BlackRock Inc. (BLK) announced the acquisition of the remaining 75% equity stake in SpiderRock Advisors, a leading provider of customized option overlay strategies in the U.S. wealth market. The deal is expected to close in the second quarter of 2024 and is still subject to customary approvals.This transaction is an extension of BlackRock’s minority investment of 25% in the firm in 2021 and reinforces its commitment to personalized separately managed accounts (SMAs). The financial terms of the transaction h ...

Key TakeawaysBlackRock said Friday it will acquire the remaining stake in SpiderRock Advisors, an asset management firm.The world's largest asset manager purchased a minority stake in SpiderRock in 2021, and will now acquire the remaining equity.SpiderRock managed about $4.8 billion in assets as of last month, and will expand BlackRock's offerings in separately managed accounts.The financial terms of the deal were not disclosed. BlackRock (BLK) is set to expand its offerings in separately managed accounts ( ...

Investors interested in Financial - Investment Management stocks are likely familiar with Victory Capital Holdings (VCTR) and BlackRock (BLK) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes com ...

NEW YORK & CHICAGO--(BUSINESS WIRE)--BlackRock (NYSE: BLK) has agreed to acquire the remaining equity interest in SpiderRock Advisors (“SRA”), a leading provider of customized option overlay strategies in the U.S. wealth market. This transaction expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs). “By giving BlackRock more SMA capabilities, this acquisition will enable us to meet growing demand from wealth ...

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on BlackRock, Inc.’s (BLK) application for a spot Ethereum exchange-traded fund (ETF). The first time the SEC delayed its decision on BLK’s spot Ether ETF application was this January, after approving the launch of spot Bitcoin ETFs.With the current delay, the SEC has launched comment periods for the application in process.The regulator wants to know whether the arguments that were made in favor of the recently approved sp ...

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) (“BlackRock”) today successfully priced a $3 billion debt offering consisting of three tranches of senior unsecured notes (collectively, the “Notes”): $500 million aggregate principal amount of 4.70% Notes due 2029 $1 billion aggregate principal amount of 5.00% Notes due 2034 $1.5 billion aggregate principal amount of 5.25% Notes due 2054 The Notes will be issued by BlackRock’s wholly owned subsidiary, BlackRock Funding, Inc. (“BlackRock Funding”), ...

On Mar 4, Bitcoin (BTC) surged past $65,000, hitting a two-year high and nearing its all-time high achieved in 2021. The world’s largest cryptocurrency had hit a record high of $68,999.99 in November 2021.The cryptocurrency market witnessed a solid 2023. The rally has continued into this year and chances are that Bitcoin may hit a new record high in the coming days. The world’s most popular cryptocurrency has surged more than 54.5% year to date and 21% in the past week.The recent surge in cryptocurrency pri ...

The largest cryptocurrency Bitcoin (BTC), has resumed its northward journey after a brief pause last week. The cryptocurrency closed Mar 4, at 68,411.81, marking its highest level since November 2021. Bitcoin posted its all-time high at 68,982.20 in November 2021.The cryptocurrency market started 2024 on a positive note after an impressive rally last year. The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved rule changes to a ...

BlackRock CEO Larry Fink’s efforts to embrace “woke” environmental, social and governance policies, commonly known as ESG, could “materially adversely” slam the investment titan’s core business, the investment giant admitted in a regulatory filing.“Risk factors” for BlackRock’s stock price include the fact that “BlackRock’s business, scale and investments subject it to significant media coverage and increasing attention from a broad range of stakeholders,” the firm disclosed in its annual 10-K filing with t ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about BlackRock (BLK) .BlackRock currently has an average brokerage rec ...