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

Posted by Defense World Staff on Apr 10th, 2025

Representative Greg Landsman (D-Ohio) recently sold shares of BlackRock, Inc. (NYSE:BLK). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on March 27th. The trade occurred in the Representative’s “SARAH LANDSMAN TRADITIONAL IRA” account.

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

Sold $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 3/27/2025.
Sold $1,001 – $15,000 in shares of Cadence Design Systems (NASDAQ:CDNS) on 3/27/2025.
Sold $15,001 – $50,000 in shares of Simon Property Group (NYSE:SPG) on 3/27/2025.
Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 3/27/2025.
Sold $15,001 – $50,000 in shares of Visa (NYSE:V) on 3/27/2025.
Sold $15,001 – $50,000 in shares of Cencora (NYSE:COR) on 3/27/2025.
Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 3/27/2025.
Sold $1,001 – $15,000 in shares of Ameriprise Financial (NYSE:AMP) on 3/27/2025.
Sold $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 3/27/2025.
Sold $1,001 – $15,000 in shares of Equinix (NASDAQ:EQIX) on 3/27/2025.

BlackRock Stock Up 10.0 %

BlackRock stock opened at $897.11 on Thursday. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The firm has a market capitalization of $139.28 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The stock’s fifty day moving average is $947.97 and its two-hundred day moving average is $988.95. 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for 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 company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.66 earnings per share. Analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $5.21 per share. The ex-dividend date was Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.32%. BlackRock’s payout ratio is currently 49.62%.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares of the company’s stock, valued at approximately $3,531,656.40. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 20,430 shares of company stock valued at $21,234,629 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays dropped their price objective on BlackRock from $1,210.00 to $950.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com initiated coverage on shares of BlackRock in a report on Sunday. They set a “hold” rating for the company. Wells Fargo & Company upped their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Citigroup increased their price target on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,099.62.

Check Out Our Latest Analysis on BLK

Hedge Funds Weigh In On BlackRock

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of BlackRock by 104,598.9% in the first quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager’s stock worth $3,312,759,000 after acquiring an additional 3,496,740 shares in the last quarter. Norges Bank acquired a new position in shares of BlackRock during the fourth quarter worth about $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $1,122,743,000 after buying an additional 876,836 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of BlackRock by 138,682.5% during the 4th quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock valued at $634,000 after buying an additional 633,779 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in BlackRock in the 4th quarter worth approximately $572,730,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.