BlackRock (NYSE:BLK) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of BlackRock, Inc. (NYSE:BLK). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on April 9th.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

BlackRock Price Performance

Shares of BLK stock opened at $989.39 on Friday. The company has a market capitalization of $153.61 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The firm has a fifty day simple moving average of $916.06 and a 200-day simple moving average of $978.08. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a twelve month low of $752.30 and a twelve month high of $1,084.22.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.84 by $0.46. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $9.81 earnings per share. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be paid a dividend of $5.21 per share. The ex-dividend date is Thursday, June 5th. This represents a $20.84 annualized dividend and a yield of 2.11%. BlackRock’s dividend payout ratio is currently 50.63%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on shares of BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Bank of America cut their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. UBS Group dropped their target price on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Citigroup dropped their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, April 14th. 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 stock has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the transaction, the director now owns 66,034 shares in the company, valued at $56,261,628.34. This represents a 2.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 12,430 shares of company stock worth $11,237,249 in the last 90 days. Corporate insiders own 1.98% of the company’s stock.

Institutional Trading of BlackRock

A number of large investors have recently modified their holdings of BLK. Aprio Wealth Management LLC bought a new position in BlackRock in the 4th quarter valued at about $235,000. Brookstone Capital Management grew its position in BlackRock by 9.4% in the 4th quarter. Brookstone Capital Management now owns 1,014 shares of the asset manager’s stock valued at $1,039,000 after buying an additional 87 shares in the last quarter. Capital Investment Advisors LLC grew its position in BlackRock by 3.2% in the 4th quarter. Capital Investment Advisors LLC now owns 1,456 shares of the asset manager’s stock valued at $1,492,000 after buying an additional 45 shares in the last quarter. Salem Investment Counselors Inc. grew its position in BlackRock by 244.3% in the 4th quarter. Salem Investment Counselors Inc. now owns 210 shares of the asset manager’s stock valued at $215,000 after buying an additional 149 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its position in BlackRock by 2.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 579 shares of the asset manager’s stock valued at $593,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About BlackRock

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.