Blackrock Stock Price, News & Analysis

BlackRock (NYSE: BLK) will announce its fourth-quarter 2020 earnings on January 14, 2021, before the NYSE opening. CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will host a teleconference at 8:30 a.m. ET for investors and analysts. The earnings release and supplemental materials will be accessible on www.blackrock.com.

The teleconference will allow public participation via dial-in, and a live webcast will also be available. Replay options will open by 11:30 a.m. ET the same day.

BlackRock has rebranded three of its actively managed ETFs to enhance client navigation within its investment platform. The iShares Short Maturity Bond ETF (NEAR), iShares Short Maturity Municipal Bond ETF (MEAR), and iShares Ultra Short-Term Bond ETF (ICSH) will now be known as the BlackRock Short Maturity Bond ETF, BlackRock Short Maturity Municipal Bond ETF, and BlackRock Ultra Short-Term Bond ETF, respectively. No changes will be made to their investment objectives or expense ratios. BlackRock aims to distinguish its alpha-seeking ETFs from index-based offerings under the iShares brand.

BlackRock has launched Aladdin Climate, a groundbreaking software application designed to quantify climate risk and assist investors in navigating sustainable investment portfolios. This platform measures both physical climate risks and transition risks to a low-carbon economy, providing climate-adjusted security valuations and risk metrics. Initially available as an add-on for existing Aladdin clients, it aims to fill the gap in data needed for informed investment decisions. Enhanced by partnerships with Sustainalytics and Refinitiv, Aladdin Climate offers over 1,200 key performance indicators for better ESG risk assessment.

BlackRock (NYSE:BLK) announced that Gary S. Shedlin, CFO, will speak at the 2020 Goldman Sachs US Financial Services Conference on December 8, 2020, at approximately 3:00 p.m. ET. The presentation will be available via a live video webcast on BlackRock's website, with a replay accessible within 24 hours for three months. As of September 30, 2020, BlackRock managed about $7.81 trillion in assets globally, emphasizing its commitment to enhancing financial well-being for its clients.

BlackRock (NYSE: BLK) announced a definitive agreement to acquire Aperio for $1.05 billion in cash, enhancing its position in the customized tax-optimized index equity market. Aperio focuses on ultra-high net worth clients and has grown its assets under management to over $36 billion, with a 20% annual growth rate. The acquisition will increase BlackRock's SMA assets by roughly 30% to over $160 billion, expanding its personalization capabilities. Expected to close in Q1 2021, the deal is minimally dilutive to earnings per share.

BlackRock, Inc. (NYSE:BLK) has declared a quarterly cash dividend of $3.63 per share, payable on December 21, 2020, to shareholders of record on December 4, 2020. This move underscores the company’s commitment to returning value to its investors. As of September 30, 2020, BlackRock managed approximately $7.81 trillion in assets, continuing its role as a leading investment management firm dedicated to financial well-being.

BlackRock Real Assets has acquired the remaining 20% stake in Distributed Solar Development (DSD) from GE Renewable Energy, resulting in full ownership of DSD. This acquisition strengthens BlackRock's presence in the commercial and industrial solar sector in the U.S. and allows for increased investment in renewable energy projects. The Global Renewable Power II Fund, through which the acquisition was made, now fully commits to 16 investments across over 150 projects globally. BlackRock's renewable power platform includes over $6.5 billion invested in solar and wind projects worldwide.

BlackRock (NYSE: BLK) announced stock splits for eleven iShares funds, effective for shareholders of record as of December 2, 2020, with pay dates set after December 4, 2020. The splits will adjust the share price lower and increase outstanding shares without affecting the total value. Key funds include the iShares Aerospace & Defense ETF (ITA) and iShares U.S. Technology ETF (IYW), both undergoing a 2-for-1 split, among others. As of September 30, 2020, BlackRock managed approximately $7.81 trillion in assets globally.

BlackRock, Inc. (NYSE: BLK) announced its financial results for Q3 2020, managing approximately $7.81 trillion in assets as of September 30, 2020. The earnings release can be accessed via their investor relations website. A teleconference will be held on October 13, 2020, at 8:30 a.m. ET for investors and analysts, with a replay available until October 27, 2020. The firm continues to focus on improving financial well-being for its clients through innovative financial solutions.