Blackrock Stock Price, News & Analysis

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.

BlackRock is expanding its Megatrend suite with four new ETFs to meet rising investor demand for innovative strategies. The active transparent ETFs include the BlackRock Future Health ETF (NYSE:BMED), BlackRock Future Tech ETF (NYSE:BTEK), and BlackRock Future Innovators ETF (NYSE:BFTR), targeting healthcare and tech innovation. Additionally, the iShares Virtual Work and Life Multisector ETF (NYSE:IWFH) aims to capture trends in remote working. Armando Senra noted that the megatrend category could grow 500% to $250 billion by 2024, reflecting shifting economic activities.

BlackRock, Inc. (NYSE: BLK) will announce its third quarter 2020 earnings on October 13, 2020, before the NYSE opens. A teleconference for investors, led by CEO Laurence D. Fink, will occur at 8:30 a.m. ET. Earnings release materials will be accessible on BlackRock's investor relations site. Public participation is encouraged through teleconference or a live webcast. Replay access will be provided from 11:30 a.m. ET on the same day until October 27, 2020. As of June 30, 2020, BlackRock managed approximately $7.32 trillion in assets globally.

BlackRock Asset Management Canada Limited announced that effective December 1, 2020, the iShares MSCI USA Momentum Factor Index ETF will change its tracking index from the MSCI USA Momentum Index to the MSCI USA Momentum SR Variant Index. Both indices aim to provide exposure to U.S. equity securities exhibiting positive momentum characteristics. Notably, the new index will implement a staggered approach for index changes, contrasting with the previous single-day rebalancing method. This adjustment follows MTUM's decision to track the new index.

BlackRock Canada has announced cash distributions for September 2020 for its iShares ETFs listed on the TSX and NEO. Unitholders of record on September 25, 2020, will receive distributions on September 30, 2020. Key distribution figures include: iShares Global Real Estate Index ETF at $0.207 per unit, iShares 1-10 Year Laddered Corporate Bond Index ETF at $0.046 per unit, and iShares ESG Aware MSCI Canada Index ETF at $0.127 per unit. The announcement highlights BlackRock's commitment to providing consistent returns to its investors.