Pioneer Trust Bank N Aor Lowers stake in BlackRock (BLK)

BlackRock (BLK) : Pioneer Trust Bank N Aor reduced its stake in BlackRock by 0.11% during the most recent quarter end. The investment management company now holds a total of 9,115 shares of BlackRock which is valued at $3,261,165 after selling 10 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.BlackRock makes up approximately 1.92% of Pioneer Trust Bank N Aor’s portfolio.

Other Hedge Funds, Including , Windward Capital Management Co Ca boosted its stake in BLK in the latest quarter, The investment management firm added 363 additional shares and now holds a total of 44,866 shares of BlackRock which is valued at $16,052,157. BlackRock makes up approx 3.00% of Windward Capital Management Co Ca’s portfolio.Naples Global Advisors boosted its stake in BLK in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 4,775 shares of BlackRock which is valued at $1,707,063. BlackRock makes up approx 0.69% of Naples Global Advisors’s portfolio.Campbell Newman Asset Management Inc reduced its stake in BLK by selling 39 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 26,795 shares of BLK which is valued at $9,579,213. BlackRock makes up approx 1.70% of Campbell Newman Asset Management Inc’s portfolio.Alpha Windward reduced its stake in BLK by selling 130 shares or 21.74% in the most recent quarter. The Hedge Fund company now holds 468 shares of BLK which is valued at $161,554. BlackRock makes up approx 0.12% of Alpha Windward’s portfolio.

BlackRock opened for trading at $357.56 and hit $359.69 on the upside on Monday, eventually ending the session at $357.78, with a gain of 0.26% or 0.93 points. The heightened volatility saw the trading volume jump to 4,48,442 shares. Company has a market cap of $59,017 M.

On the company’s financial health, BlackRock reported $4.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 14, 2016. Analyst had a consensus of $4.79. The company had revenue of $2804.00 million for the quarter, compared to analysts expectations of $2805.03 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.96 EPS.

Many Wall Street Analysts have commented on BlackRock. BlackRock was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 15, 2016. Shares were Reiterated by Deutsche Bank on Jun 16, 2016 to “Buy” and Lowered the Price Target to $ 363 from a previous price target of $386 .BlackRock was Upgraded by Citigroup to ” Buy” on Apr 19, 2016.

BlackRock Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities fixed income alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles including open-end and closed-end mutual funds iShares exchange-traded funds (ETFs) separate accounts collective investment funds and other pooled investment vehicles. The Company also offers its BlackRock Solutions investment and risk management technology platform Aladdin risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31 2014.

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