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Laurence Fink, Chairman and CEO of BlackRock, Inc. (NYSE:BLK), sold 20,858 shares of the company’s common stock on July 24 and 25, 2025. The sales amounted to a total of $30.2 million, with prices ranging from $1,120.2061 to $1,130.2389. The transaction comes as the $174 billion asset management giant trades near its 52-week high of $1,130.66, having delivered a 34% return over the past year.
On July 24, Fink sold 14,618 shares in multiple transactions. The prices for these transactions ranged from $1,120.00 to $1,125.36. Then, on July 25, Fink sold an additional 6,240 shares. The prices for these transactions ranged from $1,120.21 to $1,130.47. According to InvestingPro data, analysts maintain a bullish outlook on BlackRock, with 8 analysts recently revising earnings estimates upward.
Following these transactions, Fink directly owns 251,697 shares of BlackRock, Inc. common stock, which includes restricted stock units that will vest over the next 1 to 3 years. Want deeper insights into insider transactions and comprehensive analysis? InvestingPro offers exclusive access to detailed insider trading patterns and over 30 key financial metrics for BlackRock.
In other recent news, BlackRock Inc (BVMF:BLAK34). reported impressive financial results for the second quarter of 2025, with earnings per share reaching $12.05, surpassing analysts’ expectations of $10.6. The company’s revenue also exceeded forecasts, coming in at $5.42 billion compared to the anticipated $5.41 billion. In another development, BlackRock is leading a consortium in advanced talks to acquire a $10 billion stake in Saudi Aramco (TADAWUL:2222)’s Jafurah natural gas project. Meanwhile, Keefe, Bruyette & Woods adjusted BlackRock’s stock price target to $1,215 from $1,260, citing margin pressure, although the firm maintained its Outperform rating. Additionally, BlackRock announced a quarterly dividend of $5.21 per share, payable in September 2025. The company has also advised employees traveling to China to use temporary loaner phones and leave company laptops behind, amid increasing concerns for global businesses operating in the region. These recent developments reflect ongoing strategic moves and operational guidance within BlackRock.
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