BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.
IPO Year: 1999
Exchange: NYSE
Website: blackrock.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $1000.00 | Overweight | Wells Fargo |
| 8/27/2024 | $985.00 | Overweight | Barclays |
| 1/16/2024 | $819.00 → $938.00 | Market Perform → Outperform | TD Cowen |
| 12/15/2023 | $708.00 | Overweight → Neutral | JP Morgan |
| 12/12/2023 | $885.00 | Neutral → Outperform | Exane BNP Paribas |
| 7/10/2023 | $770.00 → $835.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/3/2023 | $780.00 → $770.00 | Overweight | JP Morgan |
| 5/19/2023 | $750.00 | Buy | Citigroup |
| 12/15/2022 | $820.00 | Overweight | Wells Fargo |
| 10/19/2022 | $540.00 | Neutral | Credit Suisse |
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SCHEDULE 13G/A - BlackRock, Inc. (0002012383) (Filed by)
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4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
4 - BlackRock, Inc. (0002012383) (Issuer)
Wells Fargo initiated coverage of BlackRock with a rating of Overweight and set a new price target of $1,000.00
Barclays initiated coverage of BlackRock with a rating of Overweight and set a new price target of $985.00
TD Cowen upgraded BlackRock from Market Perform to Outperform and set a new price target of $938.00 from $819.00 previously
JP Morgan downgraded BlackRock from Overweight to Neutral and set a new price target of $708.00
Exane BNP Paribas upgraded BlackRock from Neutral to Outperform and set a new price target of $885.00
Keefe Bruyette upgraded BlackRock from Mkt Perform to Outperform and set a new price target of $835.00 from $770.00 previously
JP Morgan reiterated coverage of BlackRock with a rating of Overweight and set a new price target of $770.00 from $780.00 previously
Citigroup initiated coverage of BlackRock with a rating of Buy and set a new price target of $750.00
Wells Fargo initiated coverage of BlackRock with a rating of Overweight and set a new price target of $820.00
Credit Suisse initiated coverage of BlackRock with a rating of Neutral and set a new price target of $540.00
TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the February 2025 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis as well as XIU. Unitholders of record of a fund on February 25, 2025 will receive cash distributions payable in respect of that fund on February 28, 2025. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per UnitiShares 1-10 Year Laddered Corporate Bond Index ETFCBH$0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0
Marks completion of the conversion of the BlackRock High Yield Municipal Fund into the iShares High Yield Muni Active ETF Today, BlackRock announced the conversion of the BlackRock High Yield Municipal Fund into an active ETF, creating the iShares® High Yield Muni Active ETF (CBOE: HIMU). HIMU harnesses the expertise of BlackRock's Municipal Bond Group to provide more choice and flexibility to clients seeking high yield, tax-exempt solutions in the convenience of an ETF. "Today's higher interest rate environment provides a generational opportunity to capture income, particularly in the municipal bond market," said Pat Haskell, Head of the Municipal Bond Group at BlackRock. "Through the
Funds combine the stability of money market funds with the simplicity and convenience of the ETF wrapper Today, BlackRock expanded the way investors can manage their cash with the launch of two money market ETFs, including the industry's first prime money market ETF. The iShares Money Market ETFs - the iShares Prime Money Market ETF (NYSE: PMMF) and the iShares Government Money Market ETF (NYSE: GMMF) - combine the quality and liquidity of regulated money market funds with the transparency and efficiency of the ETF structure. "Cash is a fundamental building block of investor portfolios, providing stability and liquidity," said Jon Steel, Global Head of Product and Platform of BlackRock'
The new fund aims to increase investor access to harder-to-reach fixed income sectors Today, BlackRock expanded its active ETF platform with the launch of the iShares BBB-B CLO Active ETF ((BCLO). The ETF leverages the expertise of BlackRock's CLO team to provide access to a hard-to-reach asset class in the convenience and efficiency of an ETF. "CLOs present one of the most compelling opportunities in fixed income today, offering lower correlation to traditional fixed income assets and the potential for higher yields," said Saffet Ozbalci, Global Head of Structured Credit at BlackRock. "In the convenience of an ETF, BCLO aims to generate income and capture alpha opportunities, driven by
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors approved a 2% increase in the quarterly cash dividend to $5.21 per share of common stock, payable March 24, 2025 to shareholders of record at the close of business on March 7, 2025. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate. View source version on businesswire.com: https://www.
