BlackRock (BLK) : Papp L Roy Associates reduced its stake in BlackRock by 3.77% during the most recent quarter end. The investment management company now holds a total of 52,673 shares of BlackRock which is valued at $18,292,806 after selling 2,063 shares in BlackRock , the firm said in a disclosure report filed with the SEC on May 9, 2016.BlackRock makes up approximately 4.38% of Papp L Roy Associates’s portfolio.
Other Hedge Funds, Including , Cls Investments sold out all of its stake in BLK during the most recent quarter. The investment firm sold 3 shares of BLK which is valued $1,042.Neuberger Berman Group reduced its stake in BLK by selling 168,980 shares or 18.5% in the most recent quarter. The Hedge Fund company now holds 744,261 shares of BLK which is valued at $264,964,359. BlackRock makes up approx 0.36% of Neuberger Berman Group’s portfolio.Wedbush Securities Inc boosted its stake in BLK in the latest quarter, The investment management firm added 469 additional shares and now holds a total of 2,130 shares of BlackRock which is valued at $758,301. BlackRock makes up approx 0.14% of Wedbush Securities Inc’s portfolio.Btc Capital Management boosted its stake in BLK in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 14,648 shares of BlackRock which is valued at $5,214,834. BlackRock makes up approx 1.20% of Btc Capital Management’s portfolio.Retirement Systems Of Alabama reduced its stake in BLK by selling 991 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 64,492 shares of BLK which is valued at $22,980,434. BlackRock makes up approx 0.14% of Retirement Systems Of Alabama’s portfolio.
BlackRock closed down -8.31 points or -2.34% at $347.29 with 5,59,096 shares getting traded on Friday. Post opening the session at $354.72, the shares hit an intraday low of $346.27 and an intraday high of $357.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.