Welcome to our dedicated page for Blackrock news (Ticker: BLK), a resource for investors and traders seeking the latest updates and insights on Blackrock stock.
BlackRock, Inc. (NYSE: BLK) is a leading American multinational investment management corporation based in New York City. Established in 1988, BlackRock initially focused on enterprise risk management and fixed income institutional asset management. Today, it stands as the world’s largest asset manager, boasting an impressive $10.473 trillion in assets under management (AUM) as of March 2024.
BlackRock's product portfolio is diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternative investments. The company’s passive strategies constitute around two-thirds of its long-term AUM, with its ETF platform holding a leading share in both domestic and global markets.
The firm primarily serves institutional clients, which account for approximately 80% of its AUM. Geographically, BlackRock is well-diversified, catering to clients in more than 100 countries, with over one-third of its managed assets coming from outside the United States and Canada.
One of BlackRock’s notable recent achievements includes leading a $47 million funding round for Securitize, a pioneer in tokenizing real-world assets using blockchain technology. This strategic investment underscores BlackRock’s commitment to driving innovation in digitizing capital markets. BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has joined Securitize's Board of Directors, further solidifying this partnership.
Additionally, BlackRock has launched its first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund allows investors to earn yield by holding tokens on the blockchain, with investments in cash, U.S. Treasury bills, and repurchase agreements. Investors can transfer their tokens at any time to other pre-approved investors, promoting liquidity and flexibility.
BlackRock continues to enhance its digital assets strategy and remains committed to meeting future client needs through innovative solutions. As the company ventures further into blockchain technology and tokenization, it aims to stay at the forefront of transforming the financial landscape.
BlackRock has launched the iShares Large Cap Accelerated ETF (TWOX), expanding its outcome-oriented ETF suite. The new ETF aims to provide approximately twice the upside price return of the iShares Core S&P 500 ETF (IVV) up to an approximate cap of 5.82%, while tracking IVV's downside price return when held for an entire outcome period.
The outcome-oriented ETFs market has grown significantly from $5bn to over $160bn in the past five years. TWOX represents BlackRock's first accelerated return-focused strategy, designed to help investors seek enhanced returns in a moderate growth environment. The ETF combines an underlying ETF with options to create an 'acceleration zone' for higher return potential.
The fund has an expense ratio of 0.53% (gross) and 0.50% (net), with a fee waiver in effect until November 2030. The outcome period resets quarterly, during which the cap will adjust according to market conditions.
BlackRock (NYSE: BLK) reported strong financial results for Q4 and full year 2024, with record-breaking performance across key metrics. The company achieved $11.6 trillion in AUM, driven by record net inflows of $641 billion for the full year, including $281 billion in Q4.
Full-year revenue increased 14% to over $20 billion, while operating income grew 21% (23% as adjusted). The company reported full-year diluted EPS of $42.01, or $43.61 as adjusted, marking a 15% increase. BlackRock maintained strong shareholder returns, distributing $4.7 billion to shareholders, including $1.6 billion in share repurchases.
The company's strategic expansion continued with the GIP transaction completion and planned acquisitions of HPS Investment Partners and Preqin. These moves are expected to enhance private markets capabilities, with HPS adding approximately $220 billion in pro-forma client assets. The company achieved a 44.5% adjusted operating margin, up 280 basis points from 2023.
BlackRock's LifePath Paycheck™ has emerged as the fastest-growing lifetime income target-date strategy in the defined contribution market, accumulating $16B in assets under management since its April 2024 launch. The solution, now implemented across six employer retirement plans including Avangrid, Adventist HealthCare, Tennessee Valley Retirement System, and BlackRock itself, provides guaranteed lifetime income options to over 200,000 eligible U.S. workers.
The program allows plan participants to access guaranteed income starting at age 59½ through annuity contracts issued by Equitable and Brighthouse Financial. The solution is available on Fidelity Investments and Bank of America platforms, with Voya Financial planning to add support. Notably, the solution addresses a critical need, as BlackRock's Read on Retirement® survey reveals that 60% of workers worry about outliving their retirement savings, and 99% value guaranteed retirement income.
