BlackRock sets record amid strategic shifts, job cuts

Core Insights - BlackRock reported its Q4 and full-year 2025 earnings, highlighting strategic job cuts and record Asset Under Management (AUM) [1] - The firm laid off over 250 employees, representing 1% of its global workforce, as part of its strategy to focus on alternative investments [2] - BlackRock's stock price increased by 8% year-to-date, despite a downgrade from TD Cowen, which lowered the price target from $1,407 to $1,209 [2][3] Financial Performance - BlackRock increased its quarterly dividend by 10% to $5.73 per share, while the full-year diluted EPS decreased by 16% to $35.31 due to acquisition-related expenses and noncash charitable contributions [6] Strategic Moves - The firm completed the acquisition of HPS Investment Partners for $12 billion, fully paid in BlackRock equity, and is creating Private Financing Solutions (PFS) to integrate its private credit and CLO businesses [3][4] - CEO Laurence D. Fink anticipates a more rewarding and diversified 2026, emphasizing the firm's diverse offerings including private markets and digital assets [5]