Latest news with #BLK
Yahoo
a day ago
- Business
- Yahoo
BlackRock Dissolves Private Credit Partnership With Mubadala in Asia
BlackRock Inc. BLK and Mubadala Investment have jointly agreed to end their Asian private credit collaboration, which focused on investments in China and Indonesia, due to challenges in sourcing deals. This was reported by Bloomberg, citing people familiar with the matter. As part of the partnership launched in 2023, Mubadala had committed to matching every U.S. dollar that BlackRock invested. The partnership has allocated only a small portion of its capital so far, as deal origination in China has been challenging, with the targeted return profile being in the mid-teens Ganis, head of private credit in Indonesia, departed in the early days of the partnership, making deal origination in the country more challenging. BlackRock has been aiming to boost its private markets capabilities to generate higher returns. In March 2025, it acquired Preqin for $3.2 billion to enhance its private markets offerings. In December 2024, it agreed to acquire HPS Investment Partners to deepen its presence in the private credit market. In October 2024, the company acquired Global Infrastructure Partners to enhance its infrastructure offerings and origination in its investor presentation last month, BLK predicted that the private credit market could expand to $4.5 trillion by 2030, and hence it targeted $400 billion in private markets fundraising by that time. Recently, BLK got selected by Great Gray Trust Company, LLC to offer a retirement solution featuring private equity and credit has also collaborated with Partners Group to combine a varied pool of private assets into a single portfolio of alternatives for retail clients. Over the past year, BLK shares have gained 33%, outperforming the industry's 20.7% growth. Image Source: Zacks Investment Research Currently, BlackRock carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This February, JPMorgan JPM announced an additional $50 billion allocation toward direct lending, solidifying its presence in the credit market. The move, unveiled at its 30th annual Global Leveraged Finance Conference, signals the company's intent to become a dominant force in private 2021, JPMorgan has deployed more than $10 billion across 100+ private credit transactions, leveraging its extensive client base and vast origination platform. The bank's partnerships with multiple co-lenders have further strengthened its position, bringing in an additional $15 billion in capital. According to Kevin Foley, global head of Capital Markets at JPM, the company's ability to integrate its origination platform with lender partners has significantly increased deal flow and lending 2024, Citigroup C inked a deal with Apollo Global APO for its subsidiary and certain affiliates of Apollo to establish a revolutionary $25-billion private credit, direct lending program. The program will initially focus on North America, potentially expanding to additional geographies. Both Citigroup and Apollo expect the program to finance approximately $25 billion of debt opportunities over the next several years, including corporate and financial sponsor transactions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report Apollo Global Management Inc. (APO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
BlackRock to Report Second Quarter 2025 Earnings on July 15 th
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today announced that it will report second quarter 2025 earnings prior to the opening of the New York Stock Exchange on Tuesday, July 15, 2025. Chairman and Chief Executive Officer, Laurence D. Fink, President, Robert S. Kapito, and Chief Financial Officer, Martin S. Small, will host a teleconference call for investors and analysts at 7:30 a.m. ET. BlackRock's earnings release and supplemental materials will be available via the investor relations section of before the teleconference call begins. Teleconference and Webcast Details Members of the public who are interested in participating in the teleconference should dial, from the United States, (786) 460-7166, or from outside the United States, (800) 401-3551, shortly before 7:30 a.m. ET and reference the BlackRock Conference Call (ID Number 1723819). A live, listen-only webcast will also be available via the investor relations section of The webcast will be available for replay by 10:30 a.m. ET on Tuesday, July 15, 2025. To access the replay of the webcast, please visit the investor relations section of About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit
Yahoo
3 days ago
- Business
- Yahoo
What You Need to Know Ahead of BlackRock's Earnings Release
