Rep. Lisa C. McClain Buys BlackRock (NYSE:BLK) Stock

Key Points

• Representative Lisa C. McClain purchased shares of BlackRock (NYSE: BLK) valued between $1,001 and $15,000 on July 16th, as disclosed in a filing.
• BlackRock recently declared a quarterly dividend of $5.21 per share, with an upcoming payment date of September 23rd, representing a 1.8% yield.
• Analysts maintain a generally optimistic outlook on BlackRock, with twelve analysts giving it a buy rating and an average target price of $1,151.21.

Representative Lisa C. McClain (R-Michigan) recently bought shares of BlackRock NYSE: BLK. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in BlackRock stock on July 16th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

BlackRock Price Performance

NYSE:BLK traded down $24.28 on Friday, reaching $1,135.88. The stock had a trading volume of 580,186 shares, compared to its average volume of 766,129. 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 company has a market capitalization of $175.98 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.33 and a beta of 1.42. The stock has a fifty day moving average price of $1,068.47 and a 200-day moving average price of $989.19. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,171.89.

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

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, September 5th. BlackRock's dividend payout ratio (DPR) is currently 50.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $1,115.00 target price on shares of BlackRock in a research report on Tuesday, July 8th. Bank of America raised their price target on shares of BlackRock from $1,214.00 to $1,224.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Argus reaffirmed a "buy" rating on shares of BlackRock in a report on Tuesday, July 8th. Wells Fargo & Company decreased their price target on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating for the company in a report on Wednesday, July 16th. Finally, Jefferies Financial Group upped their target price on BlackRock from $959.00 to $1,210.00 in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,151.21.

Insider Buying and Selling at BlackRock

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

Hedge Funds Weigh In On BlackRock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Welch Group LLC grew its stake in shares of BlackRock by 1.2% in the 2nd quarter. Welch Group LLC now owns 760 shares of the asset manager's stock worth $797,000 after buying an additional 9 shares in the last quarter. Stanley Laman Group Ltd. grew its stake in shares of BlackRock by 2.7% in the 2nd quarter. Stanley Laman Group Ltd. now owns 340 shares of the asset manager's stock worth $357,000 after buying an additional 9 shares in the last quarter. CNB Bank grew its stake in shares of BlackRock by 9.6% in the 2nd quarter. CNB Bank now owns 103 shares of the asset manager's stock worth $108,000 after buying an additional 9 shares in the last quarter. Magellan Asset Management Ltd grew its stake in shares of BlackRock by 14.3% in the 2nd quarter. Magellan Asset Management Ltd now owns 72 shares of the asset manager's stock worth $76,000 after buying an additional 9 shares in the last quarter. Finally, FAS Wealth Partners Inc. grew its stake in shares of BlackRock by 1.1% in the 2nd quarter. FAS Wealth Partners Inc. now owns 817 shares of the asset manager's stock worth $857,000 after buying an additional 9 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About BlackRock

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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