BlackRock Inc. (BLK) COO Charles Hallac sells 37,500 Shares

COO of BlackRock Inc. (BLK) Charles Hallac sells 37,500 shares of BLK on 02/08/2012 at an average price of $189.4 a share.

Blackrock Inc has a market cap of $25.59 billion; its shares were traded at around $190.19 with a P/E ratio of 15.9 and P/S ratio of 2.8. The dividend yield of Blackrock Inc stocks is 2.9%. Blackrock Inc had an annual average earning growth of 24.9% over the past 10 years. GuruFocus rated Blackrock Inc the business predictability rank of 4-star.

This is the annual revenues and earnings per share of BLK over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of BLK.

CEO Recent Trades:

• Chairman and CEO Laurence Fink sold 177,382 shares of BLK stock on 02/03/2012 at the average price of 186.29. Laurence Fink owns at least 1,335,432 shares after this. The price of the stock has increased by 2.09% since.
• Chairman and CEO Laurence Fink sold 12,618 shares of BLK stock on 01/30/2012 at the average price of 187.96. Laurence Fink owns at least 1,385,856 shares after this. The price of the stock has increased by 1.19% since.

This is the insider trade history vs. stock price of BLK. For the complete insider trading history of BLK, click here.

Directors and Officers Recent Trades:

• Director Murry Gerber bought 6,000 shares of BLK stock on 02/02/2012 at the average price of 183.69. Murry Gerber owns at least 33,678 shares after this. The price of the stock has increased by 3.54% since.
• Director Of America Corp /de/ Bank bought 134 shares of BLK stock on 11/03/2011 at the average price of 159.81. Of America Corp /de/ Bank owns at least 586 shares after this. The price of the stock has increased by 19.01% since.
• COO Charles Hallac sold 37,500 shares of BLK stock on 02/03/2012 at the average price of 185.7. Charles Hallac owns at least 617,970 shares after this. The price of the stock has increased by 2.42% since.
• President Robert Kapito sold 175,000 shares of BLK stock on 02/02/2012 at the average price of 183.32. Robert Kapito owns at least 608,990 shares after this. The price of the stock has increased by 3.75% since.
• Senior Managing Director N. James Charrington sold 1,500 shares of BLK stock on 01/26/2012 at the average price of 188.61. N. James Charrington owns at least 41,468 shares after this. The price of the stock has increased by 0.84% since.

For the complete insider trading history of BLK, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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