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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 (NYSE: BLK) has successfully acquired Aperio, a leader in customized tax-optimized index equity separately managed accounts (SMAs), from Golden Gate Capital and Aperio staff. This acquisition enhances BlackRock's personalization capabilities, enabling tailored tax-managed strategies for investors based on their unique preferences. Martin Small, head of BlackRock’s U.S. Wealth Advisory, emphasized that this move transitions their offerings from 'one size fits all' to 'one size fits one,' reflecting diverse investor needs.
BlackRock, Inc. (NYSE:BLK) has announced a 14% increase in its quarterly cash dividend, raising it to $4.13 per share. This dividend will be paid on March 23, 2021, to shareholders who are on record as of the close of business on March 5, 2021. This increase reflects the company's ongoing commitment to return value to its shareholders while fostering financial well-being for its investors. BlackRock continues to position itself as a leader in financial services and technology.
BlackRock, Inc. (NYSE: BLK) announced its financial results for Q4 2020, highlighting significant growth amid challenging market conditions. The full earnings release and materials can be accessed at ir.blackrock.com/QuarterlyResults. A teleconference call will be held on January 14, 2021, at 8:30 a.m. ET, led by CEO Laurence D. Fink and CFO Gary S. Shedlin, to discuss the results. Investors can also access a live webcast and replay through the company’s investor relations page.
BlackRock (NYSE: BLK) will announce its fourth-quarter 2020 earnings on January 14, 2021, before the NYSE opening. CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will host a teleconference at 8:30 a.m. ET for investors and analysts. The earnings release and supplemental materials will be accessible on www.blackrock.com.
The teleconference will allow public participation via dial-in, and a live webcast will also be available. Replay options will open by 11:30 a.m. ET the same day.
BlackRock has rebranded three of its actively managed ETFs to enhance client navigation within its investment platform. The iShares Short Maturity Bond ETF (NEAR), iShares Short Maturity Municipal Bond ETF (MEAR), and iShares Ultra Short-Term Bond ETF (ICSH) will now be known as the BlackRock Short Maturity Bond ETF, BlackRock Short Maturity Municipal Bond ETF, and BlackRock Ultra Short-Term Bond ETF, respectively. No changes will be made to their investment objectives or expense ratios. BlackRock aims to distinguish its alpha-seeking ETFs from index-based offerings under the iShares brand.
BlackRock has launched Aladdin Climate, a groundbreaking software application designed to quantify climate risk and assist investors in navigating sustainable investment portfolios. This platform measures both physical climate risks and transition risks to a low-carbon economy, providing climate-adjusted security valuations and risk metrics. Initially available as an add-on for existing Aladdin clients, it aims to fill the gap in data needed for informed investment decisions. Enhanced by partnerships with Sustainalytics and Refinitiv, Aladdin Climate offers over 1,200 key performance indicators for better ESG risk assessment.
BlackRock (NYSE:BLK) announced that Gary S. Shedlin, CFO, will speak at the 2020 Goldman Sachs US Financial Services Conference on December 8, 2020, at approximately 3:00 p.m. ET. The presentation will be available via a live video webcast on BlackRock's website, with a replay accessible within 24 hours for three months. As of September 30, 2020, BlackRock managed about $7.81 trillion in assets globally, emphasizing its commitment to enhancing financial well-being for its clients.
BlackRock (NYSE: BLK) announced a definitive agreement to acquire Aperio for $1.05 billion in cash, enhancing its position in the customized tax-optimized index equity market. Aperio focuses on ultra-high net worth clients and has grown its assets under management to over $36 billion, with a 20% annual growth rate. The acquisition will increase BlackRock's SMA assets by roughly 30% to over $160 billion, expanding its personalization capabilities. Expected to close in Q1 2021, the deal is minimally dilutive to earnings per share.
BlackRock, Inc. (NYSE:BLK) has declared a quarterly cash dividend of $3.63 per share, payable on December 21, 2020, to shareholders of record on December 4, 2020. This move underscores the company’s commitment to returning value to its investors. As of September 30, 2020, BlackRock managed approximately $7.81 trillion in assets, continuing its role as a leading investment management firm dedicated to financial well-being.
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