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BlackRock Inc (BLK.N)

BLK.N on New York Stock Exchange

407.02USD
26 May 2017
Change (% chg)

$0.66 (+0.16%)
Prev Close
$406.36
Open
$404.24
Day's High
$407.75
Day's Low
$403.12
Volume
81,069
Avg. Vol
122,759
52-wk High
$407.90
52-wk Low
$317.62

Latest Key Developments (Source: Significant Developments)

Blackrock says ‍shareholder proposal on proxy voting record on executive compensation not approved at meeting
Friday, 26 May 2017 01:52pm EDT 

May 26 (Reuters) - Blackrock Inc ::Blackrock says ‍shareholder proposal on production of annual report on some trade association & lobbying expenditures not approved at meeting - SEC filing​.Shareholder proposal regarding proxy voting record on executive compensation not approved - SEC filing.  Full Article

Blackrock sets quarterly dividend of $2.50 per share
Thursday, 25 May 2017 03:51pm EDT 

May 25 (Reuters) - Blackrock Inc ::Sets quarterly dividend of $2.50 per share.  Full Article

Blackrock expands infrastructure presence in Colombia
Thursday, 25 May 2017 01:59pm EDT 

May 25 (Reuters) - Blackrock Inc :Blackrock expands infrastructure presence in colombia.Blackrock says launches the colombia infrastructure debt fund, the firm’s first infrastructure investment vehicle in colombia.Blackrock Inc says infrastructure investment in latin america on behalf of local and international clients is a "strategic priority" for blackrock.Blackrock Says Luis Carlos Nuñez has joined Blackrock’S Colombia team as head of Blackrock’S Colombia infrastructure debt business.  Full Article

Blackrock to locate new corporate headquarters at 50 Hudson Yards, New York
Thursday, 25 May 2017 12:23pm EDT 

May 25 (Reuters) - Blackrock Inc ::On May 24, co entered into agreement with 50 HYMC owner LLC to lease about 847,000 rentable square feet of office space - SEC filing.Term of lease is 20 years from rent commencement date, which is expected to begin on or about May 1, 2023.Lease is expected to require annual base rental payments of about $50.8 million per year during first five years of lease term.Expects to locate its new corporate headquarters at 50 Hudson Yards, which is owned by JV of related Cos L.P. & Oxford Hudson Yards LLC.Lease would increase every five years to $58.4 million, $66.1 million and $73.7 million per year.  Full Article

Blackrock CEO Larry Fink says corporate earnings have kept pace with market rise at shareholders' meeting
Thursday, 25 May 2017 08:57am EDT 

May 25 (Reuters) - Blackrock Inc :Blackrock CEO Larry Fink at shareholders' meeting says corporate earnings have kept pace with market rise.Blackrock's Fink says global growth is accelerating.Blackrock's Fink says stay in equities, which will be a 'good place for awhile'.Blackrock's Fink says he expects to see more wage growth.  Full Article

Blackrock's Turnill says with inflation up from depressed levels, see rising real rates driving yields up from here
Monday, 15 May 2017 10:56am EDT 

May 15 (Reuters) - Blackrock's strategist Richard Turnill::Blackrock's strategist Richard Turnill says with inflation up from depressed levels, see rising real rates driving yields up from here.Blackrock's strategist richard Turnill says "real yields do not yet appear to be pricing in the sustained economic expansion we see ahead".Blackrock's Turnill says rising real yields also likely mean lower-to-flat stock valuations, a factor holding down equity returns.Blackrock's Turnill - Generally prefer non-U.S. Equities and selected alternatives over fixed income, credit over government bonds on fiveyear time horizon.Blackrock's Turnill says many alternatives currently do not compensate investors generously for their illiquidity, in our view.Blackrock's Turnill says prospective equity returns are low relative to history, but we see even more subdued returns for government debt as yields shift gradually higher.Blackrock's Turnill says many alternatives offer diversification benefits & potential excess returns in long run if investors can access top managers.  Full Article

Blackrock Inc takes share stake of 9.4 mln Class A shares in Snap Inc
Friday, 12 May 2017 05:15pm EDT 

May 12 (Reuters) - Blackrock Inc ::Blackrock Inc takes share stake of 9.4 million Class A shares in Snap Inc - SEC filing.Blackrock Inc - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Norges Bank reports 5.01 pct passive stake in BlackRock as of April 13
Wednesday, 19 Apr 2017 08:42am EDT 

April 19 (Reuters) - Norges Bank: :Norges Bank - reports 5.01 percent passive stake in BlackRock Inc as of April 13 - sec filing.  Full Article

BlackRock reports Q1 2017 diluted EPS of $5.23 per share
Wednesday, 19 Apr 2017 06:30am EDT 

April 19 (Reuters) - BlackRock Inc :BlackRock reports first quarter 2017 diluted EPS of $5.23, or $5.25 as adjusted.Q1 earnings per share $5.23.Q1 earnings per share view $4.88 -- Thomson Reuters I/B/E/S.BlackRock Inc says 9% increase in quarterly cash dividend to $2.50 per share and $275 million of share repurchases.BlackRock Inc - $80 billion of long-term net inflows in quarter.BlackRock Inc - Q1 adjusted operating income $1,151 million versus $1,047 million last year.BlackRock Inc - Q1 adjusted net income $865 million versus $711 million last year.BlackRock Inc says qtrly GAAP revenue $2,824 million versus. $2,624 million last year.BlackRock Inc says qtrly GAAP net income $862 million versus. $657 million last year.BlackRock Inc - Qtrly institutional active long-term net outflows of $1.0 billion reflected equity and fixed income net outflows of $4.7 billion and $1.3 billion.BlackRock Inc says at quarter end, cash management aum decreased 4% to $388.9 billion.BlackRock Inc - Assets under management at Q1-end were $5.42 trillion versus $4.74 trillion last year.BlackRock Inc - Q1 ishares long-term net inflows of $64.5 billion versus. Long-Term net inflows of $24.2 billion last year.Q1 revenue view $2.87 billion -- Thomson Reuters I/B/E/S.  Full Article

Blackrock Inc and subsidiaries enters amendment no. 6
Tuesday, 11 Apr 2017 04:51pm EDT 

Blackrock Inc : Blackrock Inc - on April 6, co, subsidiaries entered amendment no. 6 to its 5-year revolving credit agreement, dated as of March 10, 2011 . Blackrock Inc - Amendment no. 6 establishes that $4 billion revolving facility provides a minimum availability of $600 million .Blackrock -amendment extends maturity of facility to April 6, 2022 without utilizing option to request extensions of maturity available under credit deal.  Full Article

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BRIEF-Blackrock sets quarterly dividend of $2.50 per share

* Sets quarterly dividend of $2.50 per share Source text for Eikon: Further company coverage: