California State Teachers Retirement System ve 2. čtvrtletí navýšil podíl ve společnosti BlackRock o 96 671,4 % a držel 213 813 443 akcií v hodnotě 205,6 mld. USD. BlackRock zároveň vykázal za čtvrtletí EPS 13,91 USD a tržby 7,08 mld. USD, obojí nad odhady.
California State Teachers Retirement System grew its position in shares of BlackRock (NYSE:BLK – Free Report) by 96,671.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,813,443 shares of the asset manager’s stock after purchasing an additional 213,592,496 shares during the quarter. California State Teachers Retirement System owned approximately 138.06% of BlackRock worth $205,594,454,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in BlackRock in the fourth quarter worth approximately $26,000. RMG Wealth Management LLC purchased a new position in shares of BlackRock during the first quarter worth approximately $25,000. Addison Advisors LLC purchased a new position in shares of BlackRock during the second quarter worth approximately $25,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $25,000. Finally, Birchbrook Inc. purchased a new stake in shares of BlackRock in the 4th quarter valued at $31,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
BlackRock News Roundup Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) attracted approximately $454 million in a single day, accounting for most of the $731 million flowing into U.S. spot Bitcoin ETFs. Continued institutional demand could increase BlackRock’s digital-asset assets under management and fee revenue. Bitcoin Spot ETFs See Huge Inflows as BlackRock Takes Lead Positive Sentiment: An updated valuation model raised BlackRock’s estimated fair value to $1,320.81 per share from $1,314.44, reinforcing the view that the company’s earnings beat, inflows and margins support additional upside. BlackRock Stock Gets Fair Value Bump Positive Sentiment: BlackRock is seeking to allocate roughly 5% to 20% of target-date funds to private assets, potentially opening a large distribution channel for private equity and private credit products. BlackRock Wants Private Assets in Target-Date Funds Positive Sentiment: BlackRock’s support for corporate reincorporation in Texas and its broader tokenization expansion through Securitize could strengthen its positioning in business-friendly and digital-finance markets. BlackRock Casts a Vote of Confidence in Texas Wall Street Analyst Weigh In BLK has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Evercore reissued an “outperform” rating and issued a $1,260.00 price target on shares of BlackRock in a research note on Monday, August 10th. Keefe, Bruyette & Woods lowered shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. UBS Group raised their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,311.06. Get Our Latest Stock Analysis on BLK
BlackRock Stock Down 0.0% Shares of NYSE BLK opened at $1,121.85 on Monday. The firm’s fifty day moving average is $1,092.75 and its 200 day moving average is $1,049.23. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,219.94. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. The company has a market cap of $173.74 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.24 and a beta of 1.41.
BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $12.05 EPS. On average, equities research analysts expect that BlackRock will post 55.86 earnings per share for the current year.
BlackRock Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s dividend payout ratio is 54.78%.
About BlackRock (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
Further Reading Five stocks we like better than BlackRock AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK – Free Report).
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Your employer's 401(k) plan could soon have a brand-new, never-before-offered kind of investment option -- funds that hold a healthy dose of privately owned (as opposed to publicly traded) businesses.
That's the important takeaway from an announcement by investment manager BlackRock (BLK +1.72%) around the middle of this year. As the stock market's risks rise and its rewards shrink -- and as it grows more difficult to navigate -- BlackRock wants to give ordinary investors access to potentially better returns.
Here's what you need to know.
The how and why Your retirement savings account's exposure to privately held businesses will still be relatively limited, for the record. Initially, only target-date mutual funds overseen by Great Gray Trust will hold stakes in these enterprises, and even then, only 5% to 20% of these funds' capital will be allocated to private investments. And investors will only be able to access this narrow selection of target-date funds if their 401(k) plan's sponsor and administrator agree that adding this option is in employees' best interest.
Image source: Getty Images.
It shouldn't be terribly difficult to sell this idea to sponsors and administrators, however. BlackRock (which manages the iShares family of exchange-traded funds) notes that, on average, privately owned ventures return about 50 more basis points annually than stocks. Over the course of 40 years, that would make 401(k) account balances about 15% bigger than they'd otherwise be using nothing but conventional stock-based funds.
Demand is growing Although this launch will be one of the first of its kind for 401(k) plans, access to private enterprises through publicly traded instruments is not unheard of. Business development companies like Main Street Capital (MAIN +0.35%) are a form of private equity and private credit, while Brookfield Asset Management's (BAM +1.25%) Brookfield Renewable Partners (BEP +0.23%) (BEPC +0.38%) offers its shareholders exposure to a basket of energy-related ventures that aren't accessible any other way. Hedge fund manager Bill Ackman is also planning a new venture fund that will offer ordinary, non-institutional investors access to companies that have not yet gone public, but eventually will.
Still, these options remain relatively rare.
That's clearly changing, though. Perhaps finally prompted by the recent initial public offering of Space Exploration Technologies -- you know it better as SpaceX -- which has made its earliest insiders considerably wealthier than its post-IPO investors, more people are clamoring for alternatives capable of delivering better returns. BlackRock's and Great Gray's offering will certainly bring that prospect to the table.
That said, it would also be naïve to ignore the fact that the stock market as a whole has become uncomfortably unbalanced. The S&P 500's 10 biggest companies collectively account for nearly 40% of its value, while nearly as much of the index's value is held by technology stocks. If only for the sake of better diversification, access to alternative investments (private or otherwise) have their obvious appeal.
Look for more of the same Only time will tell how quickly BlackRock's concept becomes a common option for 401(k) plans. Don't be surprised to see measurable interest, though. In this same vein, don't be surprised to see other outfits introduce similar private investment offerings now that BlackRock is pushing the boundaries of the premise.
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BlackRock and Brookfield Asset Management. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
Bývalý manažer BlackRock Neal Dignum žaluje firmu o 12 milionů USD kvůli nevyplacenému carried interest. Spor může odhalit i její tajnou strukturu odměňování.
BlackRock is facing a new lawsuit alleging it stiffed a former worker out of $12.4 million – and the case could force the asset manager to reveal its secretive pay package structure, The Post has learned.
Neal Dignum, a former director in BlackRock’s Long Term Private Capital fund, is accusing BlackRock of failing to pay a single cent of the carried interest it promised him as part of his pay package, according to documents filed in New York State Supreme Court Monday.
During his time at the company, from November 2021 to February 2023, BlackRock deliberately never put pen to paper to create a promised compensation agreement with Dignum, his lawyers alleged.
BlackRock is facing a new lawsuit alleging it stiffed a former worker out of $12 million. AP “Mr. Dignum has for years now been deprived of the compensation BlackRock promised to pay him,” Lauren Zimmerman, partner at Benesch Friedlander Coplan & Aronoff LLP, told The Post in a statement.
“BlackRock decided it did not want to keep its end of the bargain it struck, even after aggressively courting my client for months. We look forward to fully and openly vindicating his rights in Court.”
BlackRock did not immediately respond to The Post’s request for comment.
The complaint in the case contains an offer letter and a term sheet from BlackRock that broke down the details of the carried interest the firm promised to pay him, “as a means of inducing him to accept the Firm’s offer,” according to a memorandum.
Carried interest is a share of an investment fund’s profits that is typically paid to hedge fund managers as a performance incentive.
It often makes up the bulk of their salary, accounting for at least 84% of managing partners’ total compensation on average, according to a 2021 survey by Heidrick & Struggles. Among partners at larger firms, that share can jump to well over 90%.
The complaint is currently sealed because Dignum fears BlackRock will file a retaliatory counterclaim against him, citing the firm’s “signature aggression,” since he signed a stringent NDA as part of his employment agreement, court filings alleged.
BlackRock, which is based in New York City, is the world’s largest asset manager with over $15.3 trillion in assets under management. AP BlackRock’s employee NDA is “extremely broad in scope,” his lawyers argued in the filing.
Dignum wants the details of his lawsuit to be made public, so he is requesting BlackRock be ordered to come to court if it wants anything permanently sealed or redacted, the memorandum said.
To keep the complaint permanently sealed from the public, BlackRock would need to argue that it contains “trade secrets, confidential business information, or proprietary information,” the filing said – and if it fails to do so, its compensation structure could be revealed in court.
