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 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BlackRock : Completes Acquisition of eFront -- Industry Leading Alternatives Investment Software Provider

share with twitter share with LinkedIn share with facebook
05/10/2019 | 06:01am EDT

Combination of Aladdin and eFront Sets New Standard in Investment Management Technology

BlackRock, Inc. (NYSE:BLK) has completed the acquisition of eFront, the world’s leading end-to-end alternative investment management software and solutions provider. The combination of eFront with Aladdin will set a new standard in investment and risk management technology, vastly expanding Aladdin’s alternatives capabilities and providing a whole-portfolio technology solution to clients.

“As more investors incorporate alternatives into their portfolios, the ability to seamlessly manage portfolios across public and private asset classes on a single platform is critical,” said Rob Goldstein, Chief Operating Officer of BlackRock. “eFront will extend Aladdin’s end-to-end processing capabilities in alternative asset classes, enabling clients to get an enterprise view of their portfolio. We are excited to welcome eFront’s 700 employees to BlackRock as we continue to offer eFront as its own platform and enrich its value proposition with Aladdin analytics. BlackRock and eFront share the same vision of making alternatives less alternative and will work together towards that objective.”

“Aladdin has long been recognized as the best-in-class unified investment and risk management technology platform in the industry,” said Tarek Chouman, Chief Executive Officer of eFront. “Joining BlackRock, adopting its user-provider model and integrating with Aladdin means that our investor, fund administrator and fund manager clients will benefit from constantly elevated standards and innovative product features."

About eFront

Founded in 1999, eFront is based in Paris and is the leading technology provider for managing the alternatives investment lifecycle, from due diligence and portfolio planning, to performance and risk analysis, across a range of alternative asset classes. eFront’s solutions serve investors in the private equity, real estate investment, banking, and insurance sectors.

About Aladdin

Aladdin has always been at the core of BlackRock. It combines sophisticated risk analytics, exposure and performance analyses with comprehensive portfolio management, trading, compliance and operational tools on a single unified platform. Aladdin was first built to manage BlackRock’s business, and the firm continues to be the largest user of Aladdin today. Through Aladdin, the firm offers to clients the same technology and intellectual capital that BlackRock uses to manage investments day-to-day. BlackRock's unique user/provider model brings a practitioners perspective to Aladdin.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of March 31, 2019, the firm managed approximately $6.52 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.


© Business Wire 2019
share with twitter share with LinkedIn share with facebook
Latest news on BLACKROCK, INC.
08/10BLACKROCK : Management's Discussion and Analysis of Financial Condition and Resu..
AQ
08/06NOTIFICATION IN ACCORDANCE WITH THE : BlackRock, Inc.'s holding in Wärtsilä Cor..
AQ
08/05BLACKROCK : Scottish Widows Invests $2.6Bln in BlackRock's Climate Fund
DJ
08/05W Resources Draws GBP500,000 From Bond Facility
DJ
08/04Argentina Agrees to $65 Billion Restructuring Deal With Bondholders -- Update
DJ
08/04Argentina Nears $65 Billion Restructuring Deal With Bondholders -- 2nd Update
DJ
08/04Merlin Properties buoyed by Brookfield bid report
RE
08/04CREDIT MARKETS : Argentina Finalizing $65 Billion Debt Deal -- WSJ
DJ
08/03Argentina's $65 billion debt deal draws near on eve of deadline
RE
08/03Argentina Nears $65 Billion Restructuring Deal With Bondholders -- Update
DJ
More news
Financials (USD)
Sales 2020 15 180 M - -
Net income 2020 4 381 M - -
Net cash 2020 980 M - -
P/E ratio 2020 20,4x
Yield 2020 2,46%
Capitalization 88 471 M 88 471 M -
EV / Sales 2020 5,76x
EV / Sales 2021 5,32x
Nbr of Employees 16 300
Free-Float 86,1%
Chart BLACKROCK, INC.
Duration : Period :
BlackRock, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BLACKROCK, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 638,18 $
Last Close Price 580,20 $
Spread / Highest target 18,1%
Spread / Average Target 9,99%
Spread / Lowest Target -3,48%
EPS Revisions
Managers
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.15.42%88 471
UBS GROUP AG-9.94%43 270
BANK OF NEW YORK MELLON CORPORATION (THE)-25.00%33 441
T. ROWE PRICE GROUP INC.14.60%31 694
STATE STREET CORPORATION-11.67%24 515
AMERIPRISE FINANCIAL INC.-3.45%19 277