Stillwater Capital Advisors Lowers stake in BlackRock (BLK)

BlackRock (BLK) : Stillwater Capital Advisors reduced its stake in BlackRock by 1.51% during the most recent quarter end. The investment management company now holds a total of 32,767 shares of BlackRock which is valued at $11,722,067 after selling 502 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.BlackRock makes up approximately 3.40% of Stillwater Capital Advisors’s portfolio.

BlackRock opened for trading at $354.42 and hit $358.31 on the upside on Friday, eventually ending the session at $357.74, with a gain of 0.80% or 2.83 points. The heightened volatility saw the trading volume jump to 11,08,939 shares. Company has a market cap of $59,412 M.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in BLK in the latest quarter, The investment management firm added 2,432 additional shares and now holds a total of 30,735 shares of BlackRock which is valued at $10,995,139. BlackRock makes up approx 0.25% of Exxonmobil Investment Management Inc Tx’s portfolio.Creative Planning reduced its stake in BLK by selling 70 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 2,824 shares of BLK which is valued at $940,279. BlackRock makes up approx 0.01% of Creative Planning’s portfolio.Proficio Capital Partners reduced its stake in BLK by selling 12 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 24 shares of BLK which is valued at $7,991. BlackRock makes up approx 0.01% of Proficio Capital Partners’s portfolio.Stock Yards Bank Trust Co boosted its stake in BLK in the latest quarter, The investment management firm added 1,993 additional shares and now holds a total of 46,442 shares of BlackRock which is valued at $15,463,328. BlackRock makes up approx 2.22% of Stock Yards Bank Trust Co’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. 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 .Company shares were Reiterated by Deutsche Bank on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 383 from a previous price target of $379 .

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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