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 |
---|---|---|---|
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 |
10/11/2022 | $700.00 → $585.00 | Buy → Neutral | UBS |
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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
UBS downgraded BlackRock from Buy to Neutral and set a new price target of $585.00 from $700.00 previously
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
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Nine spot Ethereum ETFs began trading on US exchanges Tuesday, marking another milestone in the mainstream adoption of digital assets. What Happened: This launch comes just six months after the debut of spot Bitcoin ETFs in the United States, which have already accumulated over $54 billion in assets under management. The new ETH ETFs, offered by major financial players including BlackRock (NYSE:BLK), Fidelity, Grayscale, and others, are now available on the Cboe (BATS:CBOE), NYSE Arca, and Nasdaq exchanges. Grayscale’s Ethereum Mini Trust stands out with the lowest fee of 0.15% and is set to start with approximately $1 billion in assets. In the early hours of trading, the newly l
Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton, has selected Aladdin® by BlackRock to unify its investment management technology platform across public market asset classes.Aladdin is a comprehensive technology solution that supports the entire investment management process across multiple asset classes and will also aid in the simplification of Franklin Templeton's operation and reduction of long-term capital expenses. Its distinctive features will enable Franklin Templeton to meet the diverse needs of its specialist investment managers and further support its growth initiatives.
- Reuters
BlackRock’s(NYSE:BLK) tokenized fund BUIDL (BlackRock USD Institutional Digital Liquidity Fund) has ammassed more than $500 million in assets under management (AUM) in three months, according to a new report. What Happened: The research report by Digift shows that as of July 9, 2024, the fund’s AUM reached $502.8 million, held across 17 addresses. BUIDL, issued on the Ethereum (CRYPTO: ETH) blockchain as an ERC20 token, allows Web3 institutions to access real-world returns without navigating complex on-and-off ramp processes. BlackRock’s collaboration with key Web3 players such as Securitize, Circle (CRYPTO: USDC), and Ondo Finance (CRYPTO: ONDO) has been instrumental in bringing t
$800 million aggregate principal amount of 4.600% Notes due 2027 $500 million aggregate principal amount of 4.900% Notes due 2035 $1.20 billion aggregate principal amount of 5.350% Notes due 2055 BlackRock intends to use the net proceeds of the offering to fund a portion of the cash consideration for BlackRock's proposed acquisition of Preqin Holding Limited ("Preqin" and the "Preqin Transaction").
BlackRock, Inc. (NYSE:BLK) is selling $2.5 billion in U.S. investment-grade bonds to help pay for its $3.2 billion acquisition of private-markets data company Preqin. What Happened: According to Bloomberg, citing an anonymous source, BlackRock Funding plans to sell the notes in three tranches. The longest part of the deal matures in 30 years. It expects to yield one percentage point above Treasuries. BlackRock did not immediately respond to Benzinga’s request for comment on the reported transaction. BlackRock agreed to acquire London-based Preqin as part of an effort to grow its presence in private-markets investing. In January, the firm spent $12.5 billion to take over Global In
BlackRock (NYSE:BLK) has outperformed the market over the past 20 years by 5.32% on an annualized basis producing an average annual return of 13.89%. Currently, BlackRock has a market capitalization of $124.90 billion. Buying $1000 In BLK: If an investor had bought $1000 of BLK stock 20 years ago, it would be worth $13,582.59 today based on a price of $842.80 for BLK at the time of writing. BlackRock's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
Citigroup analyst William Katz maintains BlackRock (NYSE:BLK) with a Buy and raises the price target from $920 to $930.
Deutsche Bank analyst Brian Bedell maintains BlackRock (NYSE:BLK) with a Buy and lowers the price target from $924 to $912.
Evercore ISI Group analyst Glenn Schorr maintains BlackRock (NYSE:BLK) with a Outperform and raises the price target from $910 to $920.
