BlackRock (NYSE:BLK) Shares Unloaded Rep. Richard McCormick

Key Points

• Representative Richard McCormick sold shares of BlackRock (NYSE:BLK) valued between $1,001 and $15,000 in September 2025, as disclosed on October 9th.
• BlackRock reported $12.05 earnings per share for the last quarter, exceeding analysts' expectations, with revenue rising by 12.9% year-over-year.
• The firm declared a quarterly dividend of $5.21 per share, providing a yield of 1.8%, with an expected payout ratio of 50.39%.

Representative Richard McCormick (R-Georgia) recently sold shares of BlackRock NYSE: BLK. In a filing disclosed on October 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on September 18th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/18/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 9/18/2025.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 9/18/2025.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,165.64 on Friday. The firm has a market capitalization of $180.50 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.21 and a beta of 1.45. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock's 50-day simple moving average is $1,134.03 and its two-hundred day simple moving average is $1,033.55. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,184.13.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Tuesday, July 15th. The asset manager reported $12.05 earnings per share for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.40 billion. BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The company's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $10.36 EPS. As a group, equities analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th were paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock's dividend payout ratio is currently 50.39%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BLK. UBS Group restated a "neutral" rating and set a $980.00 target price on shares of BlackRock in a report on Tuesday, July 8th. Weiss Ratings restated a "buy (b-)" rating on shares of BlackRock in a report on Wednesday. JPMorgan Chase & Co. increased their target price on BlackRock from $1,093.00 to $1,242.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. Citigroup increased their target price on BlackRock from $1,200.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, September 29th. Finally, Barclays increased their price objective on BlackRock from $1,210.00 to $1,310.00 and gave the stock an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,258.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLK. Pacifica Partners Inc. increased its position in BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager's stock valued at $25,000 after buying an additional 18 shares in the last quarter. Fairway Wealth LLC increased its position in BlackRock by 76.5% during the 1st quarter. Fairway Wealth LLC now owns 30 shares of the asset manager's stock valued at $28,000 after buying an additional 13 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in BlackRock by 100.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager's stock valued at $28,000 after buying an additional 15 shares in the last quarter. Garde Capital Inc. increased its position in BlackRock by 200.0% during the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager's stock valued at $28,000 after buying an additional 18 shares in the last quarter. Finally, Traub Capital Management LLC bought a new position in BlackRock during the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Insider Buying and Selling

In other BlackRock news, Director Fabrizio Freda sold 4,434 shares of BlackRock stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the completion of the sale, the director owned 3,506 shares of the company's stock, valued at approximately $3,936,571.86. This trade represents a 55.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction on Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director directly owned 19,205 shares of the company's stock, valued at approximately $21,617,148. The trade was a 48.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,494 shares of company stock worth $74,694,573 in the last 90 days. Corporate insiders own 1.98% of the company's stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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