BlackRock Inc. reported its Q4 2023 earnings, matching revenue expectations at $4.63 billion and exceeding EPS estimates with $9.66 compared to the anticipated $8.88. The company experienced equity net inflows of $34.09 billion, falling short of the expected $39.15 billion, and institutional net outflows of $16.07 billion. Assets Under Management (AUM) reached $10.01 trillion, surpassing the estimate of $9.78 trillion. BlackRock also announced the acquisition of Global Infrastructure Partners for a total consideration of $3 billion in cash and 12 million shares of BlackRock common stock. Additionally, the Board of Directors approved a 2% increase in the quarterly cash dividend to $5.10. The company reported net inflows of $95.65 billion for the quarter, below the estimated $128.38 billion, and full year net inflows of $289 billion.
$BLK Earnings: - Q4 Revenue $4.63B - Q4 EPS $9.66 - Raises dividend by 2% to $5.10 dividend - $10 trillion in AUM following $289 billion of full year net inflows, including $96 billion in the fourth quarter “BlackRock delivered differentiated organic growth and operating margin… https://t.co/F2egqw5FmB
BLACKROCK $BLK JUST REPORTED EARNINGS EPS of $9.66 beating expectations of $8.88 Revenue of $4.63B in line with expectations Assets Under Management of $10.01T beating expectations of $9.78T
$BLK | BlackRock Q4 Earnings: - Adj $9.66 (Est. $8.84) - Sales $4.63B (Est. $4.61B) - To Acquire Global Infrastructure Partners For Total Consideration Of $3B Of Cash And 12M Shares Of Blackrock Common Stock - Board Of Directors Approved A 2% Increase In The Quarterly Cash… https://t.co/L3Yjtlq3Th
$BLK BLACKROCK Q4 2023 EARNINGS REV. $4.63B, EST. $4.63B ADJ EPS $9.66, EST. $8.88 EQUITY NET INFLOWS $34.09B, EST. $39.15B INSTITUTIONAL NET OUTFLOWS $16.07B AUM $10.01T, EST. $9.78T NET INFLOWS $95.65B, EST. $128.38B
$BLK Blackrock Q4 2023 Earnings REV. $4.63B, EST. $4.63B ADJ EPS $9.66, EST. $8.88 EQUITY NET INFLOWS $34.09B, EST. $39.15B INSTITUTIONAL NET OUTFLOWS $16.07B AUM $10.01T, EST. $9.78T NET INFLOWS $95.65B, EST. $128.38B