Intel stock spikes after report of possible US government stake
On April 24, 2025, J. Richard Kushel, Senior Managing Director at BlackRock, Inc. (NYSE:BLK), sold 10,000 shares of the company’s common stock. The shares were sold at an average price of $912.50 each, amounting to a total transaction value of approximately $9.13 million. This sale was executed in multiple trades, with prices ranging from $912.50 to $912.53. BlackRock, a prominent player in the Capital Markets industry with a market capitalization of $142 billion, currently trades near InvestingPro’s Fair Value estimate.
Earlier that day, Kushel also acquired 10,000 shares through the exercise of employee stock options at a price of $513.50 per share, totaling $5.135 million. Following these transactions, Kushel holds 66,034.34 shares directly. Additionally, he maintains indirect ownership through family trusts, which collectively hold over 75,000 shares of BlackRock stock. The company maintains a "GOOD" financial health score according to InvestingPro, with a P/E ratio of 22x and strong dividend history spanning 23 consecutive years.
These stock movements by Kushel offer insight into the executive’s current holdings and trading activities within BlackRock. For deeper analysis of insider trading patterns and comprehensive financial metrics, InvestingPro subscribers can access the detailed Pro Research Report, featuring expert analysis of BlackRock’s valuation and growth prospects.
In other recent news, BlackRock Inc (BVMF:BLAK34). announced its first-quarter 2025 financial results, reporting an earnings per share (EPS) of $11.30, which exceeded analysts’ expectations of $10.76. However, the company’s revenue of $5.28 billion fell short of the projected $5.38 billion. Despite the mixed results, BlackRock reported a 12% year-over-year increase in revenue and a 14% rise in operating income. Analysts at TD Cowen maintained a Buy rating on BlackRock and raised the stock’s price target to $1,063, reflecting confidence in the company’s anticipated earnings growth and strategic shifts towards faster-growing areas. Additionally, BlackRock’s CEO, Larry Fink, revealed that the firm has been increasing its investments in UK assets, viewing them as undervalued. Meanwhile, BlackRock is involved in a significant transaction, as it leads a consortium to acquire CK Hutchison’s port operations, a deal that has attracted political attention due to its proximity to the Panama Canal. These developments highlight BlackRock’s ongoing strategic initiatives and market positioning in a volatile economic environment.
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