BlackRock Inc (NYSE: BLK) is in focus this morning after announcing plans of buying Global Infrastructure Partners for about $12 billion.Details of BlackRock – GIP agreementCopy link to sectionThe asset manager expects this cash and stock deal to help expand its footprint in infrastructure that Larry Fink – its chief executive sees as “one of the most exciting long-term investment opportunities”. Blackrock coming together with Global Infrastructure Partners creates a “multi-asset class infrastructure invest ...

BlackRock (BLK) came out with quarterly earnings of $9.66 per share, beating the Zacks Consensus Estimate of $8.84 per share. This compares to earnings of $8.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.28%. A quarter ago, it was expected that this investment firm would post earnings of $8.47 per share when it actually produced earnings of $10.91, delivering a surprise of 28.81%.Over the last four quarters, the company ...

智通财经APP获悉，1月12日美股盘前，全球资产管理巨头贝莱德(BLK.US)公布了2023年第四季度财务业绩。数据显示，贝莱德Q4总营收为46.3亿美元，同比增长7%，与市场普遍预期基本一致;GAAP准则下贝莱德Q4净利润为13.75亿美元，同比增长9%，Non-GAAP准则下贝莱德Q4调整后的每股收益为9.66美元，超市场预期的8.84美元，高于上年同期的8.93美元。 财报数据还显示，贝莱德的客户们去年第四季度大举买入该机构发行的长期投资基金，向贝莱德旗下的各类长期ETF和其他基金产品投资规模增加了630亿美元的资金，这表明在全球股市和债市资产价值飙升之际，投资者们纷纷大举将资金投入股市和债市。 财报数据还显示，客户在去年第四季度还向该公司独立管理的现金管理业务和货币市场基金增加了大约330亿美元的资金，这表明该资管巨头正日益将自己定位为全球“一站式投资服务提供商”。整体来看，全球投资者们在去年第四季度向贝莱德旗下的所有ETF产品投资了大约880亿美元，向旗下的所有固定收益类基金投资了大约320亿美元。 在此之前，贝莱德的全球客户们在2023年第三季度从长期基金中撤出了大约130亿美元。而在2023年的 ...

It’s not just the name: BlackRock, the world’s largest asset manager, has its roots in Blackstone, the world’s largest alternative investment manager. On the back of a multi-year boom in private equity and credit, it would make sense that the former wants to move closer to the business of the latter. ...

Group 1 - BlackRock Inc. has agreed to acquire Global Infrastructure Partners for $3 billion in cash and approximately 12 million shares [1] - The infrastructure market is currently valued at $1 trillion and is expected to grow rapidly in the coming years, driven by long-term structural trends [1] - Key trends supporting infrastructure investment include increased global demand for upgraded digital infrastructure, renewed investment in logistical hubs, and a shift towards decarbonization and energy security [1] Group 2 - Global Infrastructure Partners has over $100 billion in assets under management and a strong reputation for enhancing portfolio companies [1] - GIP operates with around 400 employees and manages more than 40 portfolio companies that generate over $75 billion in annual revenue [1] - BlackRock plans to finance the cash portion of the acquisition by raising approximately $3 billion in additional debt [1] Group 3 - The acquisition is expected to modestly increase adjusted EPS and operating margin in the first full year after the deal closes, anticipated in the third quarter [1] - BlackRock's stock has increased by 5% over the last 12 months, while the S&P 500 has gained 20% during the same period [1]

Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019.BlackRock, the world's biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.The acquisition is part of the firm's increased focus on infrastructure, which CEO Larry Fink said is "one of the most exciting long-term investment opportunities." As part of the deal, GIP's manageme ...

BlackRock has been striving to expand its private-market operations. Photo: Angus Mordant/Bloomberg NewsBlackRock has agreed to buy private-equity firm Global Infrastructure Partners for roughly $12.5 billion in cash and stock, a significant push into private-market investments for the world’s largest asset manager.New York-based GIP owns and operates energy, transportation, and water and waste companies, including a stake in London’s Gatwick Airport. The acquisition would be BlackRock’s largest since it bo ...

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock. A $1 trillion market today, infrastructure is forecast to be one of the fastest growing segments of private markets in the years ahead. A number of long-term structu ...

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2023. BlackRock’s acquisition of GIP will create a combined infrastructure platform of over $150 billion*, well positioned to meet fast-growing investor demand $10 trillion in AUM following $289 billion of full year net inflows, including $96 billion in the fourth quarter Flat full year revenue primarily driven by the negative impact of markets on average AUM, partially ...

NEW YORK, NY - JANUARY 16: A sign hangs on the BlackRock offices on January 16, 2014 in New York ... [+] City. Blackrock posted a 22 percent increase in the most recent quarterly profits announcement. (Photo by Andrew Burton/Getty Images)Getty ImagesBlackRock BLK is scheduled to report earnings before Friday’s open. The stock hit a record high of $973.16/share in 2021 and is currently trading near $788/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are s ...