On December 4, 2024, Laurence Fink, Chairman and Chief Executive Officer of BlackRock Inc, sold 48,700 shares of the company. Following this transaction, the insider now owns 295,090 shares of BlackRock Inc.
BlackRock Inc (BLK, Financial) is a global investment management corporation based in the United States. The company provides a range of services including investment management, risk management, and advisory services for institutional and retail clients worldwide. BlackRock is known for its extensive product offerings, which include mutual funds, iShares ETFs, and other investment vehicles.
Over the past year, Laurence Fink has sold a total of 140,106 shares and has not purchased any shares. The insider transaction history for BlackRock Inc indicates that there have been no insider buys in the past year, while there have been 24 insider sells.
On the day of the recent sale, shares of BlackRock Inc were trading at $1,035.76, giving the stock a market cap of $161.518 billion. The company's price-earnings ratio stands at 25.74, which is higher than the industry median of 11.115 and also higher than the company's historical median price-earnings ratio.
With a trading price of $1,035.76 and a GF Value of $810.99, BlackRock Inc has a price-to-GF-Value ratio of 1.28, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