BlackRock (NYSE: BLK) has announced it will release its fourth quarter 2024 earnings before the New York Stock Exchange opens on Wednesday, January 15, 2025. The company will host a teleconference call for investors and analysts at 7:30 a.m. ET, led by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small.
The earnings release and supplemental materials will be available on BlackRock's investor relations website before the call. Interested participants can join via phone using specific dial-in numbers or access a live webcast through the investor relations section. A replay of the webcast will be accessible from 10:30 a.m. ET on the same day.
BlackRock (NYSE:BLK) has released its 2025 Private Markets Outlook, projecting sector growth from $13 trillion today to over $20 trillion by 2030. The report highlights key trends across private debt, infrastructure, private equity, and real estate.
Private debt, currently at $1.6 trillion AUM, represents 10% of alternative investments, with significant growth potential in asset-backed finance. Infrastructure investments are expected to benefit from AI developments, with data center capex projected to exceed $1.5 trillion by 2030. Private equity saw a 21% jump in deal activity, exceeding pre-pandemic averages by 45%. Real estate is entering a new cycle with improved sentiment and opportunities in Asia-Pacific markets.
The outlook emphasizes AI-driven opportunities, increased M&A and IPO activity, and growing demand for long-term capital across all client segments, particularly retail wealth.
BlackRock has launched the iShares International Country Rotation Active ETF (CORO), expanding its active ETF lineup. The fund is managed by Lisa O'Connor, Michael Gates, Michele Freed, and Jonathan Adams, leveraging insights from BlackRock's Model Portfolio Solutions (MPS) team to dynamically allocate across international developed and emerging markets.
CORO aims to capture additional alpha by investing in iShares country ETFs and responding to changes in economic cycles across international markets. The strategy is backed by MPS, which oversees $178 billion in assets globally and employs over 20 research and portfolio management professionals. The fund uses the MSCI ACWI ex-US Index as its performance benchmark.
BlackRock currently manages $34 billion across more than 40 active ETFs in the U.S.
BlackRock (NYSE: BLK) has announced the acquisition of HPS Investment Partners for approximately $12 billion, paid entirely in BlackRock equity. HPS, a global credit investment manager with $148 billion in client assets, will combine with BlackRock to create an integrated private credit franchise managing ~$220 billion. The transaction is expected to increase private markets fee-paying AUM and management fees by 40% and ~35%, respectively. The deal, expected to close in mid-2025, will unite BlackRock's $3 trillion public fixed income business with HPS's private credit capabilities. The combined entity aims to provide comprehensive public and private income solutions, positioning BlackRock to capitalize on the private debt market's projected growth to $4.5 trillion by 2030.
BlackRock (NYSE:BLK) has announced that Chief Financial Officer Martin S. Small will be presenting at the 2024 Goldman Sachs US Financial Services Conference. The presentation is scheduled for December 10th, 2024, at approximately 2:20 p.m. ET.
A live webcast of the presentation will be available through BlackRock's website in the 'Investor Relations' section. The replay will be accessible within 24 hours after the presentation and remain available for three months on the company's website.
BlackRock (NYSE:BLK) has announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock. The dividend will be payable on December 23, 2024, to shareholders of record at the close of business on December 5, 2024.
BlackRock (NYSE: BLK) has elected Bayo Ogunlesi to its Board of Directors as a non-independent director following BlackRock's acquisition of Global Infrastructure Partners (GIP) in October 2024. Ogunlesi, the Founding Partner, Chairman and CEO of GIP, joins as a Senior Managing Director at BlackRock. With this appointment, BlackRock's Board will comprise 17 members, including 14 independent directors. Prior to founding GIP in 2006, Ogunlesi spent 23 years at Credit Suisse in various senior positions, including Executive Vice Chairman and Chief Client Officer of its Investment Banking Division.
FAQ
What is the current stock price of Blackrock (BLK)?
What is the market cap of Blackrock (BLK)?
What does BlackRock, Inc. do?
When was BlackRock founded?
How much is BlackRock's assets under management (AUM)?
What is BlackRock's stance on blockchain technology?
Who are BlackRock's primary clients?
What is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL)?
How geographically diverse is BlackRock?
What percentage of BlackRock's assets are in equity strategies?
Who is Joseph Chalom?
What are BlackRock's main investment products?
