546.88 0.00 (0.00%)
After hours: 5:10PM EDT
|Bid||547.50 x 1300|
|Ask||0.00 x 800|
|Day's Range||545.86 - 549.58|
|52 Week Range||393.00 - 594.52|
|PE Ratio (TTM)||17.24|
|Forward Dividend & Yield||11.52 (2.20%)|
|1y Target Est||N/A|
Code Pink, the women-led organization focusing on ending U.S. wars, is planning a protest this week at BlackRock Inc. (NYSE: BLK)'s annual shareholder meeting in New York. “Code Pink, Action Corps NYC, The Coalition to End the U.S.-Saudi Alliance, the Community of Living Traditions at Stony Point Center, Enlace, Granny Peace Brigade, Gulf Coast Raging Grannies, Muslim Peace Fellowship, Peace Action New York State, Show Up America, United for Peace and Justice, Veterans for Peace NYC Chapter 34, War Resisters League NYC, World Beyond War and Women’s International League for Peace and Freedom are planning three days of activities to highlight the firm’s investments in weapons, civilian and military alike,” according to Code Pink's website.
Analysts expect subdued returns for non-diversified asset managers (XLF) in 2018 compared to 2017. This trend is primarily due to high valuations of equities, rising interest rates, and shifting of funds toward commodities that result in higher input prices.
The Federal Reserve has stuck to its initial plan of three rate hikes of 25 basis points in 2018. The central bank implemented a rate hike in March, bringing the Fed funds rate to 1.75%. Rising rates have led to revaluations of equities and commodities amid rising borrowing costs. Analysts are less upbeat on leveraged companies due to their expected decline in net margins on higher finance costs.
This growth is expected to come from ETFs and its Retail segment’s offerings, partially offset by weaker performance in the Institutional segment. ETFs are expected to see subdued flows due to outflows from debt in the first quarter.
BlackRock Global Chief Investment Strategist Richard Turnill discusses the U.S. yield curve. He speaks with Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
BlackRock Global Chief Investment Strategist Richard Turnill discusses British politics, Bank of England monetary policy and U.K. assets. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)...
When your underlying index is filled with thousands of fixed-income securities, tracking it isn’t exactly a simple task. The crux of the problem: It’s essentially impossible to own every note and bond in the benchmark. If you therefore use a selection of its constituents to replicate the benchmark, you have to continually tweak the characteristics of your optimized portfolio to home in on the performance of the underlying index.
Moody's Investors Service ("Moody's") downgrades the rating on Crockett Cogeneration, LP's (Crockett) senior secured bonds to B1 from Ba3. The rating downgrade to B1 from Ba3 reflects the view that the project's financial underperformance and lower debt service coverage ratios (DSCR) is expected to continue through the current year and beyond given a sustained decline in market heat rates. Although there has been an improvement in market heat rates this year averaging 6,996 so far through May 2018 versus the low point reached in April 2017 of 5,900, and hydro generation is expected to be lower relative to last year's level, market heat rates are not expected to return to the levels observed prior to the elimination of the 8,125 floor in 2014 on an sustained basis given the continued increase in installed renewable electric capacity across the state.
Several socially conscious investment firms are selling or rethinking their Facebook Inc (FB.O) holdings, unsatisfied by the company's moves to strengthen personal data protection and online safety after scandals involving the improper sharing of users' information. The retreat from the world's largest social media network is one of the sharpest responses by investors to concerns about Facebook's handling of user data. Cambridge Analytica, a now-defunct political data firm hired by Trump's 2016 election campaign, has been accused of harvesting data for 87 million Facebook users and is under investigation in the United States and Europe.
BlackRock (BLK) is giving consistent returns to shareholders in the form of dividends and repurchases backed by consistent operating performance. The company declared a quarterly dividend of $2.88 in the first quarter compared to $2.50 in the first quarter of 2017, forming an annualized yield of 2.2%. The Trump administration’s tax cuts are expected to help equities command higher premiums as well as a long-term shift toward equities rather than debt offerings.
