Rep. Jefferson Shreve Buys BlackRock, Inc. (NYSE:BLK) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of BlackRock, Inc. NYSE: BLK. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $50,001 and $100,000 in BlackRock stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

BlackRock Price Performance

Shares of NYSE:BLK traded up $10.08 during trading hours on Friday, hitting $875.86. 1,034,313 shares of the company's stock traded hands, compared to its average volume of 685,191. The company has a market cap of $135.98 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The company's fifty day simple moving average is $932.56 and its two-hundred day simple moving average is $985.86.

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

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $5.21 per share. This is a positive change from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, March 7th. BlackRock's payout ratio is presently 50.63%.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the sale, the director now directly owns 68,433 shares of the company's stock, valued at approximately $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 20,430 shares of company stock valued at $21,234,629 over the last quarter. Corporate insiders own 0.90% of the company's stock.

Institutional Trading of BlackRock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLK. IAG Wealth Partners LLC acquired a new stake in BlackRock during the fourth quarter worth about $26,000. Investment Management Corp VA ADV acquired a new position in BlackRock in the fourth quarter valued at about $30,000. Collier Financial bought a new stake in BlackRock during the 4th quarter worth approximately $32,000. Compass Planning Associates Inc bought a new position in BlackRock in the 4th quarter valued at $33,000. Finally, Atwood & Palmer Inc. acquired a new position in BlackRock during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on BLK. Morgan Stanley lowered their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company dropped their target price on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating on the stock in a report on Monday. TD Cowen decreased their price target on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. UBS Group dropped their price objective on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Citigroup cut their target price 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.