Hengehold Capital Management buys $1,688,448 stake in BlackRock (BLK)

BlackRock (BLK) : Hengehold Capital Management scooped up 6 additional shares in BlackRock during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 4,693 shares of BlackRock which is valued at $1,688,448.BlackRock makes up approximately 0.53% of Hengehold Capital Management’s portfolio.

Other Hedge Funds, Including , Highland Capital Management sold out all of its stake in BLK during the most recent quarter. The investment firm sold 5,002 shares of BLK which is valued $1,799,620.Renaissance Investment Group boosted its stake in BLK in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 9,945 shares of BlackRock which is valued at $3,558,122. BlackRock makes up approx 1.70% of Renaissance Investment Group’s portfolio.Douglass Winthrop Advisors reduced its stake in BLK by selling 405 shares or 19.24% in the most recent quarter. The Hedge Fund company now holds 1,700 shares of BLK which is valued at $607,750. BlackRock makes up approx 0.04% of Douglass Winthrop Advisors’s portfolio.Firstmerit Bank N A Trustee boosted its stake in BLK in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 17,082 shares of BlackRock which is valued at $6,106,815. BlackRock makes up approx 0.48% of Firstmerit Bank N A Trustee’s portfolio.

BlackRock opened for trading at $358.66 and hit $360.73 on the upside on Wednesday, eventually ending the session at $359.78, with a gain of 0.90% or 3.2 points. The heightened volatility saw the trading volume jump to 4,33,788 shares. Company has a market cap of $59,347 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 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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