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Firms to launch first-of-its-kind model portfolio solution streamlining retail wealth access to private equity, private credit, and real assets Will enable advisors to deliver a one-stop multi-private markets portfolio managed by two global asset managers Positions BlackRock and Partners Group to capture accelerating growth in private markets and managed models BlackRock (NYSE:BLK) and Partners Group (SIX: PGHN) have teamed up to launch a multi-private markets models solution set to transform how retail investors access alternative investments. The solution will provide access to private equity, private credit and real assets in a single portfolio – currently not available to the U.S
TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final August 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on August 27, 2024 will receive cash distributions payable on August 30, 2024. Details regarding the final "per unit" distribution amounts are as follows: Fund NameFund Ticker Cash Distribution Per Unit ($) iShares Premium Money Market ETFCMR0.198 Further information on the iShares ETFs can be found at http://www.blackrock.com/ca. About BlackRockBlackRock's purpose is to help more and more p
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the August 2024 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 August 27, 2024 will receive cash distributions payable in respect of that fund on August 30, 2024. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per Unit ($)iShares 1-10 Year Laddered Corporate Bond Index ETFCBH0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO0.050
BlackRock announced today the planned termination of the iShares® iBonds® Oct 2024 Term TIPS ETF (IBIA), which possesses the following timelines for trading, net-asset value (NAV) calculation and expected liquidation: Ticker Fund name Exchange Last day of trading Final NAV calculation date Liquidation date IBIA iShares® iBonds® Oct 2024 Term TIPS ETF NYSE Arca 10/15/2024 10/15/2024 10/18/2024 iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. Leading up to the ETF's final distribution date, the bonds held by the iBonds ETF matures, and the ETF transitio
Series B funding led by Decarbonization Partners will support Guidewheel in scaling its AI-powered FactoryOps platform to empower the world's factories to cost-effectively drive both financial and sustainability goals Guidewheel, the leader in AI-powered FactoryOps, raised an oversubscribed $31 million Series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek. Ecolab, Rethink Impact, and GSBackers also participated in this round, alongside existing investors Greycroft and Breakthrough Energy Ventures (BEV), among others. Guidewheel provides the first way to bring AI to the factory floor at scale—every machine, in every factory. Inspired by the u
TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final July 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on July 26, 2024 will receive cash distributions payable on July 31, 2024. Details regarding the final "per unit" distribution amounts are as follows: Fund NameFund Ticker Cash Distribution Per Unit ($) iShares Premium Money Market ETFCMR0.200 Further information on the iShares ETFs can be found at http://www.blackrock.com/ca. About BlackRockBlackRock's purpose is to help more and more people experi
Funding to fuel continued investment in GeoWealth's proprietary unified technology platform, supporting a wide array of investment use cases for RIAs GeoWealth, a proprietary technology and turnkey asset management platform (TAMP), today announced that it has closed a $18 million growth investment led by BlackRock (NYSE:BLK). GeoWealth will use the funding to support the continued development of offerings that enable advisors to meet client demand for access to an increasingly broad range of asset types in a unified account. Kayne Anderson Growth Capital, the dedicated growth capital strategy of Kayne Anderson, which led GeoWealth's Series B funding in 2021, participated in the round, as
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable September 23, 2024 to shareholders of record at the close of business on September 9, 2024. 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.busines
BlackRock's iShares Ethereum Trust ETF (ETHA), begins trading today on Nasdaq. ETHA seeks to track the price of Ethereum's native token, ether, and carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $2.5B assets under management (AUM)1. "The robust demand for the iShares Bitcoin Trust underscores investors' preference to access a cryptoasset through the convenience of the iShares investment platform. The launch of the iShares Ethereum Trust ETF has enabled us to now provide investors access to the two largest cryptocurrencies by market cap," said Jay Jacobs, U.S. Head of Thematic and Active ETFs. The iShares Ethereum Trust ETF is underpinned by the
