Rep. Dan Newhouse Sells Off Shares of BlackRock, Inc. (NYSE:BLK)

Representative Dan Newhouse (R-Washington) recently sold shares of BlackRock, Inc. (NYSE:BLK). In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on April 11th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Moody’s (NYSE:MCO) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Dollar General (NYSE:DG) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 4/11/2025.

BlackRock Stock Performance

Shares of BlackRock stock traded down $5.34 during midday trading on Monday, hitting $964.56. The company had a trading volume of 517,434 shares, compared to its average volume of 693,933. BlackRock, Inc. has a 12-month low of $752.30 and a 12-month high of $1,084.22. The company has a fifty day simple moving average of $920.93 and a 200 day simple moving average of $976.93. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock has a market cap of $149.43 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.90 and a beta of 1.41.

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

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, June 5th will be paid a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock’s dividend payout ratio (DPR) is currently 50.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BLK. Bank of America reduced their price objective 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. TD Cowen reduced their target price on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. UBS Group dropped their price objective on shares of 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. Wall Street Zen upgraded shares of BlackRock to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company decreased their price objective on shares of BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

Insider Activity

In other news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the transaction, the director now owns 66,034 shares of the company’s stock, valued at approximately $56,261,628.34. This represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 12,430 shares of company stock worth $11,237,249 over the last ninety days. Corporate insiders own 1.98% of the company’s stock.

Hedge Funds Weigh In On BlackRock

Several institutional investors and hedge funds have recently bought and sold shares of BLK. Vanguard Group Inc. increased its stake in BlackRock by 2.9% in the first quarter. Vanguard Group Inc. now owns 13,764,072 shares of the asset manager’s stock valued at $13,027,419,000 after acquiring an additional 387,466 shares during the last quarter. Capital World Investors raised its stake in BlackRock by 2.3% during the 4th quarter. Capital World Investors now owns 4,097,524 shares of the asset manager’s stock valued at $4,200,450,000 after buying an additional 93,844 shares during the last quarter. GAMMA Investing LLC lifted its holdings in BlackRock by 104,598.9% in the first quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager’s stock valued at $3,312,759,000 after acquiring an additional 3,496,740 shares during the period. Geode Capital Management LLC raised its position in BlackRock by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager’s stock worth $3,072,787,000 after acquiring an additional 190,188 shares during the period. Finally, FMR LLC grew its holdings in BlackRock by 1.1% during the fourth quarter. FMR LLC now owns 2,390,450 shares of the asset manager’s stock valued at $2,450,475,000 after purchasing an additional 26,485 shares during the period. 80.69% of the stock is owned by institutional investors.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.