Dean Investment Associates Lowers stake in BlackRock (BLK)

BlackRock (BLK) : Dean Investment Associates reduced its stake in BlackRock by 1.24% during the most recent quarter end. The investment management company now holds a total of 15,953 shares of BlackRock which is valued at $5.5 Million after selling 201 shares in BlackRock , the firm said in a disclosure report filed with the SEC on May 12, 2016.BlackRock makes up approximately 1.14% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , Donaldson Capital Management reduced its stake in BLK by selling 56,779 shares or 89.22% in the most recent quarter. The Hedge Fund company now holds 6,863 shares of BLK which is valued at $2.4 Million. BlackRock makes up approx 0.35% of Donaldson Capital Management’s portfolio.Mandatum Life Insurance Co Ltd boosted its stake in BLK in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 1,890 shares of BlackRock which is valued at $656,378. BlackRock makes up approx 0.09% of Mandatum Life Insurance Co Ltd’s portfolio.Liberty Mutual Group Asset Management boosted its stake in BLK in the latest quarter, The investment management firm added 761 additional shares and now holds a total of 8,420 shares of BlackRock which is valued at $3 Million. BlackRock makes up approx 0.12% of Liberty Mutual Group Asset Management’s portfolio. Partnervest Advisory Services added BLK to its portfolio by purchasing 765 company shares during the most recent quarter which is valued at $272,348. BlackRock makes up approx 0.15% of Partnervest Advisory Services’s portfolio.

BlackRock opened for trading at $353.61 and hit $357.333 on the upside on Friday, eventually ending the session at $354.01, with a gain of 0.98% or 3.44 points. The heightened volatility saw the trading volume jump to 5,15,982 shares. Company has a market cap of $57,833 M.

On the company’s financial health, BlackRock reported $4.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $4.30. The company had revenue of $2624.00 million for the quarter, compared to analysts expectations of $2737.66 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.89 EPS.

Many Wall Street Analysts have commented on BlackRock. BlackRock was Upgraded by Citigroup to ” Buy” on Apr 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 392 from a previous price target of $367 .Company shares were Reiterated by UBS on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 390 from a previous price target of $350 .

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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