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.
LOS ANGELES – MACRO, a multi-platform media company founded by Charles D. King, announced a successful completion of a minority investment exceeding $90 million. The investment round was led by BlackRock Alternatives through the
BlackRock (NYSE:BLK) announced that President Robert S. Kapito will address the 2023 Bank of America Securities Financial Services Conference in New York on February 16, 2023, starting at 8:00 a.m. ET. The presentation will be available via live webcast on BlackRock's website, with a replay accessible within 24 hours for three months. BlackRock aims to enhance financial well-being for its investors by offering accessible and affordable investment solutions, positioning itself as a fiduciary and a leading financial technology provider.
BlackRock Alternatives has acquired a majority stake in Alacrity Solutions, a leader in insurance claims management. Alacrity, backed by Kohlberg & Company, services over 300 clients, processing 2.8 million claims annually. The acquisition aims to leverage BlackRock's collaborative approach to enhance Alacrity's growth and service offerings. With a strong management team and a history of 16 strategic acquisitions, Alacrity is well-positioned in the $318 billion alternative investment space managed by BlackRock. The financial terms of the transaction have not been disclosed.
BlackRock, Inc. (NYSE:BLK) has announced a 2.5% increase in its quarterly cash dividend, raising it to $5.00 per share, payable on March 23, 2023, to shareholders of record by March 7, 2023. Additionally, the Board has authorized the repurchase of up to 7 million shares under its existing repurchase program, bringing the total authorization to approximately 7.9 million shares. This move signals BlackRock's commitment to returning value to shareholders and reflects confidence in the company's financial health.
BlackRock, Inc. (NYSE: BLK) reported its fourth quarter financial results for 2022, highlighting its commitment to helping people achieve financial well-being. The company will host a teleconference for investors on January 13, 2023, at 8:30 a.m. ET, where Chairman Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will provide insights into their performance. The webcast will also be available for replay later that day.
For further information, visit ir.blackrock.com/QuarterlyResults.
BlackRock, Inc. (NYSE: BLK) will report its fourth quarter 2022 earnings on January 13, 2023, before the New York Stock Exchange opens. Key executives, including Chairman and CEO Laurence D. Fink, will host a teleconference for analysts and investors at 8:30 a.m. ET. The earnings release and supplemental materials will be accessible via BlackRock's website. A live webcast will also be available, with a replay starting at 11:30 a.m. ET on the same day.
BlackRock (NYSE:BLK) announced that its CFO, Gary S. Shedlin, will speak at the Goldman Sachs US Financial Services Conference on December 6, 2022, at approximately 3:00 p.m. ET. A live video webcast will be available on www.blackrock.com, with a replay accessible within 24 hours for three months. BlackRock aims to promote financial well-being by making investing easier and more affordable.
BlackRock, Inc. (NYSE:BLK) has declared a quarterly cash dividend of $4.88 per share, payable on December 23, 2022, to shareholders who are on record as of the close of business on December 7, 2022. This dividend underscores BlackRock's commitment to providing returns to its investors and enhancing financial well-being.
New Hanover Community Endowment (NHCE) has appointed BlackRock as its investment advisor to manage approximately $1.1 billion in assets. This partnership aims to enhance fiduciary oversight and align investments with NHCE’s long-term objectives. NHCE CEO William Buster emphasized the commitment to improving the lives of New Hanover residents, while BlackRock's expertise will help navigate current market challenges. The planned investment portfolio will be diversified across major asset classes, supporting NHCE’s goal of impactful community solutions.
BlackRock has announced the addition of the iShares Core Dividend ETF (Cboe: DIVB) to its iShares Core ETF lineup, reducing its management fee from 0.25% to 0.05%. This positions DIVB as the lowest-cost dividend ETF in the U.S., with a fee of just 5bps. BlackRock aims to provide affordable investment options for clients seeking diversified income strategies, especially in inflationary environments. The launch aligns with BlackRock's ongoing commitment to investment affordability, having saved investors
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?