BlackRock has been in possession of a draft of Dignum’s complaint for nearly three months and has yet to respond in any way, the filings alleged.
The sealed complaint also contains information about “the approximate growth of the LTPC fund during Mr. Dignum’s tenure,” the filing said. The fund began winding down in 2024, so the details should not be held from the public, it argued.
BlackRock, which is based in New York City, is the world’s largest asset manager with over $15.3 trillion in assets under management.
Beacon Pointe Advisors LLC ve 2. čtvrtletí nakoupila nový podíl v BlackRock: 13 227 akcií za zhruba 12,719 mil. USD. BlackRock zároveň oznámila čtvrtletní dividendu 5,73 USD na akcii.
Beacon Pointe Advisors LLC purchased a new stake in BlackRock (NYSE:BLK – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,227 shares of the asset manager’s stock, valued at approximately $12,719,000.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 296 shares during the period. Bison Wealth LLC lifted its position in BlackRock by 1.6% in the fourth quarter. Bison Wealth LLC now owns 1,052 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 17 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in BlackRock during the second quarter worth about $259,000. Nebula Research & Development LLC acquired a new position in BlackRock during the 2nd quarter worth about $548,000. Finally, Osterweis Capital Management Inc. acquired a new position in BlackRock during the 2nd quarter worth about $98,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
BlackRock Price Performance Shares of NYSE:BLK opened at $1,162.58 on Friday. The business’s fifty day moving average price is $1,079.72 and its two-hundred day moving average price is $1,047.58. The stock has a market cap of $180.05 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a one year low of $917.39 and a one year high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a net margin of 24.09% and a return on equity of 14.90%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm posted $12.05 earnings per share. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. On average, analysts forecast that BlackRock will post 55.86 EPS for the current fiscal year. BlackRock Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio is currently 54.78%.
Analyst Ratings Changes BLK has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. Barclays raised their price target on BlackRock from $1,340.00 to $1,450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised shares of BlackRock from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $1,165.00 to $1,364.00 in a report on Thursday, July 16th. Finally, UBS Group increased their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,311.06.
View Our Latest Analysis on BlackRock
Key BlackRock News Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock’s cryptocurrency portfolio reportedly gained more than $15 billion in August, while the firm purchased more than $3.1 billion of Bitcoin and Ethereum-linked assets over eight days. Rising crypto prices and strong inflows into BlackRock’s iShares Bitcoin and Ethereum ETFs could increase fee revenue and reinforce its position in digital-asset investing. BlackRock cryptocurrency portfolio up by over $15 billion so far in August Positive Sentiment: A newer BlackRock ETF is reportedly up 19% this year, outperforming JPMorgan’s popular JEPQ while charging the same fee. Better-performing products may help BlackRock attract assets and expand recurring management fees. BlackRock ETF performance comparison Positive Sentiment: Adroit Trading Technologies announced integration with BlackRock’s Aladdin platform, expanding access to cross-asset execution tools for mutual clients. The agreement supports Aladdin’s reach and could modestly strengthen BlackRock’s technology-related revenue opportunity. Adroit Trading Technologies Aladdin integration Positive Sentiment: BlackRock executives continue to describe Bitcoin as a potential hedge against rising U.S. debt and deficits and say institutional demand is strengthening. This supports the firm’s broader strategy of positioning its ETFs and investment products around digital assets. Neutral Sentiment: BlackRock disclosed a significant stake in QIAGEN (QGEN) through a filing with the Dutch financial regulator. The investment may reflect portfolio-management activity, but it is not expected to have a material near-term effect on BLK earnings. BlackRock stake in QIAGEN Neutral Sentiment: BlackRock participated in Piramal Finance’s heavily oversubscribed Indian share offering, highlighting continued institutional demand for its investment-management capabilities but providing limited direct impact on BLK’s financial results. Neutral Sentiment: BlackRock’s view that the CLARITY Act is less critical for Bitcoin than for other cryptocurrencies suggests the company expects Bitcoin’s institutional adoption to continue even amid regulatory uncertainty. Negative Sentiment: Zacks Research downgraded BlackRock from “strong buy” to “hold,” potentially adding valuation pressure after the stock’s substantial advance and recent proximity to its 52-week high. Negative Sentiment: The Rosen Law Firm announced an investigation into potential securities claims involving BlackRock mutual funds and allegations of misleading business information. The announcement is not a formal finding of wrongdoing, but it creates legal and reputational overhang for investors. Rosen Law Firm BlackRock investigation BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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Bank of New York Mellon Corp ve 2. čtvrtletí koupila nový podíl ve společnosti BlackRock za zhruba 796,9 mil. USD a držela 0,53 % firmy. BlackRock zároveň vykázala za čtvrtletí zisk na akcii (EPS) 13,91 USD a výnosy 7,08 mld. USD, obojí nad odhady.
Bank of New York Mellon Corp acquired a new stake in shares of BlackRock (NYSE:BLK – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 828,779 shares of the asset manager’s stock, valued at approximately $796,921,000. Bank of New York Mellon Corp owned 0.53% of BlackRock at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new position in shares of BlackRock in the first quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $26,000. Birchbrook Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of BlackRock during the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC purchased a new position in shares of BlackRock during the 4th quarter valued at $32,000. Institutional investors own 80.69% of the company’s stock.
BlackRock News Roundup Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock’s iShares Bitcoin Trust led a surge in U.S. spot Bitcoin ETF demand, attracting $588.5 million over three days and $284.7 million on Wednesday alone. Sustained inflows could increase BlackRock’s fee-generating assets and support growth in its digital-assets franchise. Bitcoin ETFs Heat Up After Three Days of Heavy Buying Positive Sentiment: BlackRock’s updated research continued to support Bitcoin as a potential portfolio diversifier, citing a possible 1%–2% allocation. A favorable long-term stance may help preserve demand for the iShares Bitcoin Trust despite recent cryptocurrency volatility. BlackRock updates its Bitcoin outlook after historic selloff Positive Sentiment: BlackRock and Oaktree Capital reportedly seized debt-laden movie-servicer MBS through their credit investments. The transaction highlights the scale and potential deployment opportunities of BlackRock’s private-credit platform, although distressed assets carry execution risk. BlackRock, Oaktree Seize Debt-Laden Movie Servicer MBS Neutral Sentiment: BlackRock Canada announced August cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to eligible unitholders. The announcement is routine but reinforces the breadth of BlackRock’s ETF platform and recurring investor engagement. BlackRock Canada Announces August Cash Distributions Neutral Sentiment: BlackRock executives warned that bond-market volatility is spilling into equities, particularly large artificial-intelligence stocks, while highlighting the value of active management. The comments provide market context but do not materially change BLK’s earnings outlook. BlackRock: Markets calm on top line, but volatility under the hood Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging materially misleading business information. The announcement does not establish wrongdoing, but it adds headline and potential litigation risk for investors. BlackRock Investor News: Rosen Law Firm Investigation Negative Sentiment: BLK underperformed the broader market during the latest session, reflecting investor caution amid market volatility and the legal-investigation headlines. Why BlackRock Dipped More Than the Broader Market Wall Street Analysts Forecast Growth A number of brokerages have issued reports on BLK. Keefe, Bruyette & Woods lowered BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating and set a $1,260.00 target price on shares of BlackRock in a research report on Monday, August 10th. BMO Capital Markets lifted their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, UBS Group boosted their price target on BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,311.06. View Our Latest Research Report on BlackRock
BlackRock Trading Down 1.6% Shares of BLK stock opened at $1,139.89 on Friday. The company has a market cap of $176.53 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.59 and a quick ratio of 3.59. The stock’s 50 day simple moving average is $1,065.22 and its two-hundred day simple moving average is $1,043.44. BlackRock has a 1 year low of $917.39 and a 1 year high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the company posted $12.05 EPS. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. Research analysts predict that BlackRock will post 55.63 earnings per share for the current year.
BlackRock Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $5.73 per share. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 8th. BlackRock’s payout ratio is presently 54.78%.
BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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In the latest close session, BlackRock (BLK - Free Report) was down 1.65% at $1,139.82. This move lagged the S&P 500's daily loss of 0.87%. Elsewhere, the Dow saw a downswing of 1.32%, while the tech-heavy Nasdaq depreciated by 1%.
