Edition:
United States

BlackRock Inc (BLK)

BLK on New York Consolidated

433.81USD
26 Jul 2017
Change (% chg)

$2.46 (+0.57%)
Prev Close
$431.35
Open
$432.44
Day's High
$435.53
Day's Low
$431.26
Volume
606,681
Avg. Vol
561,343
52-wk High
$442.83
52-wk Low
$336.84

Latest Key Developments (Source: Significant Developments)

Lightsource and BlackRock to buy UK solar power assets worth 1 bln stg
Tuesday, 25 Jul 2017 06:00am EDT 

July 25 (Reuters) - BlackRock Inc :LIGHTSOURCE AND BLACKROCK REAL ASSETS TARGET A GBP 1 BILLION UK SOLAR PARTNERSHIP.PARTNERSHIP TARGETING ACQUISITION AND OWNERSHIP OF UK SOLAR POWER GENERATION ASSETS WITH AN ANTICIPATED AGGREGATE ENTERPRISE VALUE OF £1 BILLION.NEWLY CREATED PARTNERSHIP, CALLED "KINGFISHER", AIMS TO CONSOLIDATE SECONDARY UK SOLAR MARKET.LIGHTSOURCE AND BLACKROCK REAL ASSETS WILL TARGET ACQUISITION OF OPERATIONAL UTILITY SCALE SOLAR ASSETS IN UK OVER A THREE-YEAR PERIOD.  Full Article

BlackRock declares quarterly dividend $2.50 on common stock
Thursday, 20 Jul 2017 11:13am EDT 

July 20 (Reuters) - Blackrock Inc ::Sets quarterly dividend of $2.50 per share.  Full Article

Serco appoints Blackrock for a 1.5 bln stg liability driven investing portfolio
Thursday, 20 Jul 2017 04:21am EDT 

July 20 (Reuters) - Serco Group Plc :Serco appoints Blackrock for a 1.5 bln stg LDI mandate.Trustees of Serco pension scheme have appointed Blackrock to manage its liability driven investing (LDI) portfolio.Appointment follows a competitive tender process, coordinated by scheme's investment consultant​​.LDI strategy has now been aggregated into one portfolio managed solely by Blackrock.  Full Article

BlackRock Q2 earnings per share $5.22
Monday, 17 Jul 2017 06:30am EDT 

July 17 (Reuters) - BlackRock Inc ::BlackRock reports second quarter 2017 diluted EPS of $5.22, or $5.24 as adjusted.Q2 earnings per share $5.22.Q2 earnings per share view $5.40 -- Thomson Reuters I/B/E/S.BlackRock Inc - Q2 adjusted operating income $‍1,246​ million versus $1,179 million last year.Reports ‍$104 billion of total net inflows in Q2​.BlackRock Inc - Q2 adjusted net income $‍860​ million versus $797 million last year.Reports ‍$94 billion of long-term net inflows in the quarter ​.BlackRock Inc qtrly ‍ishares etfs long-term net inflows of $73.8 billion​.BlackRock Inc - at quarter end, ‍cash management aum increased 4% to $402.6 billion​.Assets under management at Q2-end were $‍5.69 trillion versus. $4.89 trillion last year.BlackRock Inc - qtrly gaap revenue $2,965 million versus. $2,804 million last year.BlackRock Inc - qtrly gaap net income $857 million versus. $789 million last year.Q2 revenue view $3.02 billion -- Thomson Reuters I/B/E/S.  Full Article

Blackrock expands iShares fixed income ETF offerings
Thursday, 13 Jul 2017 06:00am EDT 

July 13 (Reuters) - Blackrock Inc -:Blackrock expands iShares fixed income ETF offerings.Blackrock Inc - to meet client demand, co expanding ishares fixed income offering to include two new emerging categories - Smart Beta and ESG.  Full Article

Blackrock's Turnill says "continue to favour international stocks over U.S. stocks"- CNBC
Monday, 10 Jul 2017 07:43am EDT 

