Rep. Julie Johnson Sells Off Shares of BlackRock (NYSE:BLK)

Key Points

• Representative Julie Johnson of Texas sold shares of BlackRock (NYSE:BLK) valued between $1,001 and $15,000 on July 22nd, as disclosed in a filing on August 14th.
• BlackRock recently reported a quarterly earnings per share of $12.05, exceeding analyst estimates of $10.41, along with a revenue of $5.42 billion.
• The company announced a quarterly dividend of $5.21 per share, scheduled for payout on September 23rd, with an annualized yield of 1.8%.

Representative Julie Johnson (D-Texas) recently sold shares of BlackRock NYSE: BLK. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on July 22nd. 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 Seagate Technology NASDAQ: STX on 7/29/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 7/25/2025.
• Purchased $1,001 - $15,000 in shares of Packaging Corporation of America NYSE: PKG on 7/25/2025.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 7/25/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/25/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/24/2025.
• Sold $1,001 - $15,000 in shares of Philip Morris International NYSE: PM on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Packaging Corporation of America NYSE: PKG on 7/22/2025.

BlackRock Stock Down 0.2%

BLK traded down $2.2520 on Thursday, reaching $1,126.2080. 168,738 shares of the company traded hands, compared to its average volume of 757,862. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,171.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. The company has a market cap of $174.39 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.16 and a beta of 1.42. The stock's 50 day moving average price is $1,079.75 and its 200-day moving average price is $991.10.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results 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 analyst estimates of $5.40 billion. During the same quarter last year, the business posted $10.36 EPS. The company's revenue for the quarter was up 12.9% on a year-over-year basis. On average, sell-side analysts expect that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be issued a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 5th. BlackRock's dividend payout ratio (DPR) is currently 50.39%.

Insider Activity

In other BlackRock news, CEO Laurence Fink sold 12,054 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.43, for a total transaction of $13,565,933.22. Following the completion of the sale, the chief executive officer directly owned 251,697 shares in the company, valued at $283,267,354.71. This represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Richard Kushel sold 17,142 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the sale, the director owned 61,369 shares of the company's stock, valued at $68,763,964.50. This trade represents a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,494 shares of company stock valued at $74,694,573 over the last three months. 1.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Securian Asset Management Inc. bought a new stake in BlackRock during the first quarter valued at about $7,331,000. Prudent Man Advisors LLC bought a new stake in BlackRock during the first quarter valued at about $2,018,000. Arizona State Retirement System bought a new stake in BlackRock during the first quarter valued at about $40,868,000. Allianz SE boosted its holdings in BlackRock by 2.6% during the first quarter. Allianz SE now owns 11,025 shares of the asset manager's stock valued at $10,435,000 after acquiring an additional 277 shares during the period. Finally, Polar Capital Holdings Plc bought a new stake in BlackRock during the fourth quarter valued at about $15,307,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company dropped their target price on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 16th. Zacks Research cut shares of BlackRock from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays increased their price target on shares of BlackRock from $990.00 to $1,220.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group reaffirmed a "neutral" rating and issued a $980.00 price objective on shares of BlackRock in a research note on Tuesday, July 8th. Finally, Morgan Stanley decreased 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 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 stock. According to MarketBeat.com, BlackRock currently has an average rating of "Moderate Buy" and a consensus target price of $1,151.21.

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.