the last quarter. Marino Stram & Associates LLC boosted its position in shares of BlackRock by 0.3% in the fourth quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock worth $3,496,000 after acquiring an additional 11 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its stake in shares of BlackRock by 9.5% during the 4th quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager's stock valued at $130,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the transaction, the director now owns 66,034 shares in the company, valued at $56,261,628.34. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 12,430 shares of company stock worth $11,237,249 in the last three months. 1.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BLK shares. Morgan Stanley reduced their target price on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods dropped their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Barclays boosted their price objective on shares of BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

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.

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