Rep. Richard McCormick Purchases Shares of BlackRock (NYSE:BLK)

Posted by Geri Gentry on Apr 9th, 2026

Representative Richard McCormick (Republican-Georgia) recently bought shares of BlackRock (NYSE:BLK). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in BlackRock stock on March 19th. The trade occurred in the Representative’s “GROWTH PARTNERS IRA” account.

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

Purchased $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 3/19/2026.
Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/19/2026.
Sold $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 3/19/2026.
Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 3/19/2026.
Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/19/2026.

BlackRock Stock Up 0.1%

NYSE:BLK traded up $1.44 during mid-day trading on Thursday, hitting $1,002.98. The company had a trading volume of 676,626 shares, compared to its average volume of 859,349. The business has a fifty day simple moving average of $1,020.84 and a 200-day simple moving average of $1,072.88. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a 1 year low of $833.09 and a 1 year high of $1,219.94. The firm has a market capitalization of $156.01 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.24 and a beta of 1.48.

BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating the consensus estimate of $12.55 by $0.61. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the company posted $11.93 earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year. Equities analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th were given a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.3%. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date of this dividend was Friday, March 6th. BlackRock’s dividend payout ratio is 64.71%.

Institutional Trading of BlackRock

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Investment Research & Advisory Group Inc. acquired a new stake in shares of BlackRock in the third quarter valued at approximately $6,201,000. Lingohr Asset Management GmbH acquired a new stake in shares of BlackRock in the third quarter valued at approximately $700,000. Ontario Teachers Pension Plan Board increased its holdings in shares of BlackRock by 6,347.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager’s stock valued at $49,239,000 after purchasing an additional 41,579 shares in the last quarter. Sienna Gestion increased its holdings in shares of BlackRock by 51.5% in the third quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock valued at $24,299,000 after purchasing an additional 7,773 shares in the last quarter. Finally, Tandem Investment Advisors Inc. acquired a new stake in shares of BlackRock in the third quarter valued at approximately $83,247,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLK has been the topic of several research reports. The Goldman Sachs Group cut their price objective on BlackRock from $1,341.00 to $1,181.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of BlackRock in a research report on Friday, March 27th. Keefe, Bruyette & Woods cut their price objective on BlackRock from $1,340.00 to $1,150.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Cowen dropped their target price on BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Wall Street Zen raised BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,260.83.

Read Our Latest Research Report on BLK

Insider Activity at BlackRock

In other BlackRock news, Director Stephen Cohen sold 225 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $1,069.56, for a total value of $240,651.00. Following the transaction, the director directly owned 5,661 shares of the company’s stock, valued at approximately $6,054,779.16. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Small sold 27,047 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the completion of the transaction, the chief financial officer directly owned 10,557 shares in the company, valued at approximately $12,363,724.98. The trade was a 71.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 111,319 shares of company stock worth $123,999,249. 1.98% of the stock is currently owned by company insiders.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

Positive Sentiment: Private‑credit and core index business strength supports fee stability and investor confidence — BlackRock is being viewed as weathering private‑credit stress better than peers, which helps protect management fees and AUM. Read More.
Positive Sentiment: New product push: BlackRock filed for an iShares Nasdaq‑100 ETF, signaling potential to capture flows from QQQ and spark long‑term fee growth if it gains traction. Read More.
Positive Sentiment: Street prepares for a solid Q1: several analysts revised forecasts ahead of the report, with some expecting higher Q1 earnings — a near-term earnings beat could re‑rate the shares. Read More.
Neutral Sentiment: Consensus remains mildly positive: the stock carries an average recommendation near “moderate buy,” leaving room for both upside and downside based on Q1 results and guidance. Read More.
Neutral Sentiment: Ongoing strategic moves (stake disclosures, dual‑class fund changes) are operationally notable but unlikely to drive immediate price action absent material fund flows or M&A. Read More.
Negative Sentiment: Multiple firms trimmed BlackRock price targets this week (Barclays, Jefferies, Keefe, TD Cowen, Goldman among them), signaling analyst caution on valuation and near‑term growth assumptions. That pressure likely caps upside until clearer Q1/guide signals emerge. Read More.
Negative Sentiment: Pomerantz investor‑alert investigation introduces legal/ reputational risk that could weigh on sentiment if it escalates. Read More.
Negative Sentiment: Crypto exposure: reported >$20B decline in on‑chain crypto portfolio value in Q1 (price‑driven outflows/mark losses) is a headwind to AUM and headline risk for digital asset strategies. Read More.

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.

About BlackRock

(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.