Latest news with #BLK
Business Insider
6 hours ago
- Business
- Business Insider
M&A News: China Crisis Eases for BlackRock as $22.8B Panama Ports Deal Moves Closer
Hong Kong conglomerate CK Hutchison has bowed to political pressure from the Chinese government to keep its $22.8 billion Panama Ports deal with U.S. asset manager BlackRock (BLK) on track. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Major Investor CK Hutchison said today that it was considering inviting a Chinese 'major strategic investor' to join the BlackRock-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal. BlackRock stock rose 0.4% in pre-market trading in the hope that this could mean the deal finally gets done. Although as can be seen below its share price has performed well recently despite the uncertainty around the deal. The proposed sale in March to BlackRock and Mediterranean Shipping Company (MSC) includes two ports at either end of the Panama Canal and more than 40 others around the world. However, the Chinese government has repeatedly expressed concerns about the deal. This has included slamming CK for betraying the Chinese people and being 'spineless.' It was concerned, and presumably still is, that the deal could hit China's shipping and trade interests. CK did not say who the investor was, but it follows a report earlier this month that China wants state-owned shipping giant Cosco to be an equal partner and shareholder in the ports or else it would block the sale. Trump Barrier 'We remain in discussions with members of the consortium with a view to inviting a major strategic investor from China to join as a significant member of the consortium,' CK Hutchison said. It added that changes to the consortium's membership and deal structure will be needed for the deal 'to be capable of being approved by all relevant authorities'. It said the 'period for exclusive negotiations' mentioned in the March announcement with BlackRock and MSC had expired, but discussions will continue. Bloomberg Intelligence analyst Denise Wong said that 'ongoing negotiations and the reported inclusion of Cosco Shipping in the consortium have likely eased concerns over Chinese regulatory hurdles, strengthening investor confidence in the deal's viability.' However, President Trump may be one final barrier for the deal to get over. The sale was seen as a political victory for Trump, who had vowed to 'take back' the Panama Canal from alleged Chinese control. Bringing Cosco into the deal would not sit well with Trump, especially during the tariff trade war between the U.S. and China. Is BLK a Good Stock to Buy Now? On TipRanks, BLK has a Strong Buy consensus based on 13 Buy and 1 Hold ratings. Its highest price target is $1,224. BLK stock's consensus price target is $1,168.79, implying a 4.05% upside.
Yahoo
5 days ago
- Business
- Yahoo
Here's How Much You'd Have If You Invested $1000 in BlackRock a Decade Ago
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks. What if you'd invested in BlackRock (BLK) ten years ago? It may not have been easy to hold on to BLK for all that time, but if you did, how much would your investment be worth today? BlackRock's Business In-Depth With that in mind, let's take a look at BlackRock's main business drivers. BlackRock Inc., headquartered in New York, offers products that span the risk spectrum, including active, enhanced and index strategies through a variety of structures that include separate accounts, mutual funds, iShares, exchange-traded funds (ETFs) and other pooled investment also offers technology services as well as advisory services and solutions to institutional and wealth management clients. The company manages its clients' assets as a fiduciary. As of June 30, 2025, total AUM was a record $12.52 manages its AUM through the following categories:Equity: BlackRock's equity AUM reflects the diversity of its business model and includes a wide range of both active and passive strategies. AUM for this class was $6.9 trillion as of June 30, Income: BlackRock's fixed income asset class is evenly divided between passive and active mandates. AUM under this class was $3.1 trillion as of June 30, Class: BlackRock's multi-asset class team manages a range of personalized mandates that leverage its broad investment expertise in global equities, currencies, bonds and commodities and its extensive risk management capabilities. As of June 30, 2025, AUM under this class was $1.1 AUM under this class was $301.9 billion as of June 30, Assets: AUM under this class was $79.6 billion as of June 30, and Commodities: AUM under this class was $107 billion as of June 30, Management: Cash management products include taxable and tax-exempted money market funds and customized separate accounts. AUM under this class was $969.7 billion as of June 30, 2017, BlackRock acquired the First Reserve Energy Infrastructure Funds and Cachematrix. In 2018, it acquired Tennenbaum Capital Partners and the asset management business of Citibanamex. In 2019, the company acquired Paris-based eFront. In 2021, it acquired Aperio Group LLC and the Climate Change Scenario Model of Baringa Partners. In 2023, the company acquired London-based