BlackRock, Inc. (NYSE:BLK) today announced that Martin S. Small, Chief Financial Officer, is scheduled to speak at the 2025 Bank of America Securities Financial Services Conference on February 11th, 2025, beginning at approximately 9:40 a.m. ET. A live webcast will be accessible via the "Investor Relations" section of BlackRock's website, www.blackrock.com. A replay of the webcast will be available within 24 hours of the presentation and will remain accessible through the Company's website for three months. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we he
TORONTO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final January 2025 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on January 28, 2025 will receive cash distributions payable on January 31, 2025. Details regarding the final "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per UnitiShares Premium Money Market ETFCMR$0.145 Further information on the iShares ETFs can be found at http://www.blackrock.com/ca. About BlackRock BlackRock's purpose is to help more and mor
TORONTO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the January 2025 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada, which pay on a monthly basis. Unitholders of record of a fund on January 28, 2025, will receive cash distributions payable in respect of that fund on January 31, 2025. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCashDistribution Per UnitiShares 1-10 Year Laddered Corporate Bond Index ETFCBH$0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0.0
The iShares Large Cap Accelerated ETF (TWOX) aims to boost return potential up to an approximate cap of 5.82% Simplifies access to a sophisticated accelerated return strategy through the ETF wrapper The outcome-oriented ETFs space has seen exponential growth from $5bn to over $160bn in the past five years as more investors seek differentiated outcomes through the liquidity and transparency of ETFs.1 This market has also witnessed significant progress in product innovation. Today, BlackRock expands its outcome-oriented product suite with the launch of the iShares Large Cap Accelerated ETF (CBOE:TWOX) to help investors seek enhanced returns up to an approximate cap ("the cap") as represen
BlackRock, Inc. (NYSE:BLK) today reported financial results for the three months and year ended December 31, 2024. $11.6 trillion in AUM following a record $641 billion of full year net inflows, including $281 billion in the fourth quarter 14% increase in full year revenue driven by the positive impact of markets on average AUM, organic base fee growth, and fees on AUM acquired in the GIP Transaction, as well as higher performance fees and technology service revenue 21% increase in full year operating income (23% as adjusted) 15% increase in full year diluted EPS also reflects lower nonoperating income and a higher effective tax rate in the current year $4.7 billion returned to sh
TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the February 2025 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis as well as XIU. Unitholders of record of a fund on February 25, 2025 will receive cash distributions payable in respect of that fund on February 28, 2025. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per UnitiShares 1-10 Year Laddered Corporate Bond Index ETFCBH$0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors approved a 2% increase in the quarterly cash dividend to $5.21 per share of common stock, payable March 24, 2025 to shareholders of record at the close of business on March 7, 2025. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate. View source version on businesswire.com: https://www.
TORONTO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the January 2025 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada, which pay on a monthly basis. Unitholders of record of a fund on January 28, 2025, will receive cash distributions payable in respect of that fund on January 31, 2025. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCashDistribution Per UnitiShares 1-10 Year Laddered Corporate Bond Index ETFCBH$0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0.0
The iShares Large Cap Accelerated ETF (TWOX) aims to boost return potential up to an approximate cap of 5.82% Simplifies access to a sophisticated accelerated return strategy through the ETF wrapper The outcome-oriented ETFs space has seen exponential growth from $5bn to over $160bn in the past five years as more investors seek differentiated outcomes through the liquidity and transparency of ETFs.1 This market has also witnessed significant progress in product innovation. Today, BlackRock expands its outcome-oriented product suite with the launch of the iShares Large Cap Accelerated ETF (CBOE:TWOX) to help investors seek enhanced returns up to an approximate cap ("the cap") as represen
BlackRock, Inc. (NYSE:BLK) today reported financial results for the three months and year ended December 31, 2024. $11.6 trillion in AUM following a record $641 billion of full year net inflows, including $281 billion in the fourth quarter 14% increase in full year revenue driven by the positive impact of markets on average AUM, organic base fee growth, and fees on AUM acquired in the GIP Transaction, as well as higher performance fees and technology service revenue 21% increase in full year operating income (23% as adjusted) 15% increase in full year diluted EPS also reflects lower nonoperating income and a higher effective tax rate in the current year $4.7 billion returned to sh
