|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||414.38 - 419.76|
|52 Week Range||336.84 - 442.84|
|PE Ratio (TTM)||20.47|
|Dividend & Yield||10.00 (2.40%)|
|1y Target Est||N/A|
South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday. BlackRock is in talks with HMM to invest up to 1 trillion won ($880 million) in the nation's largest shipper, the Korea Economic Daily reported on Monday, citing unidentified investment banking and shipping industry sources.
BlackRock Inc's (BLK.N) largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. "The underperformance of energy stocks even as oil prices have stabilized creates opportunities for investors," wrote Russ Koesterich, a manager of the $39 billion BlackRock Global Allocation Fund (MALOX.O), in a note. The S&P 500 energy sector (.SPNY) is down nearly 18 percent this year, while the broader index, excluding energy (.SPXXEGP), is up 11 percent.
For the first time, tech investments by non-tech companies are on pace to surpass that of tech companies. Goldman Sachs is the most active non-tech investor.