Hilton Capital Management adds BlackRock (BLK) to its portfolio

BlackRock (BLK) : Hilton Capital Management added new position in BlackRock during the most recent quarter end. The investment management firm now holds 850 shares of BlackRock which is valued at $308,814 , the company said in a statement filed on Jul 26, 2016 with the SEC.BlackRock makes up approximately 0.10% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in BLK by selling 361 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 64,131 shares of BLK which is valued at $23,299,434. BlackRock makes up approx 0.13% of Retirement Systems Of Alabama’s portfolio.Duncker Streett Co Inc boosted its stake in BLK in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 466 shares of BlackRock which is valued at $169,181. BlackRock makes up approx 0.06% of Duncker Streett Co Inc’s portfolio.Community Bank N.a. reduced its stake in BLK by selling 66 shares or 41.51% in the most recent quarter. The Hedge Fund company now holds 93 shares of BLK which is valued at $33,274. BlackRock makes up approx 0.01% of Community Bank N.a.’s portfolio.Braver Wealth Management reduced its stake in BLK by selling 107 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 9,383 shares of BLK which is valued at $3,354,423. BlackRock makes up approx 0.56% of Braver Wealth Management’s portfolio. Cryder Capital Partners Llp sold out all of its stake in BLK during the most recent quarter. The investment firm sold 47,288 shares of BLK which is valued $16,905,460.

BlackRock opened for trading at $362.87 and hit $367.219 on the upside on Friday, eventually ending the session at $366.25, with a gain of 0.79% or 2.88 points. The heightened volatility saw the trading volume jump to 6,48,510 shares. Company has a market cap of $60,414 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.

Investors should note that on Jul 20, 2016, BlackRock announced a cash dividend of $2.2900. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 23, 2016.

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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