Prior to today's trading, shares of the investment firm had gained 9.68% outpaced the Finance sector's gain of 1.32% and the S&P 500's gain of 3.48%.
Analysts and investors alike will be keeping a close eye on the performance of BlackRock in its upcoming earnings disclosure. The company is predicted to post an EPS of $14.24, indicating a 23.29% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $7.44 billion, reflecting a 14.35% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $55.63 per share and revenue of $28.56 billion, which would represent changes of +15.68% and +17.95%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BlackRock. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, BlackRock possesses a Zacks Rank of #2 (Buy).
Investors should also note BlackRock's current valuation metrics, including its Forward P/E ratio of 20.83. This expresses a premium compared to the average Forward P/E of 12.47 of its industry.
Investors should also note that BLK has a PEG ratio of 1.31 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Financial - Investment Management industry stood at 1.18 at the close of the market yesterday.
The Financial - Investment Management industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
BlackRock ve 2. čtvrtletí zvýšil výnosy o 31 % na 7 miliard USD a upravený provozní zisk o 42 % na 2,92 miliardy USD. Upravená provozní marže stoupla na 45,9 %, nejvýše za téměř pět let.
In the world of asset management, BlackRock (BLK +1.89%) stands out among the rest. BlackRock ushered in the era of passive investing and exchange-traded funds (ETFs) and has become a powerhouse in financial services, with a staggering $15.3 trillion in assets under management (AUM).
BlackRock continues to evolve and build on its strong foundation, offering a range of products for its diverse clientele. In the process, the company continues to grow its AUM and, more importantly, its profit margins in the competitive financial industry.
Here's what BlackRock's massive scale earns it and why it's well-positioned to continue building on its growth.
Image source: Getty Images.
BlackRock capitalizes on specialized investments to drive strong margin growth
While BlackRock's staggering $15.34 trillion AUM captures attention, the company is seeing strong revenue growth and operational leverage that outpace its impressive asset growth. In the second quarter, AUM increased by 22%, while revenue increased by 31% to $7 billion. Meanwhile, adjusted operating income grew 42% to $2.92 billion, while adjusted operating margin increased from 43.3% to 45.9% -- its highest in nearly five years.
This margin growth is more important because it shows the company isn't focused purely on increasing AUM but on providing in-demand financial products that deliver strong margins. CEO Larry Fink said in the company's release, "The scale and depth of our client relationships globally have never been greater."
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The company's mix has shifted over time as it prioritizes specialized, high-margin vehicles where BlackRock's expertise shines through. For example, private markets and alternative investments account for only 3% of BlackRock's total AUM but contribute 15% of its total base fees.
Broken down by investment styles, BlackRock's active investment strategies, which include equities, fixed income, and alternatives, represent 24% of AUM but generate 42% of its total fees. Over the past year, its institutional active assets have seen inflows of $106 billion, while institutional index assets, which earn significantly lower fees, have seen outflows of $104 billion.
BlackRock's technology platform provides an alternative source of revenue
In addition, technology is a stream of non-market-related revenue that helps serve "sticky" clients and provides recurring revenue. Unlike asset-based fees, which can decline during market downturns, technology revenue offers greater stability.
The company has taken steps in recent years, including integrating Preqin and eFront, allowing its Aladdin technology to incorporate private market data directly into its risk management ecosystem. Subscription revenue was $566 million, up 13% year over year, while annual contract values, which provide insight into future growth, grew by 15%.
BlackRock's massive scale and stellar margins make it a financial stock to own long-term
BlackRock has done an excellent job building its investment platform, and the recent quarter shows it's effectively monetizing its scale. The company has integrated high-margin alternative and active investments along with technology offerings into its platform, diversifying earnings and delivering stellar profit margins.
Following its strong quarter, BlackRock updated its share buyback target to $2 billion. This, coupled with its 2% dividend, shows a company that steadily rewards shareholders over time. For investors seeking exposure to the financial sector, BlackRock is a solid stock to buy today.
Nvidia spolu s Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs a KKR vytváří financovací platformy pro AI infrastrukturu, které mají mobilizovat více než 500 miliard USD soukromého kapitálu. Cílem je financovat datová centra, energii a další AI infrastrukturu mimo rozvahu Nvidie.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is partnering with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build financing platforms aimed at mobilizing more than $500 billion in third-party capital for AI infrastructure.
The agreements, structured as memorandums of understanding, are designed to let outside investors fund the buildout of data centers, power and other AI infrastructure without adding directly to Nvidia's balance sheet.
Under the arrangements, the six financial institutions would help channel capital to independent platforms building AI infrastructure based on Nvidia hardware, rather than Nvidia financing the projects itself.
Shares of Nvidia were up around 1% on Tuesday.
Analysts at BofA called the move a positive first step, noting it shifts the funding burden onto the consortium rather than Nvidia's own balance sheet and marks a pivot away from vendor-financing arrangements.
“For $500 billion of capital to treat compute as an "investable asset class," residual value must hold - and that is exactly what NVDA supplies,” analysts wrote.
“Compute that is fungible and transferable across operators, with CUDA continuously extending useful life, keeps resell/rental rates high and depreciation curves benign. NVDA guarantees asset quality, not the debt - turning the bear's depreciation worry into the enabling feature.”
Wedbush analysts described the financing pool as another mechanism likely to reinforce Nvidia's position.
“We see this fund as another mechanism that likely supports NVDA's leadership and growth away from hyperscalers (with NVDA having characterized this demand as comprising around 50% of its revenue),” Wedbush wrote.
“As such, while we would appreciate incremental details around the exact structure of this new financing vehicle, at first glance we see the news as another positive driver for NVDA sales and earnings momentum.”
BlackRock rozšiřuje správu hotovosti o dva nové tokenizované fondy peněžního trhu: BSTBL a BRSRV. Mají propojit fondy peněžního trhu s blockchainovou infrastrukturou.
BlackRock says it is expanding its cash management strategy with two new tokenized money market products.
The new offerings are dubbed OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), the investment management giant said in a Monday (Aug. 3) news release.
“Cash remains a foundational building block for investors, corporations, and financial institutions,” said Jon Steel, global head of product and platform for BlackRock’s cash management business. “U.S. money market funds have grown to more than $8.4 trillion in assets as investors continue to prioritize liquidity, capital preservation, and the potential for yield. As demand grows for high-quality reserve assets to support stablecoins and other tokenized financial products, these funds provide clients with additional choice in how they access and use money market fund investment solutions across traditional and digital markets.”
According to the release, the products are designed to combine BlackRock’s money market capabilities with blockchain-based infrastructure while maintaining the liquidity and stability investors expect money market funds to provide.
BlackRock introduced its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), in the spring of 2024.
A report on the launch by CoinDesk includes comments BlackRock Chief Financial Officer Martin Small made during a recent earnings call about the company’s ambitions to become the industry’s go-to stablecoin reserve manager.
“We already manage $60 billion of reserves for Circle, representing about a quarter of the $300 billion stablecoin market,” he said. “We see lots of growth ahead in stablecoin and we want to be the reserve manager of choice.”
In other tokenization news, a report last week by the Bank for International Settlements (BIS) noted that real-value testing (RVT) of tokenization of wholesale cross-border payments showed an average time from payment initiation to settlement of about 80 seconds.
The test was conducted Project Agorá, a public-private collaboration exploring tokenization of wholesale cross-border payments, based on a concept initially proposed by BIS.
“RVT marked an important milestone for Project Agorá, demonstrating the feasibility of settling real-value transactions on a multicurrency programmable and shared platform using tokenized reserves and tokenized deposits,” BIS said in the report.
In a report in May, the BIS said Project Agorá created a prototype that showed tokenized commercial bank deposits could be combined with “the trust and safety” of tokenized central bank reserves with a shared platform.
BlackRock ETF IALT přitahuje silné přílivy peněz, přestože je na trhu jen asi sedm měsíců. Alternativní ETF letos získaly téměř 30 miliard USD čistých aktiv.
The iShares Systematic Alternatives Active ETF (NASDAQ:IALT) is BlackRock’s attempt to shove a hedge fund into a ticker symbol, and the reception has been enthusiastic. IALT launched in December 2025 with a mandate to deliver absolute returns using equity market neutral, managed futures, and diversified bond strategies. Money has arrived in bulk before anyone can credibly say whether the machine works.
