Partner Fund Management buys $69,345,323 stake in BlackRock (BLK)

BlackRock (BLK) : Partner Fund Management scooped up 59,958 additional shares in BlackRock during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 189,158 shares of BlackRock which is valued at $69,345,323.BlackRock makes up approximately 2.37% of Partner Fund Management’s portfolio.

Other Hedge Funds, Including , Bronfman E.l. Rothschild reduced its stake in BLK by selling 32 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 1,254 shares of BLK which is valued at $459,716. BlackRock makes up approx 0.07% of Bronfman E.l. Rothschild’s portfolio.Calvert Investment Management boosted its stake in BLK in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 8,602 shares of BlackRock which is valued at $3,223,600. BlackRock makes up approx 0.16% of Calvert Investment Management’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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