Blackrock Stock Price, News & Analysis

BlackRock has launched the iShares BBB-B CLO Active ETF (Nasdaq: BCLO), expanding its active ETF platform. The new fund focuses on investing in CLOs rated BBB+ to B-, aiming to provide capital preservation and current income. BCLO is managed by BlackRock's CLO investment team, which oversees over $30 billion in assets globally.

The ETF comes with a total expense ratio of 0.45% and will be benchmarked against the JP Morgan CLO High Quality Mezzanine Index. The launch aligns with BlackRock's projection that global active ETF assets under management will reach $4 trillion by 2030. The company currently manages $37 billion across over 40 active ETFs in the U.S.

BlackRock (NYSE:BLK) has announced that its Board of Directors has approved a 2% increase in the quarterly cash dividend. The new dividend amount will be $5.21 per share of common stock. This dividend will be payable on March 24, 2025, to shareholders who are on record at the close of business on March 7, 2025.

BlackRock (NYSE:BLK) has announced that Chief Financial Officer Martin S. Small will be presenting at the 2025 Bank of America Securities Financial Services Conference. The presentation is scheduled for February 11th, 2025, starting at approximately 9:40 a.m. ET.

Interested parties can access a live webcast of the presentation through the 'Investor Relations' section of BlackRock's website. The recording will be made available within 24 hours after the presentation and will remain accessible on the company's website for three months.

BlackRock has launched the iShares Large Cap Accelerated ETF (TWOX), expanding its outcome-oriented ETF suite. The new ETF aims to provide approximately twice the upside price return of the iShares Core S&P 500 ETF (IVV) up to an approximate cap of 5.82%, while tracking IVV's downside price return when held for an entire outcome period.

The outcome-oriented ETFs market has grown significantly from $5bn to over $160bn in the past five years. TWOX represents BlackRock's first accelerated return-focused strategy, designed to help investors seek enhanced returns in a moderate growth environment. The ETF combines an underlying ETF with options to create an 'acceleration zone' for higher return potential.

The fund has an expense ratio of 0.53% (gross) and 0.50% (net), with a fee waiver in effect until November 2030. The outcome period resets quarterly, during which the cap will adjust according to market conditions.

BlackRock (NYSE: BLK) reported strong financial results for Q4 and full year 2024, with record-breaking performance across key metrics. The company achieved $11.6 trillion in AUM, driven by record net inflows of $641 billion for the full year, including $281 billion in Q4.

Full-year revenue increased 14% to over $20 billion, while operating income grew 21% (23% as adjusted). The company reported full-year diluted EPS of $42.01, or $43.61 as adjusted, marking a 15% increase. BlackRock maintained strong shareholder returns, distributing $4.7 billion to shareholders, including $1.6 billion in share repurchases.

The company's strategic expansion continued with the GIP transaction completion and planned acquisitions of HPS Investment Partners and Preqin. These moves are expected to enhance private markets capabilities, with HPS adding approximately $220 billion in pro-forma client assets. The company achieved a 44.5% adjusted operating margin, up 280 basis points from 2023.

BlackRock's LifePath Paycheck™ has emerged as the fastest-growing lifetime income target-date strategy in the defined contribution market, accumulating $16B in assets under management since its April 2024 launch. The solution, now implemented across six employer retirement plans including Avangrid, Adventist HealthCare, Tennessee Valley Retirement System, and BlackRock itself, provides guaranteed lifetime income options to over 200,000 eligible U.S. workers.

The program allows plan participants to access guaranteed income starting at age 59½ through annuity contracts issued by Equitable and Brighthouse Financial. The solution is available on Fidelity Investments and Bank of America platforms, with Voya Financial planning to add support. Notably, the solution addresses a critical need, as BlackRock's Read on Retirement® survey reveals that 60% of workers worry about outliving their retirement savings, and 99% value guaranteed retirement income.

BlackRock (NYSE: BLK) has announced it will release its fourth quarter 2024 earnings before the New York Stock Exchange opens on Wednesday, January 15, 2025. The company will host a teleconference call for investors and analysts at 7:30 a.m. ET, led by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small.

The earnings release and supplemental materials will be available on BlackRock's investor relations website before the call. Interested participants can join via phone using specific dial-in numbers or access a live webcast through the investor relations section. A replay of the webcast will be accessible from 10:30 a.m. ET on the same day.

BlackRock (NYSE:BLK) has released its 2025 Private Markets Outlook, projecting sector growth from $13 trillion today to over $20 trillion by 2030. The report highlights key trends across private debt, infrastructure, private equity, and real estate.

Private debt, currently at $1.6 trillion AUM, represents 10% of alternative investments, with significant growth potential in asset-backed finance. Infrastructure investments are expected to benefit from AI developments, with data center capex projected to exceed $1.5 trillion by 2030. Private equity saw a 21% jump in deal activity, exceeding pre-pandemic averages by 45%. Real estate is entering a new cycle with improved sentiment and opportunities in Asia-Pacific markets.

The outlook emphasizes AI-driven opportunities, increased M&A and IPO activity, and growing demand for long-term capital across all client segments, particularly retail wealth.

BlackRock has launched the iShares International Country Rotation Active ETF (CORO), expanding its active ETF lineup. The fund is managed by Lisa O'Connor, Michael Gates, Michele Freed, and Jonathan Adams, leveraging insights from BlackRock's Model Portfolio Solutions (MPS) team to dynamically allocate across international developed and emerging markets.

CORO aims to capture additional alpha by investing in iShares country ETFs and responding to changes in economic cycles across international markets. The strategy is backed by MPS, which oversees $178 billion in assets globally and employs over 20 research and portfolio management professionals. The fund uses the MSCI ACWI ex-US Index as its performance benchmark.

BlackRock currently manages $34 billion across more than 40 active ETFs in the U.S.