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

Key Points

• Rep. John McGuire sold $1,001–$15,000 of BlackRock stock from his Merrill Lynch SEP IRA on July 10, and reported another BlackRock sale in the same value range on July 14. He also sold Palo Alto Networks and bought Applied Materials.
• BlackRock reported stronger-than-expected quarterly results, with EPS of $13.91 and revenue of $7.08 billion, representing 30.6% year-over-year revenue growth. Shares opened at $1,147.45, while analysts maintained a consensus “Buy” rating and a $1,311.06 price target.
• The company declared a quarterly dividend of $5.73 per share, equal to a 2.0% annualized yield. Growth initiatives include a planned financing platform for more than $500 billion in AI infrastructure and expanded institutional access to its iShares Bitcoin Trust, though analysts flagged related credit and valuation risks.

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 10th. 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 7/14/2026.

BlackRock Stock Up 1.4%

Shares of BLK stock opened at $1,147.45 on Wednesday. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The stock's fifty day moving average price is $1,043.69 and its 200 day moving average price is $1,041.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market cap of $177.84 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42.

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

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a $5.73 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.0%. BlackRock's dividend payout ratio (DPR) is presently 54.78%.

Key Stories 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.

Institutional Trading of BlackRock

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Evolution Wealth Management Inc. acquired a new stake in shares of BlackRock during the 4th quarter worth approximately $26,000. RMG Wealth Management LLC acquired a new position in shares of BlackRock in the 1st quarter valued at $25,000. Addison Advisors LLC acquired a new position in shares of BlackRock in the 2nd quarter valued at $25,000. Birchbrook Inc. purchased a new stake in BlackRock during the fourth quarter worth $31,000. Finally, Basepoint Wealth LLC acquired a new stake in BlackRock during the fourth quarter valued at $32,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on BlackRock from $1,383.00 to $1,488.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Evercore reaffirmed an "outperform" rating and set a $1,260.00 price target on shares of BlackRock in a research report on Monday. BMO Capital Markets boosted their price target on BlackRock from $1,250.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods lowered BlackRock from a "moderate buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.

BlackRock Company Profile

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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