Rep. Tim Moore Buys BlackRock, Inc. (NYSE:BLK) Shares

Representative Tim Moore (R-North Carolina) recently bought shares of BlackRock, Inc. NYSE: BLK. In a filing disclosed on April 14th, the Representative disclosed that they had bought between $15,001 and $50,000 in BlackRock stock on March 4th. The trade occurred in the Representative's "TRADEWINDS" account.

Representative Tim Moore also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of American Airlines Group NASDAQ: AAL on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of Ford Motor NYSE: F on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/25/2025.
• Sold $100,001 - $250,000 in shares of American Airlines Group NASDAQ: AAL on 3/20/2025.
• Purchased $15,001 - $50,000 in shares of American Airlines Group NASDAQ: AAL on 3/14/2025.
• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/14/2025.
• Purchased $50,001 - $100,000 in shares of American Airlines Group NASDAQ: AAL on 3/13/2025.
• Purchased $50,001 - $100,000 in shares of American Airlines Group NASDAQ: AAL on 3/12/2025.
• Sold $50,001 - $100,000 in shares of Ford Motor NYSE: F on 3/10/2025.
• Sold $100,001 - $250,000 in shares of Harley-Davidson NYSE: HOG on 3/10/2025.

BlackRock Trading Up 3.5 %

NYSE:BLK traded up $29.68 during midday trading on Tuesday, hitting $883.68. The stock had a trading volume of 184,581 shares, compared to its average volume of 682,864. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $137.19 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.90 and a beta of 1.38. The stock has a 50-day moving average of $927.95 and a 200 day moving average of $985.23. BlackRock, Inc. has a one year low of $748.02 and a one year high of $1,084.22.

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

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from BlackRock's previous quarterly dividend of $5.10. BlackRock's dividend payout ratio is 50.63%.

Hedge Funds Weigh In On BlackRock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fidelity D & D Bancorp Inc. boosted its holdings in BlackRock by 3.7% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock valued at $263,000 after purchasing an additional 10 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of BlackRock by 8.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock worth $128,000 after purchasing an additional 10 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in BlackRock by 0.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock valued at $1,311,000 after buying an additional 10 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in shares of BlackRock by 2.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock valued at $377,000 after acquiring an additional 10 shares during the period. Finally, Marino Stram & Associates LLC increased its holdings in BlackRock by 0.3% in the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock valued at $3,496,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of analyst reports. TD Cowen cut their price objective on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barclays boosted their price target on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Bank of America dropped their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Citigroup dropped their target price on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BlackRock currently has a consensus rating of "Moderate Buy" and an average price target of $1,077.08.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 430 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares in the company, valued at $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.98% of the company's stock.

About Representative Moore

Timothy K. Moore (Republican Party) is a member of the U.S. House, representing North Carolina's 14th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Moore (Republican Party) ran for election to the U.S. House to represent North Carolina's 14th Congressional District. He won in the general election on November 5, 2024. Moore served as speaker of the House from 2015 to 2025. Timothy Moore earned his B.A. from the University of North Carolina-Chapel Hill in 1992 and his J.D. from the Oklahoma City University School of Law in 1995. His professional 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.