The registration statement for BlackRock's iShares Ethereum Trust ETF (ETHA), has been declared effective by the U.S. Securities and Exchange Commission (SEC). ETHA seeks to track the price of Ethereum's native token, ether, and is expected to begin trading on Nasdaq on July 23, 2024. ETHA carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $2.5B assets under management (AUM)1. "Our clients are increasingly interested in gaining exposure to digital assets through exchange-traded products (ETPs) which provide convenient access, liquidity and transparency," said Jay Jacobs, U.S. Head of Thematic and Active ETFs. "Ethereum's appeal lies in its decentrali
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the August 2024 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis as well as XIU. Unitholders of record of a fund on August 27, 2024 will receive cash distributions payable in respect of that fund on August 30, 2024. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per Unit ($)iShares 1-10 Year Laddered Corporate Bond Index ETFCBH0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO0.050
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable September 23, 2024 to shareholders of record at the close of business on September 9, 2024. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate. View source version on businesswire.com: https://www.busines
TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the July 2024 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis. Unitholders of record of a fund on July 26, 2024 will receive cash distributions payable in respect of that fund on July 31, 2024. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per Unit ($)iShares 1-10 Year Laddered Corporate Bond Index ETFCBH0.049iShares 1-5 Year Laddered Corporate Bond Index ETFCBO0.046iShares S&P/TSX Canad
BlackRock, Inc. (NYSE:BLK) today released its financial results for the second quarter of 2024. The company's earnings release and supplemental materials are available via ir.blackrock.com/quarterlyresults. Teleconference, Webcast and Presentation Information 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. Members of the public who are interested in participating in the teleconference should dial, from the United States, (313) 209-4906, or from outside the United States, (866) 400-0049, shortly before 7:30 a.m. ET and reference th
BlackRock, Inc. (NYSE:BLK) today announced that it will report second quarter 2024 earnings prior to the opening of the New York Stock Exchange on Monday, July 15, 2024. 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 United Stat
Expands access to options strategies in the convenience of an ETF Includes the most affordable buffer ETF that targets up to 100% downside protection in the market1 BlackRock bolstered its active ETF platform with a series of buffer ETFs that aims to provide investors with exposure to equity growth potential while seeking to maximize downside protection. The first of the series – the iShares Large Cap Max Buffer Jun ETF (Cboe: MAXJ) launched today, making it the most affordable max buffer ETF that targets up to 100% downside protection in the market.1 "With record levels of cash sitting on the sidelines2, many investors are looking for tools to help navigate market volatility before t
Transforms BlackRock's private markets capabilities by delivering integrated investments, technology, and data for the whole portfolio Strategic expansion of Aladdin tech business into fast-growing private markets data segment, unlocking additional $8 billion total addressable market Preqin grows BlackRock's client base across GPs, LPs and service providers, bringing 4,000+ relationships and ~$240 million of highly recurring 2024E revenue BlackRock, Inc. (NYSE:BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin's data and research tools with Aladdin's complementary w
TORONTO, June 18, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the June 2024 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly, quarterly, or semi-annual basis. Unitholders of record of a fund on June 25, 2024 will receive cash distributions payable in respect of that fund on June 28, 2024. Details regarding the "per unit" distribution amounts are as follows: Fund NameFund TickerCash Distribution Per Unit ($)iShares 1-10 Year Laddered Corporate Bond Index ETFCBH0.046iShares 1-5 Year Laddered Co
BlackRock has one of the most comprehensive and diverse investment platforms in the industry, providing investors with choice to meet their investment objectives. Investors are continuing to turn to BlackRock to unlock the full potential of their portfolios, as reflected by $1.9 trillion of net inflows in the past five years globally.1 In the U.S., BlackRock offers over 600 mutual funds and ETFs for investors to access different market exposures.2 As we evolve our platform and launch new strategies, we also constantly assess the regulatory and operating environment as well as how our funds are meeting investors' investment objectives. Today, BlackRock is announcing the upcoming liquidatio
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable June 24, 2024 to shareholders of record at the close of business on June 7, 2024. 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.businesswire.com/