Valued at a market cap of $162.3 billion, BlackRock, Inc. (BLK) is an asset management firm, known for providing investment and risk management services to institutional and retail clients. The New York-based company manages trillions of dollars in assets across equities, fixed income, alternatives, and multi-asset strategies. It is expected to announce its fiscal Q2 earnings for 2025 on Monday, Jul. 21. Prior to this event, analysts project this asset management company to report a profit of $10.41 per share, up marginally from $10.36 per share in the year-ago quarter. The company has a promising trajectory of consistently beating Wall Street's bottom-line estimates in each of the last four quarters. Its earnings of $11.30 per share in the previous quarter outpaced the consensus estimates by a notable margin of 10.2%. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Alphabet's Strong Free Cash Flow Makes GOOG Stock a Value Buy Alibaba Is Restructuring Its E-Commerce Unit. How Should You Play BABA Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full year, analysts expect BLK to report EPS of $44.92, up 3% from $43.61 in fiscal 2024. Furthermore, its EPS is expected to grow 12.9% year over year to $50.71 in fiscal 2026. BlackRock has rallied 34.1% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 12.6% rise and the Financial Select Sector SPDR Fund's (XLF) 26.8% return over the same time frame. On Apr. 11, shares of BLK surged 2.3% after its mixed Q1 earnings release. On the downside, while the company's revenue improved 11.6% year-over-year to $5.3 billion, it marginally missed the consensus estimates primarily due to lower investment advisory performance fees. Nonetheless, on the upside, its adjusted EPS of $11.30 advanced 15.2% from the year-ago quarter and topped the analyst estimates by a notable margin of 10.2%. This strong bottom-line performance was driven by higher investment advisory and administration fees, increased technology services and subscription revenue, and a 100 basis-point improvement in adjusted operating margin. Additionally, solid year-over-year growth in average assets under management (AUM), supported by strong long-term net inflows in the quarter, might have further bolstered investor confidence. Wall Street analysts are highly optimistic about BlackRock's stock, with a "Strong Buy" rating overall. Among 18 analysts covering the stock, 13 recommend "Strong Buy," three suggest 'Moderate Buy,' and two indicate 'Hold.' The mean price target for BLK is $1,081.88, which indicates a 3.3% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
3 BlackRock Mutual Funds to Navigate a Choppy Market
Founded in 1988, New York-based BlackRock Inc. BLK offers investment, advisory and risk management solutions in various asset classes like equity, fixed income, cash management, alternative investment and real estate. It has more than 19,000 employees and is present in 42 countries. On April 11, BlackRock reported having $11.58 trillion worth of assets under management as of March 31, 2025. It reported first-quarter 2025 adjusted earnings of $11.30 per share, surpassing the Zacks Consensus Estimate of $10.25. Revenues in the quarter came in at $5.28 billion, missing the Zacks Consensus Estimate of $5.33 billion. The figure, however, increased 12% year over year. This performance underscores investor trust in BlackRock's diversified and risk-aware approach, as well as its innovative capabilities. Recent moves such as acquiring infrastructure platform GIP and launching AI and blockchain initiatives highlight its commitment to staying ahead of the curve. For investors exploring mutual funds, BlackRock's offerings stand out for their diversification, active management and cost efficiency. Its mutual funds, including the popular LifePath target-date series, provide automatic asset allocation adjustments aligned with investors' retirement timelines Backed by deep research teams and global reach, these funds tap into BlackRock's strength in both public markets and alternative assets like infrastructure and private credit. Even as passive investing via ETFs continues to grow, mutual funds remain highly relevant for specific investment goals. They offer tax advantages, professional management and ease for retirement or goals-based planning. With a track record of outperformance, competitive fees and a formidable balance sheet, BlackRock mutual funds remain compelling options. In summary, BlackRock is well-positioned amid evolving markets, delivering solid earnings, disciplined inflows and strategic innovation. Its mutual funds combine diversification, easing of management and cost-effective access to global opportunities. These are qualities that justify consideration from investors seeking both stability and growth. Hence, astute investors should consider such funds at present. Mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges that are mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money). We have thus selected three mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), have positive three-year and five-year