Rep. Greg Landsman Sells Off Shares of BlackRock, Inc. (NYSE:BLK)

Representative Greg Landsman (D-Ohio) recently sold shares of BlackRock, Inc. (NYSE:BLK). In a filing disclosed on March 05th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on February 18th. The trade occurred in the Representative’s “ROCKEFELLER CAPITAL MANAGEMENT (1)” account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of Ameriprise Financial (NYSE:AMP) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 2/26/2025.
• Sold $15,001 – $50,000 in shares of Arista Investors (OTCMKTS:ARINA) on 2/20/2025.
• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 2/18/2025.
• Sold $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/19/2024.

BlackRock Stock Down 1.2 %

Shares of NYSE BLK opened at $947.96 on Friday. The company has a 50 day simple moving average of $994.60 and a 200-day simple moving average of $984.14. The company has a market capitalization of $146.82 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $9.66 EPS. On average, equities research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a $5.21 dividend. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a yield of 2.20%. BlackRock’s dividend payout ratio is presently 49.62%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLK. Morgan Stanley raised their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods dropped their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup lifted their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

Hedge Funds Weigh In On BlackRock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AG Asset Advisory LLC purchased a new position in BlackRock in the 4th quarter valued at approximately $360,000. Probity Advisors Inc. boosted its position in BlackRock by 6.0% in the 4th quarter. Probity Advisors Inc. now owns 756 shares of the asset manager’s stock valued at $775,000 after buying an additional 43 shares during the period. Siemens Fonds Invest GmbH boosted its position in BlackRock by 1.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,983 shares of the asset manager’s stock valued at $2,033,000 after buying an additional 21 shares during the period. BridgePort Financial Solutions LLC purchased a new position in BlackRock in the 4th quarter valued at approximately $647,000. Finally, Park Square Financial Group LLC purchased a new position in BlackRock in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction 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. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 20,430 shares of company stock valued at $21,234,629. Insiders own 0.90% of the company’s stock.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio’s 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio’s 1st Congressional District. He declared candidacy for the 2026 election.

Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor’s Office of Faith-Based and Community Initiatives.

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.