BlackRock (NYSE:BLK) Shares Unloaded Rep. Julie Johnson

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 Up 2.7%

BLK traded up $29.8230 during trading on Friday, reaching $1,154.5730. 118,772 shares of the stock were exchanged, compared to its average volume of 754,531. The stock has a market cap of $178.79 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,171.89. The stock's 50 day moving average price is $1,082.48 and its two-hundred day moving average price is $991.86. 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 released its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, beating 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 firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the company earned $10.36 earnings per share. The company's quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts expect that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, September 5th. BlackRock's payout ratio is presently 50.39%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BLK shares. Wells Fargo & Company decreased their price objective on shares of BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating on the stock in a report on Wednesday, July 16th. Argus reiterated a "buy" rating on shares of BlackRock in a report on Tuesday, July 8th. Bank of America upped their price objective on shares of BlackRock from $1,214.00 to $1,224.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods decreased their price objective on shares of BlackRock from $1,247.00 to $1,224.00 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of BlackRock to a "hold" rating in a research report on Saturday, May 24th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, BlackRock has a consensus rating of "Moderate Buy" and a consensus price target of $1,151.21.

Insider Activity

In other news, Director Rachel Lord sold 18,036 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the transaction, the director owned 19,205 shares of the company's stock, valued at approximately $21,617,148. This represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 17,142 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the completion of the transaction, the director directly owned 61,369 shares of the company's stock, valued at $68,763,964.50. This trade represents a 21.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,494 shares of company stock worth $74,694,573. 1.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackRock

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in BlackRock by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,991,264 shares of the asset manager's stock worth $14,680,334,000 after purchasing an additional 227,192 shares during the period. Capital World Investors lifted its position in 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 purchasing an additional 93,844 shares during the period. GAMMA Investing LLC lifted its position in BlackRock by 104,598.9% during the first quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager's stock worth $3,312,759,000 after purchasing an additional 3,496,740 shares during the period. Geode Capital Management LLC lifted its position in BlackRock by 1.1% during the second quarter. Geode Capital Management LLC now owns 3,143,429 shares of the asset manager's stock worth $3,281,641,000 after purchasing an additional 34,049 shares during the period. Finally, Norges Bank bought a new stake in BlackRock during the second quarter worth about $2,644,007,000. Institutional investors own 80.69% of the company's stock.

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.

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.