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

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 Price Performance

NYSE BLK opened at $889.21 on Wednesday. The company has a market cap of $138.05 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. 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’s 50-day simple moving average is $937.25 and its two-hundred day simple moving average is $987.19. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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 net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the firm earned $9.81 EPS. BlackRock’s revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current 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 $5.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.34%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 50.63%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased 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. UBS Group decreased their price target on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Morgan Stanley cut their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. StockNews.com started coverage on shares of BlackRock in a report on Monday. They set a “hold” rating on the stock. Finally, Citigroup cut their price target on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,077.08.

Institutional Investors Weigh In On BlackRock

A number of large investors have recently added to or reduced their stakes in BLK. Kelly Financial Services LLC purchased a new position in shares of BlackRock in the 1st quarter worth about $203,000. First United Bank & Trust purchased a new stake in BlackRock in the first quarter worth approximately $85,000. Simon Quick Advisors LLC grew its position in BlackRock by 139.8% during the first quarter. Simon Quick Advisors LLC now owns 844 shares of the asset manager’s stock valued at $799,000 after acquiring an additional 492 shares during the last quarter. Zhang Financial LLC lifted its holdings in shares of BlackRock by 2.4% in the 1st quarter. Zhang Financial LLC now owns 968 shares of the asset manager’s stock worth $916,000 after acquiring an additional 23 shares during the last quarter. Finally, Exchange Bank boosted its stake in shares of BlackRock by 3.8% in the 1st quarter. Exchange Bank now owns 486 shares of the asset manager’s stock valued at $460,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the firm’s 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 transaction, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 20,430 shares of company stock valued at $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 [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.