Exencial Wealth Advisors buys $5,765,289 stake in BlackRock (BLK)

BlackRock (BLK) : Exencial Wealth Advisors scooped up 183 additional shares in BlackRock during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 15,775 shares of BlackRock which is valued at $5,765,289.BlackRock makes up approximately 2.65% of Exencial Wealth Advisors’s portfolio.

BlackRock opened for trading at $365.16 and hit $369.21 on the upside on Friday, eventually ending the session at $365.47, with a gain of 0.38% or 1.38 points. The heightened volatility saw the trading volume jump to 5,12,090 shares. Company has a market cap of $60,696 M.

Other Hedge Funds, Including , First Citizens Bank Trust Co sold out all of its stake in BLK during the most recent quarter. The investment firm sold 623 shares of BLK which is valued $227,688.Laurel Grove Capital reduced its stake in BLK by selling 300 shares or 17.65% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of BLK which is valued at $511,658. BlackRock makes up approx 0.29% of Laurel Grove Capital’s portfolio.Exchange Capital Management reduced its stake in BLK by selling 289 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 13,603 shares of BLK which is valued at $4,866,337. BlackRock makes up approx 2.07% of Exchange Capital Management’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in BLK in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 14,211 shares of BlackRock which is valued at $4,731,695. BlackRock makes up approx 0.94% of First Financial Bank N.a. – Trust Division’s portfolio.

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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