Rep. Jefferson Shreve Sells BlackRock, Inc. (NYSE:BLK) Shares

Posted by Dante Gardener on Mar 12th, 2025

Representative Jefferson Shreve (R-Indiana) recently sold shares of BlackRock, Inc. (NYSE:BLK). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $50,001 and $100,000 in BlackRock stock on February 24th. 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 RTX (NYSE:RTX) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

BlackRock Stock Performance

Shares of BlackRock stock opened at $912.43 on Wednesday. The stock’s fifty day simple moving average is $990.09 and its 200 day simple moving average is $986.42. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $141.66 billion, a PE ratio of 21.72, a PEG ratio of 1.90 and a beta of 1.29. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22.

BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the business posted $9.66 EPS. BlackRock’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, research analysts predict that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $5.21 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.28%. BlackRock’s payout ratio is 49.62%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup upped their price target 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. UBS Group upped their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price target on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

Get Our Latest Stock Report on BLK

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BLK. Cozad Asset Management Inc. bought a new position in shares of BlackRock in the 3rd quarter valued at about $226,000. TFB Advisors LLC bought a new position in BlackRock during the third quarter worth about $221,000. Capital Performance Advisors LLP acquired a new position in BlackRock during the third quarter worth approximately $54,000. Hollencrest Capital Management raised its stake in BlackRock by 43.5% in the third quarter. Hollencrest Capital Management now owns 211 shares of the asset manager’s stock valued at $200,000 after buying an additional 64 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of BlackRock by 0.9% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 32,809 shares of the asset manager’s stock valued at $31,152,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was 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 owns 68,433 shares of the company’s stock, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 20,430 shares of company stock valued at $21,234,629 over the last three months. Insiders own 0.90% of the company’s stock.

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 [email protected] 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.

BlackRock Company Profile

(Get Free Report)

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.