BlackRock Senior Managing Director is worth $10.1 million at Investing.com

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By BlackRock, Inc. (NYSE: ) Senior Managing Director J. Richard Kuchel recently sold 10,000 shares of the company’s common stock, netting $10.1 million. The shares were sold on January 21, 2025 for $1,010 each. Following this transaction, Kushal holds 68,433.34 shares. The transaction comes as BlackRock, with an impressive $157 billion market capitalization, maintains a strong financial health score, according to InvestingPro data.

Kushal also exercised stock options to acquire 10,000 shares at $513.50 per share. This transaction added $5.135 million to his holdings, now totaling 78,433.34 shares. Kushal’s indirect holdings include shares held by various family trusts. The stock has returned a solid 31.5% over the past year, continuing its 22-year streak of dividend payments.

These transactions reflect Kuschel’s continued equity management at BlackRock, a leading investment management corporation headquartered in New York. Trading at a P/E ratio of 23.9, InvestingPro analysis suggests the stock is currently trading near its fair value. Get more insights into BlackRock’s valuation and growth prospects in a comprehensive Pro Research report exclusive to InvestingPro subscribers.

In other recent news, BlackRock CEO Larry Fink has publicly argued for promoting bonds and stocks, a move that could democratize investing. This follows BlackRock’s impressive earnings report, with adjusted operating earnings per share (EPS) of $11.93, beating both Keefe, Bruyette & Woods’ ( KBW ) and consensus estimates. KBW has raised its price target on BlackRock shares as a result and maintained an Outperform rating.

In addition, BlackRock’s strong performance in the fourth quarter of 2024 led to a positive outlook from Citi, reflecting strong payout growth and liquidity. The company has seen a 7% growth in base payments during this period, with a revenue growth of 10.2%.

However, BlackRock has announced the departure of Mark Widman, head of global client business, in a significant shakeup of the firm’s leadership team. JPMorgan responded to these latest developments by raising BlackRock’s price target while maintaining a neutral stock rating. These are some of the recent developments regarding Blackrock.

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