BlackRock (NYSE:BLK) Stock 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 Price Performance

Shares of NYSE:BLK traded up $10.08 during midday trading on Thursday, reaching $875.86. 1,034,313 shares of the company’s stock traded hands, compared to its average volume of 684,796. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The company has a fifty day simple moving average of $934.74 and a two-hundred day simple moving average of $986.36. The company has a market cap of $135.98 billion, a P/E ratio of 20.85, a PEG ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22.

BlackRock (NYSE:BLK) last posted 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 return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the business earned $9.81 EPS. BlackRock’s quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a $5.21 dividend. 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%. The ex-dividend date of this dividend was Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is presently 50.63%.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 430 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 3,720 shares of the company’s stock, valued at $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 20,430 shares of company stock worth $21,234,629. Insiders own 0.90% of the company’s stock.

Institutional Trading of BlackRock

Large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in BlackRock by 104,598.9% during the 1st quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager’s stock worth $3,312,759,000 after purchasing an additional 3,496,740 shares in the last quarter. Norges Bank bought a new stake in shares of BlackRock in the fourth quarter worth $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BlackRock by 401.5% during the 4th 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 last quarter. Proficio Capital Partners LLC raised its stake in BlackRock by 138,682.5% during the fourth quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock worth $634,000 after acquiring an additional 633,779 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in BlackRock during the 4th quarter worth $572,730,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BLK shares. Barclays boosted their price target on shares of BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group cut their target price on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a research note 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. Bank of America reduced 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 research report on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and a consensus price target of $1,077.08.

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.

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.