BlackRock (NYSE:BLK) Shares Acquired Rep. Tim Moore

Representative Tim Moore (R-North Carolina) recently bought shares of BlackRock, Inc. (NYSE:BLK). In a filing disclosed on April 14th, the Representative disclosed that they had bought between $15,001 and $50,000 in BlackRock stock on March 4th. The trade occurred in the Representative’s “TRADEWINDS” account.

Representative Tim Moore also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of Ford Motor (NYSE:F) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/25/2025.
• Sold $100,001 – $250,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/20/2025.
• Purchased $15,001 – $50,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/14/2025.
• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/14/2025.
• Purchased $50,001 – $100,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/13/2025.
• Purchased $50,001 – $100,000 in shares of American Airlines Group (NASDAQ:AAL) on 3/12/2025.
• Sold $50,001 – $100,000 in shares of Ford Motor (NYSE:F) on 3/10/2025.
• Sold $100,001 – $250,000 in shares of Harley-Davidson (NYSE:HOG) on 3/10/2025.

BlackRock Stock Up 1.2 %

Shares of BlackRock stock traded up $10.08 during trading hours on Thursday, hitting $875.86. 1,034,300 shares of the company’s stock traded hands, compared to its average volume of 684,796. 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, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. The stock has a 50 day simple moving average of $934.74 and a 200-day simple moving average of $986.36. The company has a market cap of $135.98 billion, a PE ratio of 20.85, a PEG ratio of 1.90 and a beta of 1.38.

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

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a $5.21 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.38%. BlackRock’s dividend payout ratio (DPR) is 50.63%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLK. Bank of America decreased their target price on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods decreased their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Barclays increased their price objective on BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley decreased their price target 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. Finally, Citigroup decreased their price objective 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,077.08.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 430 shares of the business’s stock in a transaction on Friday, February 28th. The stock was 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 in the company, valued at $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 90 days. 0.90% of the stock is currently owned by insiders.

Institutional Trading of BlackRock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc bought a new stake in BlackRock in the third quarter valued at about $66,000. Invst LLC lifted its holdings in shares of BlackRock by 2.2% during the third quarter. Invst LLC now owns 2,435 shares of the asset manager’s stock valued at $2,312,000 after acquiring an additional 52 shares during the period. Wealthquest Corp acquired a new stake in shares of BlackRock during the 3rd quarter worth about $225,000. Tudor Financial Inc. bought a new position in BlackRock during the 3rd quarter valued at about $399,000. Finally, Anchor Investment Management LLC raised its stake in shares of BlackRock by 31.8% in the third quarter. Anchor Investment Management LLC now owns 791 shares of the asset manager’s stock valued at $751,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

About Representative Moore

Timothy K. Moore (Republican Party) is a member of the U.S. House, representing North Carolina’s 14th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Moore (Republican Party) ran for election to the U.S. House to represent North Carolina’s 14th Congressional District. He won in the general election on November 5, 2024.

Moore served as speaker of the House from 2015 to 2025.

Timothy Moore earned his B.A. from the University of North Carolina-Chapel Hill in 1992 and his J.D. from the Oklahoma City University School of Law in 1995. His professional experience includes working as an attorney.

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.