Edition:
United States

BlackRock Inc (BLK.N)

BLK.N on New York Stock Exchange

380.93USD
3:22pm EDT
Change (% chg)

$5.93 (+1.58%)
Prev Close
$375.00
Open
$373.79
Day's High
$381.77
Day's Low
$373.79
Volume
54,474
Avg. Vol
137,620
52-wk High
$399.38
52-wk Low
$317.62

Latest Key Developments (Source: Significant Developments)

Blackrock to sell to underwriters $700 mln principal amount of 3.200% notes due 2027
Wednesday, 22 Mar 2017 06:12pm EDT 

Blackrock Inc : On March 21, entered underwriting agreement with J.P. Morgan Securities, Merrill Lynch, pierce, Fenner & Smith, Morgan Stanley . Pursuant to agreement, co agreed to sell to underwriters $700 million aggregate principal amount of its 3.200% notes due 2027 - sec filing .Says intends to use net proceeds from offering towards redemption of its outstanding 6.25% notes due 2017.  Full Article

BlackRock’s strategist Richard Turnill says upgrading European equities & downgrading Emerging Market debt
Monday, 6 Feb 2017 10:29am EST 

BlackRock's Strategist Richard Turnill: Says "economic outlook is picking up" . "We believe the political risk priced into European markets around upcoming French & German elections is overstated" . Believe European equities should benefit in a reflation scenario in Europe, absent any other shocks . Says European earnings have historically been more sensitive to global economy pick-ups than U.S. counterparts . Says European earnings have historically been more sensitive to global economy pick-ups than U.S. counterparts . Says "we see long-term opportunities in emerging markets bonds, but higher valuations give us pause today" . Says "we favor emerging markets equities and European stocks that benefit from global growth including EMs" . Says we are upgrading European equities to overweight . Upgrading European equities to overweight and cutting emerging market debt to neutral over short term . "We have cut emerging markets debt and Asian fixed income to neutral from overweight" Further company coverage: [BLK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BlackRock buys equity infrastructure franchise of First Reserve
Wednesday, 1 Feb 2017 05:04am EST 

BlackRock Inc : Blackrock acquires energy infrastructure franchise from First Reserve . Terms were not disclosed . Financial impact of transaction is not material to BlackRock earnings per share .Energy Infrastructure team will join BlackRock's Infrastructure Investment platform.  Full Article

JPMorgan to become custodian for $1 tln in BlackRock assets - WSJ, citing a source
Wednesday, 25 Jan 2017 08:10am EST 

: JPM will spend about two years adding BlackRock custodial assets to its existing $20.5 trillion platform - WSJ, citing a source . JPM struck a deal to be custodian for more than $1 trillion of BlackRock Inc.’s assets, poaching the business from State Street Corp - WSJ, citing a source Source : (http://on.wsj.com/2ksMNhV) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackrock Real Assets closes Trafford Housing Trust debt investment
Tuesday, 24 Jan 2017 04:13am EST 

BlackRock Real Assets: Blackrock Real Assets closes Trafford Housing Trust debt investment . Debt investment, alongside other institutional investors, forms part of 275 mln stg long-term financing of a UK housing association in Manchester, England Further company coverage: [BLK.N] ((Bengaluru Newsroom +918067491136)).  Full Article

Blackrock CEO Fink says if the roll out of Trump's growth initiaves are slower, then the markets are ahead of themselves - CNBC
Friday, 13 Jan 2017 07:30am EST 

Blackrock Inc : Blackrock CEO Larry Fink says if the roll out of growth initiaves by President-elect Trump are slower, then the markets are ahead of themselves - CNBC . Blackrock CEO says "I believe the global ecosystem of the world needs a strong US-Chinese relationship" - CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BlackRock reports Q4 earnings per share $5.13
Friday, 13 Jan 2017 06:40am EST 

BlackRock Inc - : BlackRock reports full year 2016 diluted EPS of $19.04, or $19.29 as adjusted . Q4 earnings per share $5.13 . Q4 earnings per share view $5.03 -- Thomson Reuters I/B/E/S . Q4 2016 diluted EPS of $5.13, or $5.14 as adjusted . Board of directors approves 9% increase in quarterly cash dividend to $2.50 per share . Board of directors approves 9% increase in quarterly cash dividend to $2.50 per share and authorizes repurchase of an additional 6 million shares . $98 billion of Q4 total net inflows . Q4 adjusted operating income $ 1,232 million versus $1,143 million last year . Q4 ishares long-term net inflows of $49.3 billion versus. Long-Term net inflows of $60.2 billion last year . Qtrly revenue $2,890 million versus $2,863 million last year . Q4 adjusted net income $852 million versus $801 million last year . At quarter end, cash management aum increased 4% to $403.6 billion . AUM at quarter-end $5.15 trillion versus $4.65 trillion . Qtrly net income $851 million versus $861 million last year . Q4 retail long-term net outflows of $2.4 billion . Q4 revenue view $2.93 billion -- Thomson Reuters I/B/E/S . BlackRock Inc - "Investors are rethinking their approach to active management, asset allocation and portfolio construction" . BlackRock Inc - "We're seeing more clients use active and index strategies together to deliver returns".  Full Article

Anadarko announces sale of Eagleford Shale assets for about $2.3 bln
Thursday, 12 Jan 2017 06:30pm EST 

Anadarko Petroleum Corp : Anadarko announces sale of Eagleford shale assets . Divestiture includes approximately 155,000 net acres primarily located in Dimmit and Webb counties . Anadarko Petroleum Corp - deal for for approximately $2.3 billion . Anadarko Petroleum Corp - to sell its Eagleford shale assets in South Texas to Sanchez Energy Corporation and Blackstone Group Lp .Anadarko petroleum - Anadarko's sponsored master limited partnership, Western Gas Partners, LP, to continue to own, operate midstream assets in South Texas.  Full Article

Performance Food Group announces secondary offering of common stock
Tuesday, 10 Jan 2017 04:40pm EST 

Performance Food Group Co : Performance Food Group Company announces secondary offering of common stock .Performance Food Group Co - Intend to offer for sale in an underwritten secondary offering 10 million shares of common stock of company.  Full Article

Lincoln says Lincoln Core Income expected to be available in Q1 2017
Wednesday, 7 Dec 2016 08:41am EST 

Lincoln National Corp : Lincoln announces exclusive strategic collaboration with Blackrock to develop a first of its kind guaranteed income strategy designed specifically for fee-based advisors and their clients .Lincoln National Corp - Lincoln Core Income is anticipated to be available in Q1 of 2017.  Full Article

More From Around the Web

BRIEF-BlackRock at 5 pct of Snam as of March 21 - filing

* U.S. investment company BlackRock owned 5.006 percent in Italian gas grid company Snam, with voting rights at 4.922 percent as of March 21, according to a filing published by the Italian market watchdog Consob Further company coverage: (Reporting by Milan newsroom)