BlackRock chief Larry Fink sold $20 million worth of stock in the world's largest asset manager this week

<p><img src="https://static3.businessinsider.com/image/601d166019cbd800188afe1b-2400/ap21746747920.jpg" border="0" alt="Larry Fink" data-mce-source="Mark Lennihan/AP" data-link="http://www.apimages.com/metadata/Index/BlackRock-Fink/25bdec23f09c4b9b958df50a16bceca5/4/0"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li>The CEO of the world's largest asset manager sold $20 million worth of stock on February 2.</li><li>A regulatory filing showed Larry Fink sold 27,400 shares at an average price of $728.7 per share.</li><li>BlackRock shares are up around 3% year-to-date.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener"><strong>Sign up here for our daily newsletter, 10 Things Before the Opening Bell</strong></a><strong>.</strong></li></ul><hr><p><a href="https://markets.businessinsider.com/stocks/blk-stock">BlackRock</a> CEO&nbsp;Larry Fink sold $20 million worth of his stock this week, according to <a href="https://www.sec.gov/Archives/edgar/data/1059245/000112760221004070/xslF345X03/form4.xml">filings registered</a> with the Securities and Exchange Commission.&nbsp;</p><p>The billionaire unloaded 27,400 shares at an average price of $728.7 per share on February 2, the filing showed. His recent stock sale has reduced his direct ownership of BlackRock shares by 3%.&nbsp;Fink still owns $560 million worth of stock in the world's largest asset manager, according to <a href="https://www.bloomberg.com/news/articles/2021-02-05/blackrock-s-fink-sold-20-million-of-stock-after-share-gains'cmpid=socialflow-twitter-business&amp;utm_content=business&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter">Bloomberg</a> data.</p><p>A <a href="https://www.sec.gov/Archives/edgar/data/1059245/000112760221002718/xslF345X03/form4.xml">separate filing</a> showed he disposed of $2 million worth of stock in January, selling 2,800 shares at an average price of $730 per share.</p><p>By July last year, Fink had dumped almost $75 million in the company after other executives sold stock in their own companies the same month, Bloomberg reported.</p><p>BlackRock shares are up around 3% so far this year.</p><p><strong data-stringify-type="bold"><em data-stringify-type="italic">Read More:</em></strong><em data-stringify-type="italic">&nbsp;</em><em data-stringify-type="italic"><a href="https://www.businessinsider.com/stock-picks-to-buy-recommendations-cannabis-evs-gambling-biden-sparrow-2021-2" target="_blank" rel="noopener noreferrer" data-stringify-link="https://www.businessinsider.com/stock-picks-to-buy-recommendations-cannabis-evs-gambling-biden-sparrow-2021-2" data-sk="tooltip_parent">A fund manager who's beaten 97% of his peers over the past 5 years shares 6 of the stocks he's most bullish on as Biden takes a friendlier stance toward cannabis, electric vehicles, and more</a></em></p><p><strong>SEE ALSO:&nbsp;<a href="https://markets.businessinsider.com/news/stocks/robinhood-lifts-trading-restrictions-reddit-darlings-gamestop-amc-relaxing-limits-2021-2-1030047696" >Robinhood lifts trading restrictions on Reddit-darlings GameStop and AMC days after relaxing limits on both stocks</a></strong></p><p><a href="https://markets.businessinsider.com/news/stocks/blackrock-larry-fink-shares-sale-20-million-worth-stock-manager-2021-2-1030047841#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/pikes-peak-hill-climb-colorado-most-dangerous-racetrack-2020-2">Why Pikes Peak is the most dangerous racetrack in America</a></p>
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