BlackRock (NYSE:BLK) Stock Sold Rep. John McGuire

Key Points

• Rep. John McGuire sold between $1,001 and $15,000 of BlackRock shares on July 14 from his Merrill Lynch SEP IRA, following another BlackRock sale on July 10.
• BlackRock reported stronger-than-expected quarterly results, with EPS of $13.91 and revenue of $7.08 billion, up 30.6% year over year. The company also declared a $5.73 quarterly dividend, equivalent to a 2.0% annualized yield.
• Analysts maintain a positive outlook, with the stock holding a consensus “Buy” rating and an average price target of $1,311.06; key growth initiatives include AI infrastructure financing and expanded institutional access to its Bitcoin ETF.

Representative John McGuire (Republican-Virginia) recently sold shares of BlackRock NYSE: BLK. In a filing disclosed on August 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on July 14th. The trade occurred in the Representative's "MERRILL LYNCH SEP IRA" account.

Representative John McGuire also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 7/15/2026.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/10/2026.

BlackRock Stock Performance

Shares of BLK stock opened at $1,147.45 on Wednesday. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The company's fifty day simple moving average is $1,043.69 and its 200-day simple moving average is $1,041.62. The firm has a market cap of $177.84 billion, a PE ratio of 27.42, a P/E/G ratio of 1.27 and a beta of 1.42. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, beating the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion during the quarter, compared to analysts' expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The business's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.05 earnings per share. Equities research analysts expect that BlackRock will post 55.63 EPS for the current fiscal year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $5.73 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. BlackRock's dividend payout ratio is 54.78%.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is partnering with Nvidia and other major financial institutions to create financing platforms intended to mobilize more than $500 billion in third-party capital for AI data centers, power generation, and computing infrastructure. The initiative could expand BlackRock’s infrastructure investment and private-credit revenue opportunities. Nvidia partners with Apollo, BlackRock, and others on $500B AI financing push
• Positive Sentiment: BlackRock lowered the minimum in-kind conversion size for its iShares Bitcoin Trust, IBIT, from $25 million to $1 million. The change may broaden institutional access to the ETF’s creation and redemption mechanism, potentially improving liquidity and product appeal. BlackRock Cuts IBIT In-Kind Conversion Minimum To $1M
• Positive Sentiment: IBIT led approximately $854 million of Bitcoin ETF inflows over five days, indicating renewed institutional demand and supporting fee potential for BlackRock’s digital-assets business. BlackRock Canada also launched IBQT, an ETF portfolio allocating 3% to Bitcoin alongside diversified global equities. BlackRock launches two Canada ETFs, with one allocating 3% to Bitcoin
• Neutral Sentiment: BlackRock signed an agreement with North America’s Building Trades Unions to support workforce development and supply-chain resilience for AI and energy infrastructure projects. The partnership may help address labor and execution challenges, but its direct financial impact is unclear. NABTU, BlackRock, and AI Infrastructure Partnership Launch Strategic Collaboration
• Negative Sentiment: The Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, based on allegations that investors received materially misleading business information. The announcement is only an investigation, not a finding of wrongdoing, but it introduces litigation and reputational risk. BlackRock Investor News: Rosen Law Firm Investigation
• Negative Sentiment: Commentary surrounding the Nvidia financing plan warns that aggressive lending against AI infrastructure and chip demand could expose participating financial firms to concentration, valuation, and credit risks. The Perils of Wall St.’s Race to Pour Billions More Into A.I.

Hedge Funds Weigh In On BlackRock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of BlackRock during the second quarter worth approximately $9,747,857,000. Corient Private Wealth LLC boosted its stake in BlackRock by 5,190.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager's stock valued at $5,876,618,000 after purchasing an additional 5,386,640 shares during the period. Norges Bank bought a new stake in BlackRock in the 4th quarter valued at $2,742,680,000. Oak Harvest Investment Services grew its holdings in BlackRock by 12,176.1% in the 4th quarter. Oak Harvest Investment Services now owns 1,595,153 shares of the asset manager's stock valued at $1,707,356,000 after buying an additional 1,582,159 shares in the last quarter. Finally, Auto Owners Insurance Co increased its position in BlackRock by 106,934.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,284,408 shares of the asset manager's stock worth $128,441,000 after buying an additional 1,283,208 shares during the period. 80.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

BLK has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on BlackRock from $1,383.00 to $1,488.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Barclays boosted their target price on shares of BlackRock from $1,340.00 to $1,450.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised shares of BlackRock from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $1,165.00 to $1,364.00 in a research report on Thursday, July 16th. Zacks Research upgraded shares of BlackRock from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $1,311.06.

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia's 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia's 5th Congressional District. He declared candidacy for the 2026 election. John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

About BlackRock

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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