A few years ago Vincent Deluard was a huge cheerleader for smart-beta ETFs, which slice and dice the market using indexes tuned to classic investing factors like momentum and value. With smart-beta portfolios becoming increasingly popular, the global macro strategist at INTL FCStone Financial Inc. recently reached the conclusion that the strategies aren’t as shrewd as they seem. “If everyone’s doing it, it’s not going to work anymore,” Deluard said.
BlackRock (BLK) commands the highest operating margins among its industry peers and is improving it further by deploying technology, economies of scale, and automated advisories. The company has garnered operating margins in the range of 42.0%–45.0% in recent quarters. Its operating margins of 43.0%–45.0% helped the company command higher valuation multiples when compared with industry averages. BlackRock spent ~$2.2 billion in the first quarter, a rise of 13.3% from the previous year on higher compensation, general spending, direct fund expenses, and distribution expenses.
BlackRock (BLK) was managing ~$1.8 trillion through the iShares ETF platform on March 31. The company has attracted lower flows in the first quarter, compared with its average flows in 2017.
BlackRock said on Monday that Pru Bennett, head of its Asia Pacific investment stewardship team, will step down in January and a search for her successor is underway. The move comes amid plans by the world's largest asset manager to double its investment stewardship team in the next three years from its current 30, one third of whom are based in Asia. In the past several years BlackRock has adjusted its stewardship approach "beyond voting at shareholder meetings to focus more on constructive engagement with companies, addressing rising expectations from clients and the companies themselves," Michelle Edkins, its global head of investment stewardship, said in a statement.
Richard Bethell, the first Baron Westbury, was approaching his 70th birthday when he tried his hand at asset management. The politician had served as lord chancellor, overseeing Britain’s legal system. In the century and a half since Bethell took that role, countless high-profile politicians have followed him into the investment management industry, offering to open their contacts books and share insights in exchange for well-paid positions that often take little time.
Fidelity Investments, T. Rowe Price and Morgan Stanley ( MS) are among the fund providers taking a big hit from Argentina, where the stock market is in the doldrums and the country's currency is ailing. The firms own stocks in Argentina companies via specialized funds that invest in so-called frontier markets and via Latin America-focused funds. As a result of the performance of the stock market in that country, those investments are hurting their returns, reported The Wall Street Journal.
BlackRock (BLK) manages the highest assets for institutional investors across various product offerings when compared with its global peers. On March 31, the company managed ~$3.5 trillion for institutional clients in active and index offerings, which formed 55.0% of its total assets.
Retail investors have increased their deployments in equity and other asset classes since the beginning of 2017. In the first quarter, the Retail segment attracted $16.7 billion in new flows compared to $11.0 billion in the previous quarter. This was the only segment to register positive growth for BlackRock in the first quarter.
BlackRock (BLK), the world’s largest asset manager, witnessed lower inflows in ETFs and its Institutional segment in the first quarter. BlackRock is expected to post earnings per share of $6.64 in the second quarter, 1.0% lower sequentially and up 26.7% year-over-year. BlackRock (BLK) posted EPS of $6.70 in the first quarter compared to the estimate of $6.39.
Several socially conscious investment firms are selling or rethinking their Facebook Inc holdings, unsatisfied by the company's moves to strengthen personal data protection and online safety after scandals involving the improper sharing of users' information. The retreat from the world's largest social media network is one of the sharpest responses by investors to concerns about Facebook's handling of user data. Cambridge Analytica, a now-defunct political data firm hired by Trump's 2016 election campaign, has been accused of harvesting data for 87 million Facebook users and is under investigation in the United States and Europe.
Moody's Investors Service, ("Moody's") has assigned a Aa2 long-term rating to $59.1 million of new Variable Rate Demand Preferred Shares (VRDPs) issued by BlackRock New Jersey Municipal Income Trust (BNJ). Concurrently, Moody's affirmed the Aa2 ratings of BNJ's outstanding Variable Rate Muni Term Preferred Shares (VMTPs). BNJ is a New York Stock Exchange listed closed-end fund investing in diversified New Jersey municipal obligations.
BlackRock CEO Larry Fink explains some of the misunderstandings people have about passive investing and why active isn't dead.
May.22 -- BlackRock Global Chief Investment Strategist Richard Turnill discusses the U.S. yield curve. He speaks with Francine Lacqua on "Bloomberg Surveillance."