Kreos Capital. In 2024, it acquired SpiderRock Advisors and Global Infrastructure Partners. In March 2025, it acquired Preqin and in July 2025, it acquired HPS Investment Partners. Bottom Line Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in BlackRock, ten years ago, you're likely feeling pretty good about your investment today. According to our calculations, a $1000 investment made in July 2015 would be worth $3,233.95, or a gain of 223.40%, as of July 24, 2025, and this return excludes dividends but includes price increases. Compare this to the S&P 500's rally of 202.50% and gold's return of 196.33% over the same time frame. Analysts are forecasting more upside for BLK too. BlackRock's shares have outperformed the industry in the past six months. Its second-quarter 2025 results were aided by growth in revenues. The company's inorganic expansion strategy, aimed at boosting its presence in lucrative alternatives and private equity assets, alongside product diversification efforts, will continue to support top-line and assets under management (AUM) growth. Its continued focus on the active equity business is impressive. However, elevated expenses (primarily due to higher general and administration costs and acquisitions) are a concern. The company's significant dependence on overseas revenues exposes it to geopolitical tensions, diverse regulatory and economic environments, and exchange rate fluctuations. Yet, a solid liquidity position and earnings strength will keep capital distributions sustainable. The stock is up 10.05% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 8 higher, for fiscal 2025. The consensus estimate has moved up as well. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Mint
22-07-2025
- Business
- Mint
B L Kashyap & Sons secures ₹1,067 crore worth of orders in 2 days, equal to 65% of its market cap
B L Kashyap and Sons (BLK), a small-cap stock, has been making waves on Dalal Street with a series of order wins, boosting its order book and enhancing revenue visibility. On Monday, the company announced that it had secured an order worth ₹ 910 crore from BPTP Limited for the construction of civil structures for residential towers, including associated non-tower areas and a community building. This was the second major order after the company secured a ₹ 157.26 crore contract on Friday from Manyata Promoters Private Limited for civil and structural works at the Embassy Manyata Business Park project. Together, these two orders amount to ₹ 1,067.26 crore, equivalent to approximately 65% of the company's current market capitalization of ₹ 1,641 crore. Earlier in May, the company had also bagged an order worth ₹ 510 crore from Fidatocity Homes Private Limited for the construction of a residential group housing project with a built-up area of approximately 28.30 lakh square feet. Zooming out, it ended FY25 with a strong order book of ₹ 3,021 crore, representing 2.16 times its FY25 revenue. Haryana and Karnataka are the largest contributors to the company's order book. Segment-wise, commercial projects account for 70% of the total order book, followed by residential (17%), institutional (8%), and infrastructure (5%), according to its latest investor filing. Looking ahead, the company aims to continue bidding for railway projects by leveraging its experience from completed, ongoing, and upcoming metro and railway projects. It plans to strategically grow its presence in the railway sector, with the goal of increasing the government project share to 25% of the order book in FY26, according to the company's recent investor presentation. Currently, its private-to-government project ratio stands at 93:07. The company is targeting a more balanced ratio by capitalizing on infrastructure investments under the National Infrastructure Pipeline (NIP). As part of its future strategy, it said it plans to strategically monetize non-core assets to achieve financial freedom by FY2027. This will involve identifying and liquidating underutilized assets, optimizing its portfolio, and reallocating resources to high-growth areas. Through the unlocking of non-essential assets, the company aims to strengthen its financial position, reduce liabilities, and increase flexibility for reinvestment in core business initiatives. Meanwhile, the company also stated that it has significantly reduced its debt from ₹ 700 crore to ₹ 275 crore in FY25. It also informed us that there is currently no term loan outstanding, with only working capital and bank guarantee limits in place. CRISIL has upgraded the company's credit rating to CRISIL B+/Stable/A4.' The company's shares entered a significant correction phase after hitting an all-time high of ₹ 120.55 apiece in August last year, shedding nearly 40% of their value since then to trade at current level of ₹ 73. This sustained decline is largely due to profit-booking, following a sharp rally between June 2022 and August 2024, during which the stock surged 488% without any major pullbacks. Looking at the long term, the stock is still up 1,162% over the past five years. From its March 2020 low of ₹ 3.30 apiece, the stock has jumped an impressive 2,112% to date.
