BlackRock, Inc. (BLK) completed the acquisition of a private equity company — Global Infrastructure Partners (GIP). Earlier this year, BLK announced the decision to acquire Global Infrastructure Partners for a total cash consideration of $3 billion and around $12 million worth of BlackRock common stock.More on BlackRock’s Acquisition of GIPThe acquisition creates an industry leader in infrastructure, spanning equity, debt and solutions and offering a wide variety of infrastructure sector knowledge and expos ...

BlackRock CEO Larry Fink said on Tuesday investors are wrong if they think the Fed will make massive interest rate cuts later this year because the billionaire money man believes the US economy will continue to grow. Fink dismissed market predictions that rates will be slashed further through the end of year after Chairman Jerome Powell lowered them by half a percentage point two weeks ago. It was the first reduction since 2020 and a bigger-than-expected cut as Western economies emerge from the aftermath of ...

BlackRock, Inc. (BLK) and Banco Santander, S.A. (SAN) have signed a memorandum of understanding, under which funds and accounts managed by BLK will invest up to $1 billion per year in select project finance, energy finance and infrastructure debt investment opportunities with Santander through structured transaction formats. In a transaction in April, BlackRock agreed to provide financing on a $600 million diversified portfolio of infrastructure credit from Santander. The latest agreement comes as the asset ...

BlackRock Inc.’s (BLK) shares touched a two-year high of $942.84 in yesterday’s trading session. Over the past three months, the stock has rallied 19.9%, outperforming the industry, the S&P 500 Index, and its close peers — Ameriprise Financial, Inc. (AMP) and Invesco Ltd. (IVZ) .Three-Month Price PerformanceImage Source: Zacks Investment ResearchDoes BLK stock have more upside left despite hitting a two-year high? Let’s try to decipher that.Factors Likely to Drive BlackRock Stock HigherFed’s Rate Cuts to Fu ...

The continued shift in investor preference toward passive investment strategies is expected to hamper top-line growth of the Zacks Investment Management industry stocks. Elevated technology costs will likely hurt profitability to an extent. While investment management companies benefited from significantly higher volatility and client activity in the past, they are not likely to record impressive growth in their assets under management (AUM) balances in the near term due to volatile asset flows. Despite the ...

Core Insights - Vestmark has announced a commercial partnership with BlackRock to enhance custom model portfolio solutions for registered investment advisors (RIAs) [1][2] - The partnership combines Vestmark's tax management capabilities with BlackRock's portfolio construction capabilities, providing financial advisors with personalized investment solutions [1][2] - Vestmark's Unified Managed Account (UMA) platform will integrate various investment vehicles, allowing for efficient management within a single custodian account [2] Company Overview - Vestmark is a leading provider of wealth management software and services, headquartered in Wakefield, Massachusetts, and founded in 2001 [4] - The company supports over $1.5 trillion in assets and 5.5 million accounts, partnering with some of the largest wealth management firms [4] - Vestmark's technology supports six of the ten largest managed account platforms in the industry, with over 65,000 advisors accessing more than 1,200 strategies [3] Partnership Details - BlackRock will offer its range of standard and RIA custom model portfolios through Vestmark's Manager Marketplace, enhancing the investment strategies available to wealth managers [1][2] - The collaboration reflects both companies' commitment to innovation and growth in the model portfolio business, which is increasingly favored by advisors [2][3] - The partnership aims to provide advisors with valuable tools and resources to build diversified portfolios using mutual funds, ETFs, and SMAs [3]

Core Insights - The article emphasizes the significant presence and influence of BlackRock Inc. in the investment management industry over the past three decades, highlighting its role in shaping market narratives and investment strategies [1]. Group 1 - BlackRock Inc. has been a dominant player in the investment management sector, impacting both investment advisors and mutual fund managers [1]. - The founder of Sungarden Investment Publishing, Rob Isbitts, leverages over 30 years of investment experience to analyze market trends and simplify investment processes for clients [1]. - The firm transitioned from advising high net worth clients to focusing on broader market insights after the sale of its predecessor, Sungarden Investment Management, in 2020 [1].

TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final September 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on September 24, 2024 will receive cash distributions payable on September 27, 2024. Details regarding the final “per unit” distribution amounts are as follows: Fund NameFund Ticker Cash Distribution Per Unit iS ...

BlackRock (BLK) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Sinc ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...