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 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.
BlackRock Real Assets has acquired the remaining 20% stake in Distributed Solar Development (DSD) from GE Renewable Energy, resulting in full ownership of DSD. This acquisition strengthens BlackRock's presence in the commercial and industrial solar sector in the U.S. and allows for increased investment in renewable energy projects. The Global Renewable Power II Fund, through which the acquisition was made, now fully commits to 16 investments across over 150 projects globally. BlackRock's renewable power platform includes over $6.5 billion invested in solar and wind projects worldwide.
BlackRock (NYSE: BLK) announced stock splits for eleven iShares funds, effective for shareholders of record as of December 2, 2020, with pay dates set after December 4, 2020. The splits will adjust the share price lower and increase outstanding shares without affecting the total value. Key funds include the iShares Aerospace & Defense ETF (ITA) and iShares U.S. Technology ETF (IYW), both undergoing a 2-for-1 split, among others. As of September 30, 2020, BlackRock managed approximately $7.81 trillion in assets globally.
BlackRock, Inc. (NYSE: BLK) announced its financial results for Q3 2020, managing approximately $7.81 trillion in assets as of September 30, 2020. The earnings release can be accessed via their investor relations website. A teleconference will be held on October 13, 2020, at 8:30 a.m. ET for investors and analysts, with a replay available until October 27, 2020. The firm continues to focus on improving financial well-being for its clients through innovative financial solutions.
BlackRock is expanding its Megatrend suite with four new ETFs to meet rising investor demand for innovative strategies. The active transparent ETFs include the BlackRock Future Health ETF (NYSE:BMED), BlackRock Future Tech ETF (NYSE:BTEK), and BlackRock Future Innovators ETF (NYSE:BFTR), targeting healthcare and tech innovation. Additionally, the iShares Virtual Work and Life Multisector ETF (NYSE:IWFH) aims to capture trends in remote working. Armando Senra noted that the megatrend category could grow 500% to $250 billion by 2024, reflecting shifting economic activities.
BlackRock, Inc. (NYSE: BLK) will announce its third quarter 2020 earnings on October 13, 2020, before the NYSE opens. A teleconference for investors, led by CEO Laurence D. Fink, will occur at 8:30 a.m. ET. Earnings release materials will be accessible on BlackRock's investor relations site. Public participation is encouraged through teleconference or a live webcast. Replay access will be provided from 11:30 a.m. ET on the same day until October 27, 2020. As of June 30, 2020, BlackRock managed approximately $7.32 trillion in assets globally.
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