Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  BlackRock, Inc.    BLK

BLACKROCK, INC.

(BLK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BlackRock to buy Aperio for $1.05 bln from Golden Gate Capital, employees

11/23/2020 | 05:53pm EST

Nov 23 (Reuters) - The world's largest asset manager BlackRock Inc said on Monday it will buy Aperio Group LLC, an investment management services provider, from private equity firm Golden Gate Capital and Aperio employees for $1.05 billion in cash.

BlackRock said the deal will boost its separately managed account (SMA) assets by roughly 30% to over $160 billion.

The asset manager said the deal will be funded by existing corporate liquidity and is anticipated to close in the first quarter of 2021. It added that the deal is minimally dilutive to its earnings per share and is not expected to be dilutive on a cash basis.

BlackRock plans to operate Aperio as a separately branded, vertically integrated team within the company's U.S. Wealth Advisory business.

Sausalito, California-based Aperio partners with wealth advisers to build and manage personalized public equity portfolios, among other things.

(Reporting by Arunima Kumar in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2020
All news about BLACKROCK, INC.
12:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
01/26LAS VEGAS SANDS : Sheldon Adelson's Casino Empire Installs New Leadership -- Upd..
DJ
01/26BLACKROCK : reg; Canada Updates the Risk Rating for the Dynamic Active Preferred..
AQ
01/26SHELDON ADELSON : Sheldon Adelson's Casino Empire Installs New Leadership
DJ
01/26DGAP-PVR : Nemetschek SE: Release according to -3-
DJ
01/26DGAP-PVR : Nemetschek SE: Release according to -2-
DJ
01/26BLACKROCK : Fink Urges Companies to Disclose, Do More on Greenhouse-Gas Emission..
DJ
01/26Moonpig eyes valuation of more than 1 billion pounds from London IPO
RE
01/26ByteDance Rival Kuaishou Launches Up to $5 Billion Hong Kong IPO
MT
01/25DGAP-PVR : Scout24 AG: Release according to -3-
DJ
More news
Financials (USD)
Sales 2020 15 907 M - -
Net income 2020 4 774 M - -
Net cash 2020 1 369 M - -
P/E ratio 2020 23,3x
Yield 2020 2,01%
Capitalization 110 B 110 B -
EV / Sales 2020 6,84x
EV / Sales 2021 5,84x
Nbr of Employees 16 600
Free-Float 87,5%
Chart BLACKROCK, INC.
Duration : Period :
BlackRock, Inc. Technical Analysis Chart | BLK | US09247X1019 | MarketScreener
Technical analysis trends BLACKROCK, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 827,29 $
Last Close Price 721,85 $
Spread / Highest target 23,3%
Spread / Average Target 14,6%
Spread / Lowest Target -0,95%
EPS Revisions
Managers and Directors
NameTitle
Laurence Douglas Fink Chairman & Chief Executive Officer
Robert Steven Kapito President & Non-Independent Director
Robert L. Goldstein Chief Operating Officer & Senior Managing Director
Gary S. Shedlin Chief Financial Officer & Senior Managing Director
Derek N. Stein Global Head-Business Operations & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BLACKROCK, INC.0.04%110 106
UBS GROUP AG3.61%52 153
BANK OF NEW YORK MELLON CORPORATION (THE)-2.69%36 623
T. ROWE PRICE GROUP INC.3.71%35 552
STATE STREET CORPORATION-0.21%25 621
AMERIPRISE FINANCIAL INC.8.89%24 965