The Problem IALT Says It Solves The pitch rests on a real portfolio problem. Market concentration in a handful of mega-caps remains extreme, and the traditional inverse correlation between stocks and bonds has weakened, so the 60/40 has partly stopped doing the one job it was hired for. J.P. Morgan’s 2026 outlook puts it flatly, arguing that the traditional stock/bond framework of “60/40” should be reformed to include alternative assets.
IALT is BlackRock’s attempt to be that alternative sleeve in a single ticker. It is actively managed by Jeffrey Rosenberg, a Senior Portfolio Manager at BlackRock Systematic, and uses quantitative models to trade equities, fixed income, commodities, and currencies across developed and emerging markets. The stated goal is a return stream that behaves differently from stocks and bonds, especially when the two move together.
The macro backdrop cooperates with the marketing. The 10-year minus 2-year Treasury spread sits at 0.36%, in the 6th percentile of the past 12 months. Meanwhile, the 10-year Treasury yield has ripped to 4.71%, near its year-to-date high. A flat curve with rising long yields is the exact environment where bond diversification tends to disappoint.
Decoding a Very Strange-Looking Portfolio Pull up IALT on Morningstar, and you will see something that looks like a mistake. Thousands of positions. A majority of the portfolio flagged as cash. A top-10 holdings figure that can display as negative. That is the fingerprint of a long/short book viewed from the outside.
A useful comparison is AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL), which discloses hundreds of paired longs and shorts. Shorts show up as negative dollar values, cash collateralizes the shorts, and net exposure ends up near zero. IALT’s disclosures follow the same logic. When Morningstar shows a negative top-10, that is short exposure netting against longs, which is what a market-neutral strategy is supposed to look like.
Is It Actually Working? Too Early to Say Here is the part where a portfolio-fit article usually compares three-year returns against a benchmark. That cannot be done for IALT. The fund is roughly seven months old. Any performance number pulled today is noise.
What we do have is flow data, and flows have been loud. Envestnet Portfolio Solutions opened a $140.9 million position as of its June 30, 2026 13F. Ninety investors added IALT shares, and six major firms increased their stakes significantly. Industry-wide, alternative ETFs pulled in nearly $30 billion of net new assets in 2026 year-to-date.
Inflows are evidence a strategy sells, not that it works. BlackRock knows this. VettaFi’s Todd Rosenbluth flagged the friction point most reviews land on, which is the 99 basis point expense ratio, meaningful money for something that has not yet earned its keep.
The Tradeoffs Fee drag. Ninety-nine basis points compounds against you every year the strategy fails to deliver differentiated returns. A simple aggregate bond fund costs a fraction of that. No track record. Absolute return strategies are judged over full cycles, not seven months. The VIX at 19 means the fund has not yet been tested by real stress. Complexity risk. You cannot easily explain why the fund is up or down in a given month, which makes it hard to hold through inevitable disappointment. Who Should Actually Own This IALT fits investors who already believe the 60/40 is broken, who can tolerate a fund whose behavior they cannot fully explain, and who are sizing it as a 5% to 10% diversifier rather than a core holding. For anyone treating it as a bond substitute or an equity substitute, wait. Come back in three years with real return data. Until then, the billions rushing in are a story about BlackRock’s distribution engine, not a verdict on the strategy.
Contact [email protected] for any questions or corrections.
Meta a BlackRock oznámily společný projekt výstavby datového centra v El Pasu v Texasu za zhruba 14 miliard USD. BlackRock bude mít 80% podíl, Meta 20 %.
A 3D-printed Meta logo and word "AI" are seen in this illustration created on July 20, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 28 (Reuters) - Meta Platforms (META.O), opens new tab and the world's largest asset manager BlackRock (BLK.N), opens new tab on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.
The race to build out AI infrastructure has prompted tech giants to turn to debt sales worth tens of billions of dollars or seek external capital from fund managers such as BlackRock due to an unprecedented scale of investment.
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Meta said BlackRock-managed funds will take an 80% ownership stake in the venture, with Meta retaining the remaining 20%. A portion of BlackRock's investment will be financed through $12.5 billion in debt. Meta will also receive a $1 billion distribution to align ownership.
Meta will contribute land and in-progress construction assets worth about $2.3 billion, while BlackRock will make a cash contribution of about $4.9 billion, the company said.
The Facebook-parent earlier said it was building an over $10 billion data center project in El Paso, near the Texas-New Mexico border, among 28 data centers it has in either operation or under construction in the U.S.
The data center campus, already under construction, is designed to provide 1 gigawatt of compute capacity, essential for Meta's AI technologies and supporting its core business. Operations are expected to commence in 2028.
Meta has said it plans to invest $600 billion to build data centers by 2028, with an aim to fast-track work on personal superintelligence, which could help spin up new cash flows from the Meta AI app, image-to-video ad tools and smart glasses.
The social media giant is building several gigawatt-scale data centers across the U.S., including one in rural Louisiana, a project Meta expected to expand to 5 gigawatts of compute capacity, with investment increasing to more than $50 billion.
Shares of Meta had fallen about 10% so far this year, as investors are scrutinizing costs of AI expansion. The company is scheduled to report second-quarter results on July 29.
Morgan Stanley & Co and J.P. Morgan Securities served as financial advisors to Meta in connection with this transaction.
Reporting by Jaspreet Singh in Bengaluru; Editing by Devika Syamnath
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Alesco Advisors LLC koupila v 1. čtvrtletí nový podíl ve společnosti BlackRock: 948 akcií za zhruba 912 000 USD. Podíl drží i další institucionální investoři.
Alesco Advisors LLC An ESL Co acquired a new stake in BlackRock (NYSE:BLK – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 948 shares of the asset manager’s stock, valued at approximately $912,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLK. Legal & General Group Plc raised its stake in shares of BlackRock by 0.8% in the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after purchasing an additional 7,457 shares during the last quarter. TCV Trust & Wealth Management Inc. purchased a new stake in shares of BlackRock during the fourth quarter valued at $20,279,000. Texas Yale Capital Corp. boosted its holdings in shares of BlackRock by 32.2% during the 4th quarter. Texas Yale Capital Corp. now owns 5,764 shares of the asset manager’s stock valued at $6,169,000 after acquiring an additional 1,405 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of BlackRock by 94.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,828 shares of the asset manager’s stock worth $28,720,000 after acquiring an additional 13,040 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of BlackRock by 0.3% during the fourth quarter. Capital Research Global Investors now owns 3,838,937 shares of the asset manager’s stock valued at $4,108,968,000 after purchasing an additional 12,019 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of equities analysts have recently issued reports on the company. Evercore restated an “outperform” rating and issued a $1,145.00 price target on shares of BlackRock in a research note on Friday, July 10th. BMO Capital Markets increased their target price on BlackRock from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Jefferies Financial Group reduced their target price on shares of BlackRock from $1,351.00 to $1,199.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,258.00 price objective on shares of BlackRock in a research note on Thursday, July 16th. Finally, TD Cowen dropped their price target on shares of BlackRock from $1,238.00 to $1,105.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,304.29.
View Our Latest Analysis on BlackRock
Key Headlines Impacting BlackRock Here are the key news stories impacting BlackRock this week:
Positive Sentiment: BlackRock-led infrastructure vehicles completed the acquisition of Aligned Data Centers and are committing an additional $5 billion in growth capital, reinforcing BLK’s exposure to the AI buildout and alternative-asset fee opportunities. AIP, MGX and BlackRock’s GIP Close Acquisition of Aligned Data Centers Positive Sentiment: BlackRock Canada announced monthly July cash distributions across a wide slate of iShares ETFs, underscoring the strength and recurring income appeal of its ETF franchise. BlackRock Canada Announces July Cash Distributions for the iShares ETFs Positive Sentiment: Investor interest in BlackRock’s Ethereum products remains strong, with reports of fresh inflows into ETHA and a new, similar ether fund that adds another monetizable product in digital assets. Forget ETHA. iShares’ Other Ether Fund Is Nearly Identical, Except It Pays You Neutral Sentiment: CEO Larry Fink’s comments that AI growth is constrained by electricity, plus New York’s data-center moratorium, keep attention on power bottlenecks for the AI infrastructure theme BlackRock is investing behind. Larry Fink Says AI Needs More Electricity. Google Is Trying To Need Less Of It. Neutral Sentiment: BlackRock’s ETF and asset-management announcements, including distribution updates and product coverage, are broadly supportive but not likely to move the stock on their own. BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs Negative Sentiment: Some recent headlines note BlackRock reducing a few holdings and broader financial-sector weakness, which may add mild pressure, but these appear less important than the positive infrastructure and ETF news. Major Shareholder Announcement BlackRock Trading Down 1.6% Shares of NYSE BLK opened at $1,037.31 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.09 and a quick ratio of 4.09. The business’s 50 day moving average is $1,032.09 and its two-hundred day moving average is $1,042.37. The stock has a market capitalization of $160.77 billion, a P/E ratio of 24.79, a PEG ratio of 1.19 and a beta of 1.43. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.73 billion. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the business posted $12.05 earnings per share. As a group, research analysts expect that BlackRock will post 55.63 EPS for the current year.