July 10 (Reuters) - :Blackrock strategist Richard Turnill says "continue to favour international stocks over U.S. stocks"- CNBC.  Full Article

Blackrock's UK strategic alternative income fund raises over 500 mln stg
Monday, 10 Jul 2017 04:42am EDT 

July 10 (Reuters) - Blackrock Inc :Blackrock has completed first close of its UK Strategic Alternative Income Fund.Fund closed at end of June with over 500 million stg secured in commitments from a range of institutional investors in UK.BlackRock UK Strategic Alternative Income Fund is a sterling-denominated pooled fund, designed to deliver predictable, long-term cash flows targeting a net annual yield of 5 pct over the investment cycle.BlackRock's 2017 Rebalancing Survey found that large institutional investors are set to deploy cash in 2017, with investors expected to make significant moves into less liquid assets. .On a net basis, 63 pct of UK investors expect to increase their allocations to real assets this year. .  Full Article

BlackRock's Rick Rieder says U.S. 10-year treasury yield could trade in 2.50-2.75 pct range by year end
Friday, 7 Jul 2017 04:31pm EDT 

July 7 (Reuters) - BlackRock Inc :BlackRock chief investment officer of global fixed income, Rick Rieder, says U.S. 10-Year treasury yield could trade in 2.50-2.75 percent range by year end.BlackRock's Rieder -strong employment report went long way toward dispelling prior disappointment & think it should keep fed’s policy normalization path on track‍​.BlackRock's Rieder - ECB president Draghi's recent policy pronouncements shifting global longer-term interest rate paradigm, driving real rates higher in U.S..BlackRock's Rieder says do not believe treasury rates headed continually higher, but rather that "we are stair-stepping higher to a new range for rates".BlackRock's Rieder says thinks that fed will see wage data as satisfactory & clearly can execute a Sept. decision on initiating balance-sheet reduction‍​.BlackRock's Rieder says rates investors must watch central bank policy evolution well beyond U.S.’s borders, such as ECB and BoJ policy.  Full Article

Blackrock's Turnill says expects to see reduction in global oil inventories in H2
Monday, 3 Jul 2017 11:49am EDT 

July 3 (Reuters) - Blackrock's Strategist Richard Turnill:Global oil supply glut hasn’t eased as fast as we thought, but expect to see reduction in global oil inventories in second half."We now see oil prices fluctuating around current levels, in a lower range than we had expected earlier this year".We believe U.S. oil production could be further constrained by reduced labor supply and rising input costs.Prefer shares of exploration and production (E&P) companies, particularly low-cost U.S. Shale producers.Global oil demand not yet risen to offset higher supply, but see sustained above-trend economic growth to support oil demand from here.We also like emerging market energy equities and selected debt of high-quality exploration and production companies.Growth rate of U.S. oil production has slowed recently‍​.  Full Article

Arise: acquisition and subsequent sale of the 115 MW Svartnäs wind farm
Friday, 30 Jun 2017 09:15am EDT 

June 30 (Reuters) - ARISE AB :ARISE ANNOUNCES THE ACQUISITION AND SUBSEQUENT SALE OF THE 115 MW SVARTNÄS WIND FARM TO A FUND MANAGED BY BLACKROCK.‍EXPECTS THAT SALE WILL HAVE A POSITIVE IMPACT ON EARNINGS OF UP TO 97 MSEK OVER YEARS 2017 - 2019​.TOTAL PROJECT COSTS ARE ESTIMATED TO APPROX. 130 MEUR WHICH WILL BE FULLY FUNDED BY BLACKROCK.  Full Article

Deutsche Bank asset management listing seen in H1 2018 at earliest - sources

FRANKFURT/LONDON Deutsche Bank's planned listing of its asset management arm is unlikely before the first half of next year and could be later, as it wants more time to refine and sell the business's strategy to potential investors, people close to the matter said.