BlackRock, Inc. (NYSE:BLK) today announced that it will report fourth quarter 2024 earnings prior to the opening of the New York Stock Exchange on Wednesday, January 15, 2025. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock's earnings release and supplemental materials will be available via the investor relations section of www.blackrock.com, before the teleconference call begins. Teleconference and Webcast Details Members of the public who are interested in participating in the teleconference should dial, from the Unite
TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final annual reinvested capital gains distributions for the iShares ETFs listed on the TSX or Cboe Canada for the 2024 tax year. The distributions are for the annual non-cash capital gains distributions, which are typically reinvested in additional units of the respective funds at the year-end, and do not include ongoing monthly, quarterly, semi-annual, or annual cash distribution amounts. The additional units will be immediately consolidated with the previously outstanding units such that t
TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final December cash distributions for the iShares ETFs listed on the TSX or Cboe Canada. Unitholders of record of a fund on December 30, 2024 will receive cash distributions payable in respect of that fund on January 3, 2025. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per UnitiShares 1-10 Year Laddered Corporate Bond Index ETFCBH$0.04900iShares 1-5 Year Laddered Corporate Bond Index ETFCBO$0.05000iShares S&P/TSX Canadian Divide
TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the estimated December cash distributions for the iShares ETFs listed on the TSX or Cboe Canada. Unitholders of record of a fund on December 30, 2024 will receive cash distributions payable in respect of that fund on January 3, 2025. BlackRock Canada expects to issue a press release on or about December 27, 2024, which will provide the final amounts for all funds. The Estimated Cash Distribution Per Unit is subject to change. For example, the Estimated Cash Distribution Per Unit is expected to increas
TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the estimated annual reinvested capital gains distributions for the iShares ETFs listed on the TSX or Cboe Canada for the 2024 tax year. Please note that these are estimated amounts only as of December 15, 2024 and could change if the iShares Funds experience subscriptions or redemptions prior to the ex-dividend date or due to other factors. These estimates are for the annual non-cash capital gains distributions, which are typically reinvested in additional units of the respective funds at
Appoints Carrie Schroen to Lead Dedicated Team Focused on Next Phase of Growth Launches Digital Hub Serving Defined Contribution Advisors BlackRock today announced two major developments supporting the growth and advancement of defined contribution (DC) advisors. First, BlackRock has appointed Carrie Schroen as Head of US DC Intermediary Business, a newly created role, effective January 15, joining the already established leadership team for the business. Schroen most recently served as a national sales manager within BlackRock's U.S. Wealth Advisory team and brings more than 20 years of experience working with financial advisors, including starting her career as an advisor herself. S
FREYR Battery (NYSE:FREY) ("FREYR" or the "Company"), a developer of clean, next-generation battery cell production capacity, has announced the appointment of Jessica Wirth Strine to FREYR's Board of Directors. Jessica Wirth Strine, a U.S.-based executive with prior experience as a portfolio manager at BlackRock Inc. (NYSE:BLK) and Vanguard Investments, is joining FREYR's Board of Directors effective immediately. Strine is the Chief Executive Officer and Managing Partner of Sustainable Governance Partners LLC, an independent corporate advisory firm that she co-founded in 2020. In this capacity, she provides strategic counsel to public companies with a focus on corporate governance, sustai
New Hanover Community Endowment (NHCE) today announced the appointment of BlackRock as its investment advisor and manager in the oversight of approximately $1.1 billion in community endowment assets. The partnership between the two organizations, combining BlackRock's investment expertise and the forward-looking vision of NHCE's leadership and Investment Committee, will strengthen fiduciary oversight and help ensure endowment assets are invested in line with NHCE's investment policy and long-term objectives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221026005299/en/ "Our partnership with BlackRock is a crucial step in our pl
TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) and manager of the iShares Gold Bullion ETF (“CGL”) and iShares Silver Bullion ETF (“SVR”, and together with CGL, the “iShares Funds”), is pleased to announce the appointment of new custodians for the iShares Funds following the unitholder approved changes to the investment restrictions of each iShares Fund previously announced on November 6, 2020 and December 18, 2020. BlackRock Canada has appointed CIBC Mellon Trust Company (“CIBC Mellon”) to act as bullion custodian for the iShares Funds and State Str