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 May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in BlackRock stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

BlackRock Price Performance

NYSE BLK traded up $33.37 during trading hours on Monday, reaching $956.81. 440,162 shares of the company’s stock were exchanged, compared to its average volume of 876,682. The firm has a fifty day moving average of $913.01 and a 200-day moving average of $978.40. 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 one year low of $752.29 and a one year high of $1,084.22. The stock has a market cap of $148.55 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK) last announced its quarterly earnings data 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 firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $9.81 EPS. On average, equities research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Barclays boosted their price target on shares of BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Bank of America dropped their target price 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. JPMorgan Chase & Co. dropped their price target on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com initiated coverage on BlackRock in a research report on Thursday. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,077.08.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total value of $9,125,000.00. Following the sale, the director now directly owns 66,034 shares in the company, valued at approximately $60,256,025. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 12,430 shares of company stock valued at $11,237,249. 1.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackRock

A number of large investors have recently added to or reduced their stakes in BLK. Amalgamated Bank boosted its holdings in shares of BlackRock by 1.7% during the fourth quarter. Amalgamated Bank now owns 28,711 shares of the asset manager’s stock worth $29,432,000 after acquiring an additional 489 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in BlackRock by 4.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager’s stock valued at $12,793,000 after buying an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BlackRock by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager’s stock worth $67,038,000 after buying an additional 4,210 shares during the period. Artemis Investment Management LLP boosted its position in shares of BlackRock by 48.2% in the fourth quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager’s stock valued at $40,532,000 after acquiring an additional 12,864 shares during the period. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of BlackRock in the fourth quarter valued at about $46,284,000. Institutional investors own 80.69% 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.

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.