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Blackrock, Inc. - BLK STOCK NEWS

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.

News

BlackRock to Report First Quarter 2024 Earnings on April 12th

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BlackRock, Inc. (BLK) will report its first quarter 2024 earnings on April 12, 2024. The teleconference call for investors and analysts will be hosted by key executives. The earnings release and supplemental materials will be accessible on the company's website.
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Star Mountain Capital Adds Former Head of BlackRock’s $1 Trillion U.S. Wealth Business, Frank Porcelli, as Senior Advisor

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Star Mountain Capital welcomes Frank Porcelli as Senior Advisor, bringing extensive experience from BlackRock. Porcelli's background in asset management and wealth management positions him well to contribute to Star Mountain's growth and client service.
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BlackRock Launches Its First Tokenized Fund, BUIDL, on the Ethereum Network

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BlackRock launches its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund, offering investors U.S. dollar yields through Securitize Markets, The fund aims to provide benefits like on-chain offerings, transparent settlement, and interoperability between digital and traditional markets.
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BlackRock Broadens Outcomes Suite with Equity BuyWrite ETFs

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BlackRock introduces new iShares S&P 500 BuyWrite ETF (IVVW) and iShares Russell 2000 BuyWrite ETF (IWMW) to enhance monthly income through covered call strategies on US equities, providing a unique income source for investors.
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BlackRock to Acquire SpiderRock Advisors

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BlackRock (BLK) is acquiring SpiderRock Advisors to enhance its personalized separately managed accounts offerings. SMAs are a rapidly growing segment in the U.S. wealth industry, with an expected AUM growth from $2.7 trillion to $4 trillion by 2026. The acquisition aims to meet the increasing demand for customized, tax-efficient portfolios.
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BlackRock Successfully Prices $3 Billion Offering of Senior Notes

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BlackRock, Inc. (BLK) successfully priced a $3 billion debt offering with three tranches of senior unsecured notes. The offering will fund a portion of the cash consideration for the acquisition of Global Infrastructure Management, LLC. The Notes are guaranteed by BlackRock and will be subject to special mandatory redemption under certain circumstances.
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BlackRock Expands Voting Choice to Millions of U.S. Retail Shareholder Accounts

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BlackRock enables Voting Choice for $2.6 trillion in assets under management with $598 billion already adopted. Three million U.S. retail shareholder accounts in iShares Core S&P 500 ETF (IVV) benefit from this initiative.
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BlackRock Expands Commitment to DC Advisor Channel

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BlackRock appoints Carrie Schroen as Head of US DC Intermediary Business and launches the Defined Contribution Practice Management Program to support retirement plan advisors. The program aims to provide tools and resources for advisors of all sizes to meet the growing demand for personalized investment solutions in an evolving landscape.
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BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform

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BlackRock, Inc. (NYSE: BLK) has entered into an agreement to acquire Global Infrastructure Partners (GIP) for $3 billion in cash and approximately 12 million shares of BlackRock common stock. The acquisition creates a market-leading, multi-asset class infrastructure investing platform with a combined client AUM of over $150 billion. The transaction is structured for leadership continuity and alignment with BlackRock’s stockholders, and GIP’s management team will lead the combined infrastructure platform.
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BlackRock Reports Full Year 2023 Diluted EPS of $36.51, or $37.77 as Adjusted

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BlackRock, Inc. (NYSE: BLK) announces acquisition of Global Infrastructure Partners, creating a world-leading infrastructure investment platform with over $150 billion in combined infrastructure platform and $10 trillion in AUM. The company reported $289 billion of net inflows in 2023, with $96 billion in the fourth quarter, while delivering flat full-year revenue and a 2% decrease in full-year operating income. BlackRock also returned $4.5 billion to shareholders in 2023, including $1.5 billion of share repurchases, and approved a 2% increase in quarterly cash dividend to $5.10 per share.
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FAQ

What is the current stock price of Blackrock (BLK)?

The current stock price of Blackrock (BLK) is $1036.46 as of November 22, 2024.

What is the market cap of Blackrock (BLK)?

The market cap of Blackrock (BLK) is approximately 153.8B.

What does BlackRock, Inc. do?

BlackRock is a multinational investment management corporation, offering a range of financial products including equity strategies, fixed income, multi-asset classes, money market funds, and alternative investments.

When was BlackRock founded?

BlackRock was established in 1988.

How much is BlackRock's assets under management (AUM)?

As of March 2024, BlackRock manages $10.473 trillion in assets.

What is BlackRock's stance on blockchain technology?

BlackRock is investing in blockchain technology and has recently led a $47 million funding round for Securitize, a leader in tokenizing real-world assets.

Who are BlackRock's primary clients?

BlackRock primarily serves institutional clients, which account for about 80% of its managed assets.

What is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL)?

BUIDL is BlackRock’s first tokenized fund on Ethereum, allowing investors to earn yield while holding tokens on the blockchain.

How geographically diverse is BlackRock?

BlackRock serves clients in more than 100 countries, with over one-third of its managed assets coming from outside the U.S. and Canada.

What percentage of BlackRock's assets are in equity strategies?

54% of BlackRock's managed assets are in equity strategies.

Who is Joseph Chalom?

Joseph Chalom is BlackRock's Global Head of Strategic Ecosystem Partnerships and has joined Securitize's Board of Directors.

What are BlackRock's main investment products?

BlackRock’s main investment products include ETFs, equity strategies, fixed income, multi-asset classes, money market funds, and alternatives.

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Blackrock, Inc.

NYSE:BLK

BLK Rankings

#76 Ranked by Market Cap
#1383 Ranked by Dividends

BLK Stock Data

153.78B
153.48M
0.88%
81.1%
1.38%
Asset Management
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