Blackrock Stock Price, News & Analysis

BlackRock (NYSE: BLK) appoints Paul Bodnar as Global Head of Sustainable Investing, overseeing sustainable research, analytics, and product development. He previously led initiatives at the Rocky Mountain Institute to support net-zero transitions. Bodnar’s extensive background includes roles in the U.S. government, notably at the National Security Council, where he influenced major climate policies. BlackRock is committed to helping clients achieve net-zero investment goals and will publish temperature alignment of its assets by year-end as part of its sustainability strategy.

BlackRock (NYSE: BLK) will host its 2021 Investor Day virtually on June 10, 2021, from 8:00 AM to 12:00 PM EDT. The event will be accessible via video webcast, and presentation materials will be available through www.blackrock.com. A replay will be offered for those unable to attend live. For inquiries regarding the event, contact BlackRock's Investor Relations at invrel@blackrock.com.

BlackRock aims to enhance financial well-being and simplify investing for millions.

BlackRock, Inc. (NYSE: BLK) has nominated Hans E. Vestberg, CEO of Verizon, to join its Board of Directors, pending shareholder approval during the Annual Meeting on May 26. Vestberg's extensive leadership and expertise in technology align with BlackRock’s strategic priorities, particularly in sustainability and market expansion in Europe. Current board member Mathis Cabiallavetta will not seek re-election. Among the 16 nominated candidates, 14 are independent, with a diverse representation that includes five women and six non-U.S. citizens.

BlackRock has announced a 1 for 2 reverse stock split for the iShares Gold Trust (NYSE Arca: IAU), effective May 24, 2021, at market open. This move aims to adjust the share price while maintaining the total value of shares outstanding, although shareholders may receive cash for fractional shares, which could have tax implications. As of February 26, 2021, IAU managed $29.1 billion in assets. The new CUSIP for IAU will be 464285204 following the split.

The BlackRock Investment Institute (BII) asserts that addressing climate change could drive significant economic growth in the next two decades. They have released new Capital Market Assumptions (CMAs) that highlight investment opportunities tied to climate risks, estimating a cumulative output gain of nearly 25% with orderly transitions to net-zero emissions. The CMAs suggest technology and healthcare sectors will benefit while energy and utilities may lag. BII emphasizes the importance of sustainability in investment strategies, projecting capital flows toward sustainable assets, impacting portfolio construction.

BlackRock (NYSE:BLK) and Snowflake (NYSE:SNOW) have partnered to launch the Aladdin Data Cloud, enhancing investment management capabilities. This solution integrates Aladdin's data with Snowflake’s platform, enabling clients to access and analyze business-critical data seamlessly. The Aladdin Data Cloud aims to improve operational efficiency and creativity by allowing the combination of Aladdin and third-party data sources. This collaboration is part of BlackRock’s initiative to eliminate data silos in the industry and seeks to set a new standard in financial services for data access and governance.

BlackRock (NYSE: BLK) has successfully acquired Aperio, a leader in customized tax-optimized index equity separately managed accounts (SMAs), from Golden Gate Capital and Aperio staff. This acquisition enhances BlackRock's personalization capabilities, enabling tailored tax-managed strategies for investors based on their unique preferences. Martin Small, head of BlackRock’s U.S. Wealth Advisory, emphasized that this move transitions their offerings from 'one size fits all' to 'one size fits one,' reflecting diverse investor needs.

BlackRock, Inc. (NYSE:BLK) has announced a 14% increase in its quarterly cash dividend, raising it to $4.13 per share. This dividend will be paid on March 23, 2021, to shareholders who are on record as of the close of business on March 5, 2021. This increase reflects the company's ongoing commitment to return value to its shareholders while fostering financial well-being for its investors. BlackRock continues to position itself as a leader in financial services and technology.