annualized returns and minimum initial investments within $5000, as well as carry a low expense ratio. BlackRock Balanced Investor MDCPX invests in equity securities, fixed-income securities and derivatives. MDCPX advisors base their investment decision on how attractive that category appears relative to the others. The advisors intend to invest at least 25% of the assets in equity securities and at least 25% in senior fixed-income securities, such as U.S. government debt securities, corporate debt securities and mortgage-backed and asset-backed securities. Raffaele Savi has been the lead manager of MDCPX since June 2017. The three top holdings for MDCPX are Apple (3%), Microsoft (2.4%) and Nvidia (2.4%). MDCPX's 3-year and 5-year annualized returns are 8.9% and 9.3%, respectively, and its net expense ratio is 0.77%. MDCPX has a Zacks Mutual Fund Rank #1. To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here. BlackRock Advantage Large Cap Core Fund MDLRX invests in large-cap equity securities and derivatives that have similar economic characteristics. MDLRX advisors primarily invest in equity securities, including common stock, preferred stock and convertible securities, or other financial instruments that are components of or have characteristics similar to the securities included in the Russell 1000 Index. Raffaele Savi has been the lead manager of MDLRX since June 2017. The three top holdings for MDLRX are Apple (6.8%), Microsoft (6.6%) and Nvidia (5.9%). MDLRX's 3-year and 5-year annualized returns are 13.7% and 15%, respectively, and its net expense ratio is 0.73%. MDLRX has a Zacks Mutual Fund Rank #1. BlackRock Advantage Large Cap Group Investor BMCAX seeks long-term capital appreciation by investing in large-cap equity securities of U.S. issuers and derivatives that have similar economic characteristics. BMCAX advisors define large-cap as those equity securities that, at the time of purchase, have a market capitalization within the range of companies included in the Russell 1000 Growth Index. Raffaele Savi has been the lead manager of BMCAX since June 2017. The three top holdings for BMCAX are Apple (9.6%), Microsoft (8.2%) and Nvidia (7%). BMCAX's 3-year and 5-year annualized returns are 18.3% and 15.9%, respectively, and its net expense ratio is 0.87%. BMCAX has a Zacks Mutual Fund Rank #2. Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK) : Free Stock Analysis Report Get Your Free (MDCPX): Fund Analysis Report Get Your Free (MDLRX): Fund Analysis Report Get Your Free (BMCAX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Reuters
25-06-2025
- Business
- Reuters
Sierra Club Foundation moves money away from BlackRock
June 25 (Reuters) - Prominent U.S environmental organization Sierra Club Foundation said it will move $10.5 million away from BlackRock (BLK.N), opens new tab because the top asset manager has not pressed portfolio companies enough on climate concerns. The money in question is tiny fraction of BlackRock's $11.6 trillion in assets under management at the end of March, more than $1 trillion of which is held in sustainable funds and energy transition assets that the company continues to build up. But the move underscores how BlackRock faces a balancing act on environmental and social issues with global customers who hold a wide range of views. Sierra Club Foundation Executive Director Dan Chu said its change came after BlackRock cut its support for shareholder resolutions to a new low on issues such as emissions reductions, and left the Net Zero Asset Managers initiative in January. "They never crossed the bridge where they would say they had an investment responsibility to fundamentally address the climate crisis," Chu said. BlackRock has said many environmental shareholder resolutions are overly prescriptive and that its participation in industry climate efforts had "caused confusion" and legal issues. 'We support clients that have made net zero commitments for their organizations through our industry leading sustainable and transition investment platform, research, and analytics," a BlackRock spokesperson said via e-mail when asked about Sierra Club Foundation's decision. Earlier this month Texas' comptroller removed BlackRock from a list of companies seen as boycotting the energy industry, a move that will make it easier for public agencies in the state to do business with the company. BlackRock still faces opposing pressures including in Republican-controlled states where it remains restricted, and an upcoming review from New York City pension funds, opens new tab that want more robust emissions-reductions plans. The Sierra Club Foundation oversees charitable activities of the Sierra Club and has some $200 million in all. It had warned BlackRock of its concerns in 2022. The foundation said it will move its funds to Nia Impact Capital and to Xponance, which are both focused on sustainable investing.
