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

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 Performance

NYSE BLK traded down $38.04 during trading hours on Thursday, hitting $859.04. 190,751 shares of the stock were exchanged, compared to its average volume of 682,527. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The stock has a 50-day moving average of $947.97 and a 200 day moving average of $988.95. The company has a market cap of $133.37 billion, a price-to-earnings ratio of 20.50, 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.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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 net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the firm earned $9.66 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current 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 an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date was Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.43%. BlackRock’s payout ratio is presently 49.62%.

Institutional Investors Weigh In On BlackRock

Several hedge funds and other institutional investors have recently bought and sold shares of BLK. IAG Wealth Partners LLC acquired a new stake in BlackRock in the fourth quarter valued at $26,000. Investment Management Corp VA ADV acquired a new stake in shares of BlackRock in the 4th quarter valued at about $30,000. Collier Financial bought a new position in shares of BlackRock during the fourth quarter worth about $32,000. Compass Planning Associates Inc acquired a new position in BlackRock in the fourth quarter worth about $33,000. Finally, Atwood & Palmer Inc. acquired a new stake in BlackRock during the fourth quarter valued at approximately $36,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Bank of America lowered their target price on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Barclays cut their target price on shares of BlackRock from $1,210.00 to $950.00 and set an “overweight” rating for the company in a research note on Monday. Keefe, Bruyette & Woods reduced their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, UBS Group lifted their price target on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,099.62.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares of the company’s stock, valued at $73,403,973.12. The trade was a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 20,430 shares of company stock valued at $21,234,629 in the last quarter. Insiders own 0.90% of the company’s stock.

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.