BlackRock Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were given a $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.2%. BlackRock’s payout ratio is presently 54.78%.
Insider Buying and Selling at BlackRock In other news, CEO Laurence Fink sold 33,900 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares in the company, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the completion of the transaction, the president directly owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.92% of the company’s stock.
BlackRock Company Profile (Free Report)
BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
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BlackRock oznámil rekordní výsledky za 2. čtvrtletí: tržby vzrostly o 31 % na 7,1 miliardy USD a čisté přílivy dosáhly 192 miliard USD. Aktiva ve správě stoupla na rekordních 15,3 bilionu USD.
BlackRock (NYSE:BLK) executives said the asset manager delivered record second-quarter results and its strongest first half on record, driven by broad-based client inflows, higher markets, acquisitions and continued demand for ETFs, private markets and technology offerings.
Chief Financial Officer Martin S. Small said BlackRock generated second-quarter revenue of $7.1 billion, up 31% from a year earlier, while adjusted operating income rose 39% to $2.9 billion. Adjusted earnings per share were $13.91, up 15% year over year. Small said all three measures reached quarterly records.
The firm reported $192 billion of total net inflows in the quarter, contributing to $868 billion of net inflows over the last 12 months. Small said those flows represented 8% organic base fee growth in the second quarter and 10% organic base fee growth over the past year.
Chairman and Chief Executive Officer Laurence D. Fink said BlackRock’s assets under management reached a record $15.3 trillion after increasing by more than $1 trillion so far in 2026. “Clients are turning to BlackRock for insight and opportunities, as evident in our results this quarter,” Fink said.
Margins Expand as Revenue Hits Record Small said BlackRock’s adjusted operating margin was 45.9% in the quarter, up 260 basis points from a year ago and the highest level in nearly five years. Excluding performance fees and related compensation, he said the adjusted operating margin would have been 46.5%, also up 260 basis points year over year.
Base fee and securities lending revenue was $5.7 billion, up 29% year over year, reflecting market gains, organic base fee growth and approximately $230 million in base fees from HPS. Performance fees rose to $305 million, including $115 million from HPS, and technology services and subscription revenue increased 13%. Annual contract value, or ACV, rose 15% from a year earlier.
Expenses increased 25% year over year. Small attributed the rise to higher compensation tied to operating income and performance fees, higher headcount from HPS, increased distribution and servicing costs, direct fund expenses and general and administrative expenses related to the acquisition.
BlackRock also raised its planned share repurchase pace. Small said the company repurchased $450 million of shares in the second quarter and now expects to repurchase at least $550 million per quarter going forward, subject to market and other conditions. Fink said BlackRock expects to return more than $5.7 billion to shareholders this year through dividends and buybacks, a 16% increase over 2025.
ETF Inflows Lead the Quarter BlackRock’s iShares ETF platform generated $178 billion of net inflows in the quarter, led by $85 billion in core equity ETFs and $61 billion in index bond ETFs. Small said active ETFs added $20 billion, while “precision” ETFs, including international and sector equity products, added $15 billion.
Fink said iShares now has more than $6 trillion in assets under management globally and is benefiting from increased adoption and category innovation. He said iShares has raised $80 billion year to date in Europe, bringing European AUM to $1.5 trillion. In Asia Pacific, locally domiciled iShares crossed $100 billion in assets during the quarter.
Fink also highlighted growth in active ETFs, saying BlackRock has gathered more than $70 billion in active ETF net inflows over the past year and is leading the industry in active flows in 2026. “In just the last three years, we’ve gone from the seventh largest active ETF manager to the third largest,” Fink said.
Retail net inflows were $19 billion, led by active fixed income, Aperio and liquid alternative funds. Institutional active net inflows totaled $44 billion, driven by private markets, fixed income, systematic strategies, outsourced chief investment officer offerings and target date products. Institutional index strategies saw $41 billion of net outflows, concentrated in low-fee index equities.
Private Markets and Acquisitions Gain Traction Executives said BlackRock’s acquisitions of Global Infrastructure Partners, HPS and Preqin are performing ahead of plan and supporting the company’s 2030 ambitions. Fink said the combined platform is helping accelerate opportunities across public and private markets, particularly in infrastructure, private credit and technology.
Small said private markets saw an aggregate $15 billion of net inflows in the second quarter. He said that included $6 billion from private credit deployment, $5 billion from a mix of infrastructure fundraising and deployment, and $3 billion from partial funding of a private equity solutions outsourcing mandate with a client in Latin America.
Fink said BlackRock has closed about $10 billion in high-grade and infrastructure debt mandates for insurance companies so far in 2026. He said insurers globally are increasingly seeking private markets exposure to earn higher yields, and that collaboration between HPS and GIP is building a pipeline of joint opportunities, particularly in digital infrastructure.
Fink also pointed to the expected close of Aligned Data Centers in the coming weeks, describing it as “the largest data center infrastructure transaction ever announced.” He said the transaction brought together AIP, GIP and MGX.
Technology, Tokenization and Customization Remain Priorities BlackRock executives emphasized technology as a key growth driver. Small said Aladdin, eFront and Preqin are benefiting from client demand for integrated technology, data and analytics across public and private markets. He said regulatory and market developments are increasing the need for private markets transparency and benchmarking.
Fink said creating a seamless analytical platform across public and private markets is “one of the key priorities for BlackRock over the coming year.” He said the company is not yet fully there, but sees strong demand from retail and institutional clients for tools that help them understand risk across entire portfolios.
On digital assets and tokenization, Small said BlackRock has about $110 billion in AUM connected to digital assets and aims, as part of its 2030 plan, to make digital assets a $500 million revenue business. He said the company is working to tokenize long-term investment products, including Treasury funds, iShares ETFs and potentially private markets over time.
Small said BlackRock has filed two registration statements with the SEC for tokenized money market funds. He also said the firm manages $60 billion of reserves for Circle, representing about a quarter of the $300 billion stablecoin market, and wants to be the stablecoin reserve manager of choice.
Executives Point to Structural Growth Themes Fink said he remains optimistic about global markets, citing broadening returns outside the U.S., higher corporate margins and earnings momentum supported by new technology. He said BlackRock benefits directly from capital market expansion because of its scale and client relationships around the world.
The company also highlighted growth in retirement and personalized wealth solutions. Fink said LifePath Paycheck has grown to $30 billion in AUM as plan sponsors focus on retirement income. He said Aperio’s AUM is approaching $200 billion, up more than fourfold since BlackRock acquired the business five years ago, while SpiderRock AUM has nearly tripled to $13 billion since its acquisition two years ago.
Small said Aperio generated $7 billion of net inflows in the second quarter, split roughly evenly between long-only and long-short strategies. He said 2026 Aperio flows of about $20 billion have already surpassed 2025’s record flows of $15 billion.
Fink closed the call by saying BlackRock’s first-half performance represented “the strongest start to a year in our history” and that investments in the platform are showing up in results. “I believe the best of BlackRock is still ahead,” he said.
About BlackRock (NYSE:BLK) BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.
In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.
Bank of America zvýšila cílovou cenu pro BlackRock na 1 320 USD a ponechala doporučení Buy. Zmínila silný růst v private markets, tokenizaci i Aladdin.
