Rep. John McGuire Unloads Shares of BlackRock (NYSE:BLK)

Representative John McGuire (Republican-Virginia) recently sold shares of BlackRock (NYSE:BLK). In a filing disclosed on July 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in BlackRock stock on July 7th. The trade occurred in the Representative’s “MERRILL LYNCH SEP IRA” account.

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

  • Purchased $1,001 – $15,000 in shares of SpaceX (NASDAQ:SPCX) on 6/15/2026.
  • Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 6/4/2026.
  • Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 6/4/2026.
  • Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 4/15/2026.
  • Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 4/15/2026.
  • Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/15/2026.

BlackRock Trading Up 7.4%

BLK traded up $76.10 during midday trading on Wednesday, reaching $1,101.54. 517,089 shares of the company’s stock traded hands, compared to its average volume of 795,592. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a fifty day moving average of $1,033.22 and a two-hundred day moving average of $1,042.90. The stock has a market capitalization of $170.73 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.24 and a beta of 1.43.

BlackRock (NYSE:BLKGet Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.68 by $1.23. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.72 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the company earned $12.05 EPS. On average, equities analysts anticipate that BlackRock will post 54.16 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 5th were issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, June 5th. BlackRock’s payout ratio is currently 57.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen reduced their price objective on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. The Goldman Sachs Group lifted their target price on shares of BlackRock from $1,181.00 to $1,313.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Jefferies Financial Group decreased their price target on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of BlackRock from $1,240.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, BNP Paribas Exane raised their target price on BlackRock from $1,300.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,270.72.

Read Our Latest Stock Analysis on BLK

Institutional Trading of BlackRock

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

More BlackRock News

Here are the key news stories impacting BlackRock this week:

Insiders Place Their Bets

In other BlackRock news, President Robert Kapito sold 8,739 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the sale, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the sale, the chief executive officer directly owned 230,516 shares in the company, valued at $242,168,583.80. This trade represents a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.92% of the company’s stock.

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

(Get Free Report)

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.

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