Blackrock Stock Price, News & Analysis

BlackRock has announced the final results of tender offers for two of its closed-end funds: BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Resources & Commodities Strategy Trust (BCX). Each fund offered to purchase up to 2.5% of its outstanding common shares. The tender offers, which expired on May 19, 2025, were oversubscribed for both funds.

For BOE, 12,288,978 shares were tendered, with 1,425,644 shares to be purchased at $11.8776 per share (98% of NAV) with a pro-ration factor of 0.11614930. For BCX, 14,138,859 shares were tendered, with 1,954,822 shares to be purchased at $9.7314 per share with a pro-ration factor of 0.13831200. Payments are expected within five business days after the expiration date.

BlackRock has announced the preliminary results of tender offers for two of its closed-end funds: BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Resources & Commodities Strategy Trust (BCX). Each fund offered to repurchase up to 2.5% of its outstanding common shares. The tender offers were significantly oversubscribed, with BOE receiving tenders for 12,288,978 shares against 1,425,644 shares offered, and BCX receiving 14,138,859 shares versus 1,954,822 shares offered. The purchase price will be 98% of each Fund's NAV as of May 20, 2025. Due to oversubscription, shares will be purchased on a prorated basis, with final results expected to be announced around May 20, 2025.

BlackRock (NYSE: BLK) has announced it will host its 2025 Investor Day on Thursday, June 12th, 2025. The event will run from approximately 8:00am to 2:00pm EDT. Interested parties can access the event through a live video webcast on BlackRock's website at www.blackrock.com. A replay of the event will be made available on the website after the event concludes. For any inquiries regarding the Investor Day, participants can contact BlackRock's Investor Relations team at invrel@blackrock.com.

BlackRock (NYSE:BLK) has announced a quarterly cash dividend of $5.21 per share of common stock. The dividend will be paid on June 23, 2025, to shareholders who are recorded as stockholders at the close of business on June 5, 2025. This dividend declaration demonstrates BlackRock's commitment to returning value to shareholders through regular dividend payments.

BlackRock (NYSE: BLK) announced its financial results for the first quarter of 2025. The company has made its earnings release and supplemental materials accessible through their investor relations website at ir.blackrock.com/quarterlyresults.

A teleconference call for investors and analysts will be hosted by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small at 7:30 a.m. ET. Interested participants can dial (786) 460-7166 from the United States or (877) 502-9276 from international locations.

A live webcast will be available through BlackRock's investor relations website, with a replay accessible by 10:30 a.m. ET on Friday, April 11, 2025.

Envestnet and BlackRock (NYSE: BLK) have launched custom model portfolios for registered investment advisors (RIAs), announced at the Elevate conference in Las Vegas. The collaboration combines BlackRock's portfolio design expertise with Envestnet's UMA technology, enabling RIAs to deliver personalized, tax-efficient investment strategies.

The offering will include traditional ETFs and mutual funds, with plans to incorporate SMAs, private markets, and alternative exposures. BlackRock, currently managing approximately $300 billion in model portfolio assets globally, projects managed model portfolios to grow from $5 trillion to $10 trillion in the next four years.

This enhancement builds upon a decade-long partnership between the companies, providing institutional-quality portfolios without added costs. According to Envestnet's 2022 research, firms allocating over 75% of their practice to model portfolios achieve higher valuations.

BlackRock (NYSE: BLK) has scheduled its first quarter 2025 earnings release for Friday, April 11, 2025, before the New York Stock Exchange opens. The company will host a teleconference call at 7:30 a.m. ET, featuring Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small.

Investors and analysts can participate by dialing (786) 460-7166 from the United States or (877) 502-9276 internationally, using Conference ID 1750946. A live webcast will be available through BlackRock's investor relations website, with a replay accessible by 10:30 a.m. ET the same day.

BlackRock (NYSE: BLK) has nominated two new independent directors to its Board: Gregory J. Fleming, CEO of Rockefeller Capital Management, and Kathleen Murphy, former President of Personal Investing at Fidelity Investments, for election at the 2025 Annual Meeting.

Fleming, who previously served on BlackRock's Board from 2006 to 2009, brings expertise in building and scaling financial services businesses. Murphy offers deep understanding of individual investors' needs, particularly in retirement savings. Marco Antonio Slim Domit will not seek re-election, while Murry S. Gerber has been asked to continue as Lead Independent Director for an additional year.

The nominations come as BlackRock integrates recent acquisitions, including Global Infrastructure Partners, Preqin, and the planned acquisition of HPS Investment Partners. If all nominees are elected, BlackRock's Board will comprise 18 members, including 15 independent directors, with six new directors since 2020.

BlackRock (NYSE: BLK) has launched a groundbreaking customizable public-private model portfolio within a Unified Managed Account (UMA), powered by GeoWealth's UMA technology and iCapital's capabilities. This marks the first-ever customizable model portfolio combining private and public market assets in a UMA with streamlined administration.

BlackRock, a leading model provider with approximately $300 billion in model assets globally, expects managed model portfolios to grow from $5 trillion to $10 trillion in the next four years. The company's custom models business has attracted $50 billion in new assets over the past 5 years, representing its fastest-growing models segment.

The U.S. Wealth Advisory business generates a quarter of BlackRock's revenues in 2024, with this new initiative aimed at simplifying advisors' ability to allocate across public and private markets in unified, professionally managed portfolios.