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

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 Trading Up 1.4 %

Shares of BLK stock opened at $891.02 on Tuesday. The company has a market capitalization of $138.33 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. 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 firm has a 50-day moving average price of $939.58 and a 200 day moving average price of $987.88.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the business earned $9.81 EPS. BlackRock’s revenue was up 11.6% compared to the same quarter last year. Research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a $5.21 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.34%. BlackRock’s dividend payout ratio is presently 49.62%.

Institutional Trading of BlackRock

A number of institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas bought a new stake in BlackRock during the third quarter worth about $518,000. Amalgamated Bank lifted its holdings in shares of BlackRock by 1.7% during the 4th quarter. Amalgamated Bank now owns 28,711 shares of the asset manager’s stock worth $29,432,000 after acquiring an additional 489 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of BlackRock by 4.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager’s stock worth $12,793,000 after acquiring an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BlackRock by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager’s stock valued at $67,038,000 after purchasing an additional 4,210 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its stake in BlackRock by 48.2% during the fourth quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager’s stock worth $40,532,000 after purchasing an additional 12,864 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the sale, the director now directly owns 68,433 shares of the company’s stock, valued at $69,117,330. This trade represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BLK shares. Morgan Stanley lowered their target price on BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Barclays boosted their target price on shares of BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group lowered their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Citigroup dropped their target price on BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,077.08.

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

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.