Last $3,998 MXN
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As of 4:08 PM 04/9/14 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK*) Snapshot

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01/23/14 - $4,233
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blackrock inc (BLK*) Details

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. It also manages accounts for corporate, public, union and industry pension plans, insurance companies, third-party mutual funds, endowments, foundations, charities, corporations, official institutions, and banks. The firm also provides offers global risk management and advisory services. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages open-end and closed-end mutual funds, offshore funds, ETF’s, unit trusts, and alternative investment vehicles including hedge funds and structured funds. It invests in the public equity, fixed income, real estate, and alternative markets across the globe. The firm primarily invests in growth, value, and core stocks of small-cap, mid-cap, SMID-cap, large-cap and multi-cap companies. It employs a fundamental and quantitative analysis with a bottom-up stock picking approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, the firm seeks to invest in Poland and Germany. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts, London, United Kingdom, Brazil, Philadelphia, Pennsylvania, Plainsboro, New Jersey, and San Francisco, California.

11,400 Employees
Last Reported Date: 02/28/14
Founded in 1988

blackrock inc (BLK*) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $9.1M
President, Director, Chairman of Operations C...
Total Annual Compensation: $6.9M
Chief Operating Officer and Senior Managing D...
Total Annual Compensation: $4.0M
Senior Managing Director and Global Head of R...
Total Annual Compensation: $2.4M
Senior Managing Director of Client Solutions ...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2012.

blackrock inc (BLK*) Key Developments

BlackRock Announces Executive Changes, Effective from June 1

BlackRock is reorganizing its senior management, resulting in new or expanded roles for at least ten of its senior executives and aimed at finding a successor to chairman and chief executive officer Laurence Fink. Meanwhile, Fink, and Robert Kapito, president of the company, will continue in their roles. BlackRock's chief operating officer Charles Hallac will assume a new role as co-president of BlackRock, effective from June 1. Hallac, who is battling colon cancer, was one the company's first employee in 1988 and the creator of the Aladdin trade management system. The client businesses, investment groups and product management will continue to report to Hallac and Kapito. Robert Goldstein, currently global head of BlackRock's Institutional Client Business or ICB and BlackRock Solutions or BRS, will become chief operating officer of the company. He will succeed Hallac. Mark McCombe, who is currently serving as chairman of BlackRock Asia Pacific or APAC, will become global head of BlackRock's ICB, based in New York. He will succeed Goldstein. To facilitate a smooth leadership transition in APAC, McCombe will continue to serve as its chairman through year-end. In addition, McCombe will become chairman of BlackRock Alternative Investors or BAI. He will work with Andy Stewart and Matt Botein, who will continue to co-head the alternatives business, and Edwin Conway, who in addition to leading ICB in the U.S. and Canada, is responsible for the Alternative Investors Strategy Group. Rich Kushel will become BlackRock's chief product officer. Kushel is currently head of strategic product management. He will also continue to oversee the BlackRock Investment Institute and the company's corporate governance and responsible investment team. BlackRock said that Salim Ramji, a Senior Partner at McKinsey & Co., will join the company later in April as global head of corporate strategy. Sudhir Nair, currently head of business development and implementations & delivery for the Aladdin Business, will become global head of the Aladdin Institutional Business. Ryan Stork, global head of the Aladdin business within BlackRock Solutions, will become head of BlackRock Asia Pacific, based in Hong Kong. Quintin Price, who has led the revitalization of Alpha Strategies, will move to New York. Investor Relations and Corporate Development, that were part of the strategy organization, will now become part of Finance, reporting to Chief Financial Officer Gary Shedlin.

BlackRock, Inc. Enters into Amendment No. 3 to its Five-Year Revolving Credit Agreement

On March 28, 2014, BlackRock, Inc. (BlackRock) and certain of its subsidiaries entered into Amendment No. 3 (Amendment No. 3) to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, and Amendment No. 2 thereto, dated as of March 28, 2013 (the Existing Credit Agreement), with Wells Fargo Bank, National Association, as administrative agent, swingline lender, issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein. Among other things, Amendment No. 3 provides new reduced pricing terms, extends the maturity date (the Maturity Date) of the revolving credit facility under the Existing Credit Agreement (the Revolving Facility) to March 28, 2019 without utilizing BlackRock's option to request extensions of the Maturity Date available under the Existing Credit Agreement and adjusts the letter of credit fronting exposure amongst certain lenders. Except as modified by Amendment No. 3 as described herein, the terms of the Revolving Facility remain the same. Bank of America, N.A. is a lender under Existing Credit Agreement and Amendment No. 3 thereto.

BlackRock Alternative Investors Presents at Middle East Investment Summit 2014, Mar-27-2014 11:40 AM

BlackRock Alternative Investors Presents at Middle East Investment Summit 2014, Mar-27-2014 11:40 AM. Venue: Ritz-Cariton DIFC, Dubai, United Arab Emirates. Speakers: Jim Barry, Managing Director, Chief Investment Officer of the Renewable Power Group.


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Valuation BLK* Industry Range
Price/Earnings 17.8x
Price/Sales 5.0x
Price/Book 1.9x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful

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