BlackRock Analyst Raises Price ForecastBank of America analyst Craig Siegenthaler reiterated a Buy rating on BlackRock and increased his price forecast to $1,320 from $1,298, implying roughly 21% upside from the stock’s July 15 closing price. The analyst also raised earnings estimates for 2026 through 2028, citing higher management and performance fees.
Direct Indexing Business Gains MomentumThe firm said BlackRock’s tax-managed investing platform, Aperio, generated $7 billion of net inflows during the second quarter, bringing year-to-date inflows to $20 billion, already exceeding the record $15 billion recorded in all of 2025.
Assets under management in the business have increased fourfold over the past five years, reinforcing what the analyst described as a durable secular growth opportunity.
Private Markets Continue Strong ExpansionBank of America also highlighted BlackRock’s expanding private markets franchise. The business attracted a record $15 billion of inflows during the quarter, supported by private credit deployment, infrastructure fundraising and a large private equity outsourcing mandate.
Tokenization Emerges as Long-Term Growth DriverThe report identified tokenization as another long-term catalyst. BlackRock manages approximately $60 billion of Circle reserve assets and has filed to launch two tokenized money market funds.
The analyst believes tokenized funds, exchange-traded funds and eventually private market products could create a new digital distribution channel by enabling on-chain subscriptions and redemptions through digital wallets, expanding access beyond traditional brokerage platforms.
Aladdin Positioned to Withstand AI CompetitionBank of America also said it remains unconcerned about artificial intelligence disrupting BlackRock’s Aladdin technology platform, arguing its entrenched workflow and system-of-record role create significant competitive advantages.
The analyst added that proposed U.S. retirement regulations could further increase demand for Aladdin and Preqin’s private markets data and analytics capabilities.
Margin Expansion and Long-Term Earnings OutlookLooking ahead, the firm expects BlackRock’s adjusted operating margin to exit 2026 near 46%, supported by continued growth in private markets and technology businesses.
It forecasts mid-double-digit earnings growth over time as the company gains market share across exchange-traded funds, fixed income, alternatives and technology solutions.
Bank of America reiterated its Buy rating on BlackRock, citing the company’s strong positioning across multiple secular growth businesses and its unmatched global distribution network.
The stock carries a Buy rating with an average price forecast of $1336.40. Recent analyst moves include:
UBS: Buy (Raises Target to $1320.00) (July 16) Evercore ISI Group: Outperform (Raises Target to $1245.00) (July 16) Morgan Stanley: Overweight (Raises Target to $1488.00) (July 16) BlackRock Price ActionBLK Price Action: BlackRock shares were down 0.40% at $1089.02 at the time of publication on Thursday, according to Benzinga Pro data.
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Největší správce aktiv na světě BlackRock zveřejnil výsledky hospodaření za druhé čtvrtletí roku 2026. Objem spravovaných aktiv (AUM) překonal průměrný odhad analytiků a dosáhl rekordní hodnoty. Nad odhady byly rovněž výnosy i čistý příliv aktiv.
Výsledky společnosti BlackRock (BLK) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 7,08 6,82 5,42 Čistý zisk (mld. USD) 1,91 -- 1,59 Očištěný zisk na akcii (EPS, USD/akcie) 13,91 12,66 12,05 Výsledky za 2Q Objem spravovaných aktiv (AUM) dosáhl rekordních 15,34 bil. USD, meziročně vzrostl o 22 % a překonal odhad 15,19 bil. USD.
Čistý příliv aktiv, zdroj: Blackrock
Čisté přílivy aktiv dosáhly 191,70 mld. USD, výrazně nad odhadem 175,92 mld. USD a nad loňskými 67,74 mld. USD. Z toho dlouhodobé přílivy činily 199,13 mld. USD. Institucionální klienti přinesli čisté přílivy 2,34 mld. USD, retailoví klienti 18,86 mld. USD. Podle typu produktu směřovalo do akciových strategií 71,60 mld. USD a do dluhopisových strategií 92,10 mld. USD.
Výnosy meziročně vzrostly o 31 % na 7,08 mld. USD, nad odhadem 6,82 mld. USD. Základní poplatky a výnosy z půjčování cenných papírů dosáhly 5,73 mld. USD (+29 % meziročně), nad odhadem 5,6 mld. USD. Výkonnostní poplatky (performance fees) činily 305 mil. USD oproti loňským 94 mil. USD, nad odhadem 276,4 mil. USD. Výnosy z technologických služeb dosáhly 566 mil. USD (+13 % meziročně), nad odhadem 551,7 mil. USD.
Celkové náklady vzrostly o 25 % meziročně na 4,62 mld. USD, nad odhadem 4,49 mld. USD.
Provozní marže dosáhla 34,7 % oproti loňským 31,9 %, pod odhadem 35,5 %. Očištěná provozní marže činila 45,9 % oproti loňským 43,3 %, nad odhadem 44,7 %.
Komentář CEO Laurence Fink, předseda představenstva a generální ředitel BlackRocku, uvedl: „Fundamenty trhu jsou silné a dobře podpořené, s vyššími maržemi a momentem v ziskovosti, které katalyzují nové technologie. Rozsah a hloubka našich klientských vztahů globálně nikdy nebyly větší. Klienti se obracejí na BlackRock kvůli poznatkům a příležitostem. To pohání rekordní finanční výkonnost, přílivy 868 mld. USD za posledních dvanáct měsíců a 10% růst organických základních poplatků. Přílivy za prvních šest měsíců roku 2026 více než zdvojnásobily meziroční hodnotu, což posunulo AUM na rekordních 15,3 bil. USD.“
„Ve druhém čtvrtletí nám klienti svěřili 192 mld. USD čistých přílivů, což generovalo 8% organický růst základních poplatků – výrazně nad naším cílem. iShares překročily 6 bil. USD v AUM, což je zhruba dvojnásobek za tři roky. Naše čtvrtletní upravená provozní marže dosáhla 45,9 % – nejvyšší za téměř pět let. Čtvrtletní provozní zisk vzrostl přibližně o 40 % meziročně. A naše přesvědčení o dalším růstu BlackRocku nás vedlo ke zvýšení plánované úrovně zpětných odkupů akcií v roce 2026 na 2 mld. USD,“ dodal Fink.
Návrat kapitálu akcionářům Společnost v aktuálním kvartále odkoupila vlastní akcie v hodnotě 450 mil. USD. Zároveň oznámila zvýšení plánovaných čtvrtletních zpětných odkupů na 550 mil. USD.
Akcie BlackRock Akcie BlackRock (BLK) v předburzovní fázi obchodování rostou o 1,91 % na 1 045,00 USD.
Akcie Blackrock Inc (BLK) před výsledky uzavřely na 1025,44 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 167,7 P/E 23,0 Vývoj za letošní rok (%) -4,2 Očekávané P/E 18,9 52týdenní minimum (USD) 917,4 Prům. cílová cena (USD) 1269 52týdenní maximum (USD) 1219,94 Dividendový výnos (%) 2,1 Zdroj: BlackRock, Bloomberg
BlackRock BLK is set to report its second-quarter earnings before the opening bell on Wednesday, July 15, with Wall Street expecting the world's largest asset manager to deliver another quarter of revenue and earnings growth.
Analysts expect BlackRock to report earnings per share of $12.65, up 5.0% from a year earlier, on revenue of $6.74 billion, representing 24.4% year-over-year growth.
Another consensus estimate projects EPS of $12.57 on revenue of $6.72 billion, also pointing to strong annual growth.
The asset manager enters the earnings report with a solid track record, having exceeded consensus EPS estimates in each of the past four quarters while beating revenue expectations in three of those periods.
Investors will be looking for signs that BlackRock can sustain its momentum amid evolving market conditions and changing industry dynamics.
Sentiment heading into BlackRock's earnings report has improved in recent months.
Over the past three months, analysts have issued seven upward revisions and three downward revisions to EPS estimates.
Revenue forecasts have also strengthened, with four upward revisions compared with one downward revision.
Wall Street remains broadly optimistic about the stock.
Analysts maintain a Buy consensus with an average price target of $1,259, implying roughly 22% upside from the current share price of $1,029.85.
Of the 17 analysts covering the company, 14 recommend buying the stock, while three maintain Hold ratings and none recommend selling.
