BlackRock (BLK) : Greenwood Capital Associates reduced its stake in BlackRock by 3.76% during the most recent quarter end. The investment management company now holds a total of 12,891 shares of BlackRock which is valued at $4,818,785 after selling 503 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.BlackRock makes up approximately 1.46% of Greenwood Capital Associates’s portfolio.
Other Hedge Funds, Including , Glg reduced its stake in BLK by selling 579 shares or 7.91% in the most recent quarter. The Hedge Fund company now holds 6,740 shares of BLK which is valued at $2,519,479. BlackRock makes up approx 0.22% of Glg’s portfolio.Copeland Capital Management reduced its stake in BLK by selling 406 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 6,145 shares of BLK which is valued at $2,080,758. BlackRock makes up approx 0.14% of Copeland Capital Management’s portfolio.Smith Asset Management Group Lp boosted its stake in BLK in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 231 shares of BlackRock which is valued at $78,219.
BlackRock opened for trading at $371.22 and hit $375.2 on the upside on Monday, eventually ending the session at $372.78, with a gain of 0.38% or 1.41 points. The heightened volatility saw the trading volume jump to 4,68,931 shares. Company has a market cap of $61,008 M.
On the company’s financial health, BlackRock reported $5.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $4.99. The company had revenue of $2837.00 million for the quarter, compared to analysts expectations of $2893.96 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.00 EPS.
Many Wall Street Analysts have commented on BlackRock. Company shares were Reiterated by UBS on Oct 19, 2016 to “Buy”, Firm has raised the Price Target to $ 430 from a previous price target of $415 .Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 414 from a previous price target of $404 .
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.