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INX:BLK, Nov 15, 03:36 UTC

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Why Is BlackRock (BLK) Down 2.4% Since Last Earnings Report?

BLK

It has been about a month since the last earnings report for BlackRock (BLK). Will the recent negative trend continue leading up to its next earnings release, or is BlackRock due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. The increase was due to rise in employee compensation and benefits costs, direct fund expenses, and general and administration costs.Non-operating income (on a GAAP basis) was $33 million, up from non-operating income of $10 million recorded in the year-ago quarter.BlackRock’s adjusted operating income was $1.40 billion, up 1% year over year.Strong AUM & InflowsAs of Sep 30, 2018, AUM totaled $6.44 trillion, reflecting an increase of 8% year over year.

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News

BlackRock Expands Sustainable Investing Platform with New iShares Global Green Bond ETF

BLK

BlackRock Expands Sustainable Investing Platform with New iShares Global Green Bond ETF. iShares extends its commitment to investor progress with the introduction of iShares Global Green Bond ETF (BGRN) to help investors pursue a measurable environmental impact from their investments. “This fund simplifies access to green bonds, enabling investors to more precisely match their values to their investment portfolios,” said Carolyn Weinberg, iShares Global Head of Product at BlackRock. It’s the lowest-cost green bond ETF option in the U.S. at 25 bps, with a 5 bps waiver2. And it also seeks to track a US dollar-hedged underlying index, the Bloomberg Barclays MSCI Global Green Bond (USD Hedged) Index.

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Yesterday


News

Ageas and BlackRock: Transparency notification

BLK

In accordance with the rules on financial transparency*, Blackrock has notified Ageas on 9 November 2018 that, on 8 November 2018, its shareholding stands at 5.08%. * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe`s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

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News

Parsec Financial Management Inc. Increases Position in BlackRock, Inc. (NYSE:BLK) – Marea Informative

BLK

Parsec Financial Management Inc. boosted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,293 shares of the asset manager’s stock worth $3,639,000 after buying an additional 200 shares in the last quarter. Soros Fund Management LLC lifted its position in BlackRock by 59.8% during the 2nd quarter. Soros Fund Management LLC now owns 12,983 shares of the asset manager’s stock worth $6,479,000 after buying an additional 4,858 shares in the last quarter. In other BlackRock news, Director William E. Ford purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 22nd. Following the completion of the purchase, the director now owns 9,466 shares of the company’s stock, valued at $3,741,057.86.

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News

Blackrock reports ownership of 5 pct of Petrobras' preferred shares

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Blackrock reports ownership of 5 pct of Petrobras' preferred shares. ReutersNovember 14, 2018, 11:06 AM GMT. SAO PAULO, Nov 14 (Reuters) - Blackrock Inc has reported owning 5 percent of preferential shares in Petroleo Brasileiro SA, the state-run oil company said in a statement on Wednesday. Blackrock has no intention of interfering with the "management structure" of Petrobras, the company said, citing communications with the New York investment firm. (Reporting by Gram Slattery; Editing by Toby Chopra). What to read next.

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BlackRock, Inc. (BLK) Shares Bought by Palladium Partners LLC – Fairfield Current

BLK

Palladium Partners LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Bath Savings Trust Co bought a new stake in shares of BlackRock during the second quarter worth $260,000. Following the completion of the purchase, the director now owns 7,466 shares of the company’s stock, valued at approximately $3,057,998.94. The stock has a market capitalization of $64.70 billion, a P/E ratio of 14.95, a PEG ratio of 1.22 and a beta of 1.54.

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Tuesday, November 13


News

BlackRock MuniYield Pennsylvania Insured (MPA) to Issue Monthly Dividend of $0.06 on December 3rd – Fairfield Current

BLK

BlackRock MuniYield Pennsylvania Insured (NYSE:MPA) declared a monthly dividend on Monday, November 5th, Wall Street Journal reports. Shareholders of record on Thursday, November 15th will be paid a dividend of 0.0555 per share by the investment management company on Monday, December 3rd. BlackRock MuniYield Pennsylvania Insured has decreased its dividend payment by an average of 11.1% per year over the last three years. BlackRock MuniYield Pennsylvania Insured has a 12 month low of $12.30 and a 12 month high of $14.69.

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BlackRock MuniYield Insured Investment (MFT) To Go Ex-Dividend on November 14th – Fairfield Current

BLK

BlackRock MuniYield Insured Investment (NYSE:MFT) announced a monthly dividend on Monday, November 5th, Wall Street Journal reports. Stockholders of record on Thursday, November 15th will be paid a dividend of 0.059 per share by the financial services provider on Monday, December 3rd. BlackRock MuniYield Insured Investment has decreased its dividend by an average of 7.5% annually over the last three years. BlackRock MuniYield Insured Investment has a 52-week low of $11.83 and a 52-week high of $14.30.

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News

Oil majors spending 'sweet spot' to last to 2020: BlackRock

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LONDON (Reuters) - Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world's largest asset manager, said on Tuesday. Oil and gas giants such as Royal Dutch Shell (RDSa.AS), Chevron (CVX.N) and BP (BP.L) are generating as much cash at today's oil prices of around $70 a barrel as they did in 2014, before crude spiraled down from over $100 a barrel to lows of below $30 a barrel. As they emerge from the deepest downturn in decades, boards have vowed to remain thrifty and stick to lower spending targets in order to return value to shareholders after years of pain. Alastair Bishop, director and portfolio manager in BlackRock's natural resources team, which has major holdings in the world's five largest oil and gas companies, said he did not expect capital expenditure, or capex, to rise in the near term. "It is a sweet spot for IOCs (international oil companies) where they have relatively low cost inflation, a reasonable oil price and at these levels they can generate significant cashflow to go toward paying down debt (and share) buybacks," Bishop told Reuters in an interview.

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News

Oil majors spending 'sweet spot' to last to 2020 -BlackRock

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* Spending to rise to boost production -BlackRock (Sao Paolo: BLAK34.SA - news) 's Bishop. LONDON, Nov 13 (Reuters) - Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world's largest asset manager, said on Tuesday. Oil and gas giants such as Royal Dutch Shell (LSE: 0LN9.L - news) , Chevron (Euronext: CHTEX.NX - news) and BP are generating as much cash at today's oil prices of around $70 a barrel as they did in 2014, before crude spiralled down from over $100 a barrel to lows of below $30 a barrel. As they emerge from the deepest downturn in decades, boards have vowed to remain thrifty and stick to lower spending targets in order to return value to shareholders after years of pain. Alastair Bishop, director and portfolio manager in BlackRock's natural resources team, which has major holdings in the world's five largest oil and gas companies, said he did not expect capital expenditure, or capex, to rise in the near term.

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