Several brokerages have also raised their price targets ahead of the earnings release.
Barclays increased its target to $1,340, while Morgan Stanley raised its target to $1,430.
Earnings estimates have climbed 0.75% over the past 60 days, while revenue estimates have increased 1.74%, reflecting growing confidence ahead of the quarterly report.
Client flows and AUM remain key focusInvestors will closely monitor BlackRock's assets under management, net inflows into iShares exchange-traded funds and active strategies, fee revenue, and the performance of its technology and private markets businesses.
During the first quarter, BlackRock reported $136 billion in long-term net inflows.
Although this was below the $150 billion Visible Alpha consensus estimate, it included a record $132 billion in net inflows into iShares exchange-traded products, alongside $3 billion in active equity inflows and $9 billion in private markets inflows led by private credit and infrastructure.
The company also exceeded Wall Street's expectations in the first quarter, supported by 8% year-over-year organic fee growth and adjusted operating margin expansion of more than 100 basis points.
Investors will also assess the early performance of BlackRock's recently launched iShares Nasdaq 100 ETF, along with trends in fee rates and demand across its investment products.
Beyond traditional asset management, analysts will be watching the contribution from BlackRock's Aladdin technology platform and its alternatives business.
In a research note, Morgan Stanley said it believes BlackRock is "best-positioned within the asset management barbell given its leading iShares ETF platform, multi-asset and alternatives businesses, combined with a growing technology/Aladdin offering that should drive ~18% EPS CAGR (2025-28e) via ~5% average long-term organic growth."
Morgan Stanley also said its base-case outlook expects "+5.6% and +5.2% net inflows in 2026 and 2027, respectively, led by Alternatives and Fixed Income."
The earnings report is expected to provide further insight into whether BlackRock's scale, diversified business model, and technology offerings continue to offset broader industry pressure from lower management fees and rising operating costs.
Investors will also look for management commentary on client demand, market conditions, and capital deployment as they assess the firm's outlook for the second half of the year.
Wall Street analysts expect BlackRock (BLK - Free Report) to post quarterly earnings of $12.63 per share in its upcoming report, which indicates a year-over-year increase of 4.8%. Revenues are expected to be $6.75 billion, up 24.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some BlackRock metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Technology services revenue' of $552.81 million. The estimate indicates a change of +10.8% from the prior-year quarter.
Analysts expect 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal' to come in at $2.47 billion. The estimate indicates a change of +29.4% from the prior-year quarter.
Analysts forecast 'Revenue- Total investment advisory, administration fees and securities lending revenue' to reach $5.59 billion. The estimate indicates a change of +25.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Distribution fees' will likely reach $392.74 million. The estimate suggests a change of +22.7% year over year.
The average prediction of analysts places 'Revenue- Investment advisory, administration fees and securities lending revenue- Long-Term' at $5.25 billion. The estimate points to a change of +26.5% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- ETFs' will reach $447.55 million. The estimate indicates a year-over-year change of +22.3%.
According to the collective judgment of analysts, 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity- ETFs' should come in at $1.86 billion. The estimate points to a change of +32.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Investment advisory performance fees' should arrive at $259.04 million. The estimate indicates a year-over-year change of +175.6%.
Analysts predict that the 'Net inflows' will reach $115.96 billion. The estimate compares to the year-ago value of $67.74 billion.
Analysts' assessment points toward 'Assets under management - Cash management' reaching $1082.05 billion. The estimate is in contrast to the year-ago figure of $969.70 billion.
The consensus estimate for 'Total Assets Under Management' stands at $14837.35 billion. Compared to the current estimate, the company reported $12527.59 billion in the same quarter of the previous year.
The consensus among analysts is that 'Net inflows - Product Type - Cash management' will reach $13.45 billion. The estimate compares to the year-ago value of $21.95 billion.
View all Key Company Metrics for BlackRock here>>>
Shares of BlackRock have experienced a change of +0.3% in the past month compared to the +2.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), BLK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
BlackRock uzavřel poslední seanci na 1 019,68 USD, což znamenalo denní růst o 2,96 % a lepší výkon než S&P 500. Investoři sledují výsledky, které firma zveřejní 15. července 2026.
BlackRock (BLK - Free Report) ended the recent trading session at $1,019.68, demonstrating a +2.96% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.81%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.
Shares of the investment firm witnessed a loss of 2.01% over the previous month, trailing the performance of the Finance sector with its gain of 4.07%, and the S&P 500's gain of 1.13%.
The investment community will be paying close attention to the earnings performance of BlackRock in its upcoming release. The company is slated to reveal its earnings on July 15, 2026. The company's upcoming EPS is projected at $12.54, signifying a 4.07% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.75 billion, indicating a 24.51% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $53.46 per share and revenue of $28.08 billion. These totals would mark changes of +11.17% and +15.97%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BlackRock. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.92% upward. Right now, BlackRock possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that BlackRock has a Forward P/E ratio of 18.53 right now. This denotes a premium relative to the industry average Forward P/E of 11.41.
We can also see that BLK currently has a PEG ratio of 1.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Financial - Investment Management stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
UBS před výsledky BlackRocku říká, že je vhodné akcie držet díky atraktivní valuaci a kombinaci růstu a obrany. Čeká silnou poptávku po ETF a organický růst základních poplatků kolem 7,8 %.
BlackRock Inc (NYSE:BLK) reports second-quarter results before the bell on July 15, and UBS is telling clients this is a good time to be holding the stock.
The bank's case: an attractive valuation paired with a rare combination of growth and defensiveness.
UBS expects strong ETF demand to more than make up for weaker cash and institutional flows this quarter, with organic base fee growth landing around 7.8%. That would put BlackRock at the high end of its own "6-7% or higher" guidance.
The bank's EPS estimate comes in a bit below consensus, but it sees operating income and other key metrics, including long-term flows, fee rate, and management fees, all coming in ahead of the Street.
Behind the numbers, UBS raised its operating income estimate on higher management fees and leaner G&A spending, though that's partly offset by softer performance fees tied to a seasonally quieter first half. Aladdin and Preqin related tech and risk management fees are expected to climb 12% year over year.
Management fees are pegged at $5.6 billion, ahead of the Street's $5.5 billion, on the back of a higher average fee rate and AUM. UBS is modeling average AUM of $14.5 trillion, above consensus of $14.3 trillion.
Flows are where things get interesting. UBS is calling for $110 billion in iShares equity inflows, which would be one of the strongest quarters ever for the segment and a step up from $88.1 billion last quarter. Fixed income ETFs look even stronger on a relative basis, with an estimated $66 billion in inflows marking a record quarter.
On the back of all this, UBS bumped up its 2026 and 2027 EPS estimates to $53.87 and $60.48. The price target holds steady at $1,270, but the bank trimmed its multiple slightly to 21x from 21.5x, citing growing uncertainty around private assets and how tokenization and perpetual futures could reshape the competitive landscape down the road.
On the earnings call, UBS will focus on six things: whether base fee growth holds up, progress toward BlackRock's 50%+ margin target, competitive positioning of the new iShares Nasdaq-100 ETF, durability of ETF and tech contract value growth, private credit trends, and capital return plans, with buybacks guided at $450 million or more per quarter for the rest of the year.
The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesJuly 7 (Reuters) - BlackRock (BLK.N), opens new tab said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index (.NDX), opens new tab, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.
The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will track the flagship U.S. index and start trading under the ticker on Thursday, just months after the Nasdaq (NDAQ.O), opens new tab revised its criteria to accelerate the inclusion of newly listed companies such as SpaceX (SPCX.O), opens new tab.
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BlackRock's ETF will compete with asset manager Invesco's Nasdaq-100 franchise, which has long dominated the market for investors seeking access to large-cap growth and tech-heavy stocks through its QQQ Trust Series 1 (QQQ.O), opens new tab and Nasdaq 100 (QQQM.O), opens new tab ETFs. Last month, bank State Street (STT.N), opens new tab also launched a Nasdaq 100 ETF (QNDX.O), opens new tab.
"IQQ enhances our ability to offer investors access to the Nasdaq-100 with iShares ETFs — providing complementary strategies that allow them to align their portfolios with their objectives," said U.S. head of iShares at BlackRock Elise Terry.
