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

BLACKROCK, INC.

(BLK)
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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
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Financials (USD)
Sales 2020 15 907 M - -
Net income 2020 4 774 M - -
Net cash 2020 1 369 M - -
P/E ratio 2020 23,7x
Yield 2020 1,98%
Capitalization 112 B 112 B -
EV / Sales 2020 6,96x
EV / Sales 2021 5,95x
Nbr of Employees 16 600
Free-Float 87,5%
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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 735,05 $
Spread / Highest target 21,1%
Spread / Average Target 12,5%
Spread / Lowest Target -2,73%
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
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