BlackRock Finance (BLK) closed at $1,020.11 in the latest trading session, marking a -0.26% move from the prior day. This change lagged the S&P 500's daily gain of 0.25%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.97%.The the stock of investment firm has risen by 3.83% in the past month, lagging the Finance sector's gain of 4.93% and overreaching the S&P 500's gain of 3.51%.Investors will be eagerly watching for the performance of BlackRock Finance in its upcom ...

I would encourage you to read that article first because it's a goodIn late November 2012, or almost 12 years ago to the day, I wrote an article titled:Thank you for reading my article. My goal is to give you observations and actionable ideas in Closed-End funds while educating you on how these unique and opportunistic funds work.CEFs can be one of the most exhilarating and yet most frustrating security classes to invest in, and it's important that you have someone who can be a level head during up and down ...

Company Valuation - Blackrock has reduced the value of its stake in Automattic by 10%, valuing its investment at $37.5 per share, down from $41.7 per share earlier this year [1] - The valuation reduction follows Automattic's publicized legal battle with WP Engine [1] Legal Dispute - Automattic and WP Engine are engaged in a legal battle after Automattic's CEO blocked WP Engine from accessing WordPress org [2] - WP Engine is seeking a preliminary injunction to regain access to WordPress org [2] Ownership Details - Blackrock owns only 0 6% of Automattic and holds no voting rights in the company [2]

For Immediate ReleasesChicago, IL – November 29, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Abbott Laboratories (ABT) , BlackRock, Inc. (BLK) and ConocoPhillips (COP) , NetSol Technologies, Inc. (NTWK) and Optex Systems Holdings, Inc (OPXS) .Here are highlights from Friday’s Analyst Blog:Top Res ...

BlackRock Inc. (BLK) , State Street Corp. (STT) and Vanguard have been accused of violation of antitrust law via climate activism, which reduced coal output and hiked energy prices. The allegations have been brought in by Texas and 10 other states.The lawsuit was filed this Wednesday in the Federal Court in Tyler, TX, and is one of the top-profile lawsuits aimed at efforts promoting environmental, social, and governance (ESG) goals.The 10 other states are Alabama, Arkansas, Indiana, Iowa, Kansas, Missouri, ...

Core Insights - BlackRock is set to acquire HPS Investment Partners for approximately $12 billion, emphasizing its strategy to strengthen its position in the growing alternatives market, particularly in private credit [1][6] - HPS Investment, managing $150 billion as of September 30, 2024, has established itself as a leader in private credit since its inception in 2007 [2][4] - The acquisition aligns with BlackRock's goal of diversifying into higher-fee businesses beyond its traditional ETF offerings, enhancing its alternatives portfolio which will exceed $500 billion post-acquisition [3][9] Company Overview - HPS Investment has a strong track record in credit markets, including debt investments and leveraged loans, making it a valuable asset for BlackRock [4] - The firm was originally part of JPMorgan Chase and has thrived due to regulatory changes that have limited traditional bank lending [2] Market Dynamics - The private credit market is experiencing significant growth driven by demand for non-traditional financing and a retreat of banks from lending due to post-crisis regulations [6] - Institutional investors are increasingly seeking reliable income streams, positioning private credit as an attractive asset class [6] Strategic Fit - The acquisition of HPS Investment complements BlackRock's recent transformative deals, including the $12.5 billion purchase of Global Infrastructure Partners and a planned $3.3 billion acquisition of Preqin [7] - This strategy aims to create a comprehensive alternatives platform that enhances BlackRock's competitive edge against major players like Ares Management and Blackstone [8] Future Outlook - If the acquisition is finalized, it will solidify BlackRock's leadership in the alternatives space, reflecting its commitment to adapting to market trends and client demands [9][10] - The deal is part of a broader trend of consolidation in the alternatives market as asset managers seek to scale and differentiate themselves [10]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

In the latest trading session, BlackRock Finance (BLK) closed at $1,031.49, marking a -0.48% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.27%.The investment firm's shares have seen an increase of 6.41% over the last month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.Market participants will be closely following the finan ...

NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Pyramid Analytics, a market-leading, AI-driven analytics and decision intelligence company, announced it has raised $50M in new financing from funds and accounts managed by BlackRock Capital Investment Advisors, LLC (“BlackRock”).  The fresh investment comes on the heels of Pyramid being named a Visionary in the 2024 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms, and being awarded the highest rank in all four use cases of the 2024 Gart ...

Group 1 - The analyst has issued articles on Business Development Companies (BDCs) indicating a high probability of dividend cuts in the near future before the Q3 2024 earnings season [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on shaping financial strategies for top-tier corporates and executing large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2]