Strong investor demand for large-caps and technology-focused stocks helped the Nasdaq 100 (.NDX), opens new tab log its best quarter since April 2020 in the three months ended June. The index tracks the top 100 non-financial companies listed on the Nasdaq stock exchange.
The iShares Nasdaq 100 ETF will start trading with an initial net asset value (NAV) of $24 per share. In comparison, the NAVs of Invesco's funds are $722.45 and $297.45, respectively.
BlackRock currently has over $41 billion in assets under management through its other Nasdaq 100 strategies such as the iShares Nasdaq Top 30 Stocks ETF (QTOP.O), opens new tab and the iShares Nasdaq Premium Income Active ETF (BALQ.O), opens new tab.
Reporting by Johann M Cherian in Bengaluru and Lewis Krauskopf in New York; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
BlackRock, Inc. (NYSE:BLK) will release its second quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the New York-based company to report quarterly earnings of $12.55 per share, up from $12.05 per share in the year-ago period. The consensus estimate for BlackRock’s quarterly revenue is $6.63 billion. It reported $5.42 billion last year, according to Benzinga Pro.
On May 20, BlackRock declared a quarterly dividend of $5.73 on common stock.
BlackRock shares rose 1.6% to close at $995.73 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying BLK stock? Here’s what analysts think:
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BlackRock spustí iShares Bitcoin Premium Income ETF, který má sledovat bitcoin a zároveň vyplácet výnos pomocí opční strategie. Roční výnos má činit 12,5 %.
Bitcoin (BTC 0.04%) is taking it on the chin. The dominant cryptocurrency currently trades 51% off its all-time record (as of July 2).
This bear market hasn't stopped BlackRock (BLK +1.57%) from continuing to expand its related product suite. With the January 2024 launch of the iShares Bitcoin Trust, the massive asset manager already has a stake in Bitcoin's success. Even with record net outflows in June, this exchange-traded fund (ETF) currently has $44 billion in total assets.
BlackRock isn't done. It just launched the iShares Bitcoin Premium Income ETF (BITA +2.19%) on June 9. Is this new investment vehicle a buy?
Image source: Getty Images.
Generating income from a no-yield asset The iShares Bitcoin Premium Income ETF "seeks to track the performance of bitcoin while generating premium income through an actively managed options strategy," according to its website. The ETF, which comes with an expense ratio of 0.65%, uses a covered call strategy. The portfolio's holdings consist of Bitcoin and the iShares Bitcoin Trust.
This ETF is different from BlackRock's previous Bitcoin offering. The iShares Bitcoin Trust owns the underlying cryptocurrency and a tiny amount of cash. Its sole purpose is to track the digital asset's price movements.
The iShares Bitcoin Premium Income ETF provides access to Bitcoin in a unique way. It caps exposure to Bitcoin's upside, since the options strategy forces the ETF to sell its positions if the crypto's price rises above a certain threshold. If its price is surging higher, these investors won't capture the entire gain.
However, the ETF provides better downside protection. If Bitcoin is volatile but continues to trade sideways, there's a nice income stream. Based on the ETF's upcoming July 8 distribution of $0.52 per share, the annual yield amounts to 12.5%.
Bitcoin doesn't produce income. The iShares Bitcoin Premium Income ETF is structured to provide investors with a way to earn a yield. Some market participants will find this extremely valuable.
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Built for a specific investor BlackRock offers 487 different ETFs to its client base. The investment firm has a front-row seat at the assets, themes, and exposures that the investment community desires. It can leverage its vast resources to create and distribute these products.
Therefore, I suspect there will be demand for the iShares Bitcoin Premium Income ETF, even though its asset base of $43 million is tiny right now. Bitcoin is in a bear market. Disappointed by the lack of any gains, investors are starved for yield. Leave it to a colossal Wall Street entity to engineer a product that can generate fee revenue, while targeting investors who are interested in a unique approach to Bitcoin.
Only buy this ETF if you expect the cryptocurrency's price to grow at a slow pace in the future. If you're extremely bearish, then stay away.
Bitcoin bulls, on the other hand, won't find this ETF attractive for their portfolios. To them, buying the digital asset outright and holding it in cold storage is still the best course of action.
Neil Patel has positions in iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin, BlackRock, and iShares Bitcoin Trust. The Motley Fool has a disclosure policy.
BlackRock přesouvá růst na privátní trhy, kde jsou vyšší poplatky než u ETF. Organický čistý růst poplatků meziročně vzrostl o 8 % a byl sedmý kvartál po sobě nad 5 %.
BlackRock (BLK +1.57%) is one of the largest sponsors of exchange-traded funds (ETFs). ETFs make up around 40% of its business. There's just one problem with that: ETFs generally have low expense ratios. ETFs are a reliable business, but other businesses are more profitable. One such business is private markets, where BlackRock is currently focusing its growth efforts. Here's what you need to know.
BlackRock has a solid foundation To be fair, given the size of BlackRock's ETF business, it generates significant revenue from these generally low-cost products. Economies of scale are hugely important in the finance industry. The company's ETF operation is a solid foundation for its other businesses. And, notably, it can even complement them. That's actually an important fact to consider as BlackRock looks to expand its private markets operation.
Image source: Getty Images.
Private market investments are, basically, investments in non-public businesses. These investments take many forms, including debt, real estate, infrastructure assets, and private company investments. Investors hope that returns from private market investments will be higher than those available from public markets. For BlackRock, a manager of private-market investments, the appeal of the space lies in the higher fees it can generate from managing these investments.
Notably, BlackRock's organic net fee growth rose 8% year over year, marking the seventh consecutive quarter above 5%. The 8% figure is also the highest for the first quarter in five years. A big part of the story has been the company's push over the past several years to build out its private markets business.
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BlackRock is ready for the next big opportunity At this point, BlackRock is something of a one-stop shop, allowing customers to meet a plethora of investment needs with just one relationship. However, there's an important aspect to this story that could allow the company to really hit the accelerator. At this point, private market investments aren't generally available in retirement accounts, like a 401(k).
There are efforts underway to change that, which would open up a whole new playing field for BlackRock. It already has a place at the table, however, so it will just be expanding on existing relationships. That will likely even include increasingly adding private-market investments to ETF products. If you own BlackRock or are considering buying it, you will want to keep a close eye on the growth of its private markets business. It could even be more important to the company's earnings than the sheer size of the assets it manages, given the higher fees private market investments generate.
Ministerstvo financí USA zvolilo pro Trump Accounts dvě ETF od BlackRock a jako alternativu Vanguard Total Stock Market ETF. Program pro dětské spořicí účty má začít 4. července.
The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
CompaniesJuly 1 (Reuters) - The U.S. Treasury has selected two BlackRock (BLK.N), opens new tab exchange-traded funds for Trump Accounts and named Vanguard as an alternate fund partner for the government's new child savings program, which is set to launch on July 4.
BlackRock's iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) were chosen, both carrying expense ratios of 0.03%. Vanguard Total Stock Market ETF (VTI) was named an alternate investment option.
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"By giving younger Americans the opportunity to start investing earlier, Trump Accounts can help millions build long-term financial security," said BlackRock Chairman and CEO Larry Fink.
Under the scheme, the U.S. Treasury will deposit $1,000 as seed money into an investment account for each child with a valid Social Security number born between 2025 and 2028.
Many investment firms and corporations, including BlackRock, said they would match the U.S. government's $1,000 contribution for their employees.
Reporting by Pragyan Kalita in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
BlackRock (BLK - Free Report) closed at $971.92 in the latest trading session, marking a -1.09% move from the prior day. This change lagged the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Prior to today's trading, shares of the investment firm had lost 8.2% lagged the Finance sector's gain of 2.29% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of BlackRock in its upcoming release. The company is predicted to post an EPS of $12.43, indicating a 3.15% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.67 billion, up 23.03% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $52.8 per share and revenue of $27.65 billion, indicating changes of +9.79% and +14.19%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BlackRock. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, BlackRock is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, BlackRock is holding a Forward P/E ratio of 18.61. Its industry sports an average Forward P/E of 11.34, so one might conclude that BlackRock is trading at a premium comparatively.
One should further note that BLK currently holds a PEG ratio of 1.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Management was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. With its current Zacks Industry Rank of 200, this industry ranks in the bottom 19% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
