BlackRock (NYSE:BLK) Shares Acquired Rep. Jefferson Shreve

16 Apr 2025, 00:10 by Danessa Lincoln · The Markets Daily

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 Stock Performance

BLK stock traded down $0.74 during trading on Tuesday, reaching $889.21. 516,178 shares of the stock were exchanged, compared to its average volume of 683,689. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. 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 $138.05 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The stock has a 50 day simple moving average of $939.58 and a 200-day simple moving average of $987.88.

BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. The company had revenue of $5.28 billion for 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 for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $9.81 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is currently 50.63%.

Wall Street Analysts Forecast Growth

BLK has been the topic of several analyst reports. StockNews.com began coverage on shares of BlackRock in a report on Monday. They issued a “hold” rating on the stock. Barclays increased their price target on shares of BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a report on Monday. UBS Group dropped their target price on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a report on Friday. Finally, Morgan Stanley decreased their price target on BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $1,077.08.

Read Our Latest Analysis on BLK

Institutional Trading of BlackRock

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in BlackRock by 104,598.9% in the 1st quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager’s stock valued at $3,312,759,000 after acquiring an additional 3,496,740 shares in the last quarter. Norges Bank bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of BlackRock by 401.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,095,241 shares of the asset manager’s stock valued at $1,122,743,000 after purchasing an additional 876,836 shares in the last quarter. Proficio Capital Partners LLC raised its position in BlackRock by 138,682.5% in the 4th quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock worth $634,000 after purchasing an additional 633,779 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in BlackRock during the 4th quarter worth $572,730,000. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company’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 transaction, the director now owns 68,433 shares of the company’s stock, valued at $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 20,430 shares of company stock worth $21,234,629. 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 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

(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.