Mawer Investment Management Ltd. Lowers stake in BlackRock (BLK)

BlackRock (BLK) : Mawer Investment Management Ltd. reduced its stake in BlackRock by 1.01% during the most recent quarter end. The investment management company now holds a total of 651,388 shares of BlackRock which is valued at $238,798,841 after selling 6,627 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.BlackRock makes up approximately 3.41% of Mawer Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Silvercrest Asset Management Group reduced its stake in BLK by selling 319 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 278,869 shares of BLK which is valued at $102,233,375. BlackRock makes up approx 1.24% of Silvercrest Asset Management Group’s portfolio.Chartwell Investment Partners reduced its stake in BLK by selling 1,985 shares or 8.06% in the most recent quarter. The Hedge Fund company now holds 22,643 shares of BLK which is valued at $8,485,464. BlackRock makes up approx 0.14% of Chartwell Investment Partners’s portfolio.Linscomb Williams reduced its stake in BLK by selling 364 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 7,080 shares of BLK which is valued at $2,653,230. BlackRock makes up approx 0.26% of Linscomb Williams’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… added BLK to its portfolio by purchasing 44,000 company shares during the most recent quarter which is valued at $16,199,040. BlackRock makes up approx 0.20% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.

BlackRock closed down -0.64 points or -0.17% at $372.17 with 4,57,515 shares getting traded on Thursday. Post opening the session at $374.12, the shares hit an intraday low of $366.72 and an intraday high of $375.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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