Representative Josh Gottheimer (D-New Jersey) recently sold shares of BlackRock, Inc. NYSE: BLK. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on April 9th.
Representative Josh Gottheimer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
- Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
- Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
- Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
- Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
- Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.
BlackRock Price Performance
BLK stock traded down $5.76 during mid-day trading on Wednesday, reaching $991.96. The company's stock had a trading volume of 168,934 shares, compared to its average volume of 690,087. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company's 50 day moving average is $919.68 and its two-hundred day moving average is $978.24. BlackRock, Inc. has a fifty-two week low of $752.30 and a fifty-two week high of $1,084.22. The stock has a market cap of $153.68 billion, a PE ratio of 23.62, 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 EPS for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $9.81 earnings per share. Equities research analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.
BlackRock Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, June 5th. BlackRock's payout ratio is 50.63%.
Insider Activity
In other news, Director J. Richard Kushel sold 2,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 66,034 shares of the company's stock, valued at approximately $56,261,628.34. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 12,430 shares of company stock worth $11,237,249. 1.98% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Citigroup cut their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a report on Monday, April 7th. TD Cowen lowered their price objective on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price objective on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BlackRock has an average rating of "Moderate Buy" and an average price target of $1,077.08.
View Our Latest Analysis on BlackRock
Institutional Investors Weigh In On BlackRock
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in BlackRock by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager's stock worth $13,027,419,000 after acquiring an additional 387,466 shares in the last quarter. Capital World Investors lifted its position in shares of BlackRock by 2.3% during the 4th quarter. Capital World Investors now owns 4,097,524 shares of the asset manager's stock worth $4,200,450,000 after purchasing an additional 93,844 shares during the last quarter. GAMMA Investing LLC increased 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 last quarter. Geode Capital Management LLC lifted its holdings in BlackRock by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager's stock worth $3,072,787,000 after buying an additional 190,188 shares during the last quarter. Finally, FMR LLC boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
BlackRock Company Profile
(
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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