BlackRock Inc. (NYSE: BLK) Director, John S. Varley, recently bought 427 shares of BlackRock common stock for $233.59 per share, according to a SEC filing. Varley made a total investment of $99,742.
BlackRock shares are currently trading 0.09% higher at $236.55 on volume of 615,538. The stock rose to an intra-day high of $237.75 earlier today. BLK shares have gained more than 14% in the last one month.
Varley’s purchase came after BlackRock reported its financial results for the fourth quarter. For the quarter, the company reported diluted earnings per share of $3.93, up 29% over the same period in the previous year. The company’s revenue for the quarter rose 14%, reflecting growth in markets, strength in base fees and higher performance fees.
For the full year 2012, BlackRock reported earnings of $13.79 per share, representing an increase of 11% over 2011. On an adjusted basis, the company’s earnings for 2012 rose 15% to $13.68 per share.
Laurence D. Fink, Chairman and CEO of BlackRock, said that the company’s financial performance in 2012 was strong by any measure. Fink said that the company closed the year with record earnings for both the quarter and the year. Fink added that the company’s results demonstrate not only the diversity of its platform and the breadth of its global product offering, but also how it has differentiated the firm and continued to evolve in anticipation of its clients’ needs.
Based in New York City, BlackRock is an independent investment management firm, providing a range of investment and risk management services.
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