Rep. Greg Landsman Sells BlackRock, Inc. (NYSE:BLK) Stock

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 Trading Down 1.2 %

Shares of BLK traded down $11.69 during midday trading on Friday, hitting $947.96. 1,180,772 shares of the stock were exchanged, compared to its average volume of 848,172. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,084.22. The stock has a fifty day simple moving average of $994.60 and a 200 day simple moving average of $984.14. The firm has a market cap 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 quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the business posted $9.66 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, research analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal 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 given 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 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is currently 49.62%.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction that occurred 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 transaction, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. The trade was a 12.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 20,430 shares of company stock worth $21,234,629 in the last ninety days. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BLK shares. Keefe, Bruyette & Woods reduced their price objective on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Citigroup raised their price target on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. UBS Group raised their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their price objective on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

Institutional Investors Weigh In On BlackRock

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC raised its position in shares of BlackRock by 39.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 709 shares of the asset manager’s stock worth $701,000 after purchasing an additional 199 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of BlackRock by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock worth $2,829,000 after purchasing an additional 11 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BlackRock by 9.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,015 shares of the asset manager’s stock worth $33,612,000 after purchasing an additional 2,836 shares during the last quarter. BSW Wealth Partners acquired a new position in shares of BlackRock during the 3rd quarter worth approximately $207,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of BlackRock during the 3rd quarter worth approximately $96,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

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.