Mint
22-07-2025
- Business
- Mint
B L Kashyap & Sons secures ₹1,067 crore worth of orders in 2 days, equal to 65% of its market cap
B L Kashyap and Sons (BLK), a small-cap stock, has been making waves on Dalal Street with a series of order wins, boosting its order book and enhancing revenue visibility. On Monday, the company announced that it had secured an order worth ₹ 910 crore from BPTP Limited for the construction of civil structures for residential towers, including associated non-tower areas and a community building. This was the second major order after the company secured a ₹ 157.26 crore contract on Friday from Manyata Promoters Private Limited for civil and structural works at the Embassy Manyata Business Park project. Together, these two orders amount to ₹ 1,067.26 crore, equivalent to approximately 65% of the company's current market capitalization of ₹ 1,641 crore. Earlier in May, the company had also bagged an order worth ₹ 510 crore from Fidatocity Homes Private Limited for the construction of a residential group housing project with a built-up area of approximately 28.30 lakh square feet. Zooming out, it ended FY25 with a strong order book of ₹ 3,021 crore, representing 2.16 times its FY25 revenue. Haryana and Karnataka are the largest contributors to the company's order book. Segment-wise, commercial projects account for 70% of the total order book, followed by residential (17%), institutional (8%), and infrastructure (5%), according to its latest investor filing. Looking ahead, the company aims to continue bidding for railway projects by leveraging its experience from completed, ongoing, and upcoming metro and railway projects. It plans to strategically grow its presence in the railway sector, with the goal of increasing the government project share to 25% of the order book in FY26, according to the company's recent investor presentation. Currently, its private-to-government project ratio stands at 93:07. The company is targeting a more balanced ratio by capitalizing on infrastructure investments under the National Infrastructure Pipeline (NIP). As part of its future strategy, it said it plans to strategically monetize non-core assets to achieve financial freedom by FY2027. This will involve identifying and liquidating underutilized assets, optimizing its portfolio, and reallocating resources to high-growth areas. Through the unlocking of non-essential assets, the company aims to strengthen its financial position, reduce liabilities, and increase flexibility for reinvestment in core business initiatives. Meanwhile, the company also stated that it has significantly reduced its debt from ₹ 700 crore to ₹ 275 crore in FY25. It also informed us that there is currently no term loan outstanding, with only working capital and bank guarantee limits in place. CRISIL has upgraded the company's credit rating to CRISIL B+/Stable/A4.' The company's shares entered a significant correction phase after hitting an all-time high of ₹ 120.55 apiece in August last year, shedding nearly 40% of their value since then to trade at current level of ₹ 73. This sustained decline is largely due to profit-booking, following a sharp rally between June 2022 and August 2024, during which the stock surged 488% without any major pullbacks. Looking at the long term, the stock is still up 1,162% over the past five years. From its March 2020 low of ₹ 3.30 apiece, the stock has jumped an impressive 2,112% to date. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
20-07-2025
- Business
- Yahoo
Jim Cramer on BlackRock Stock: 'It Was a Charnel House'
BlackRock, Inc. (NYSE:BLK) is one of the stocks Jim Cramer weighed in on. Cramer discussed the stock in detail during the episode, as he said: 'Oh, then BlackRock comes out. Now I've championed BlackRock since $600, but it's what have you done for me lately game. I hear it was at $1,111. I look at the headlines, and they seem solid, but there's a seemingly disappointing line about inflows… When I saw the stock up 20, I knew whoever was excited about how BlackRock beat the quarter was a dead man walking. Why? Well, because this is an inflow story, and those moronic quick draws would lose money, but I had no idea they'd lose almost 90 points. A professional asset manager making an investment decision at their office. BlackRock (NYSE:BLK) is an investment firm that manages money for individuals, companies, and governments through a number of funds and financial products. It provides services like risk management and helps clients invest in stocks, bonds, real estate, and other markets around the world. While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
