Curian Capital Lowers stake in BlackRock (BLK)

BlackRock (BLK) : Curian Capital reduced its stake in BlackRock by 52.88% during the most recent quarter end. The investment management company now holds a total of 17,413 shares of BlackRock which is valued at $6,010,968 after selling 19,539 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.BlackRock makes up approximately 0.43% of Curian Capital’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in BLK in the latest quarter, The investment management firm added 11,049 additional shares and now holds a total of 46,829 shares of BlackRock which is valued at $16,165,371. BlackRock makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.Stock Yards Bank Trust Co reduced its stake in BLK by selling 7,007 shares or 15.09% in the most recent quarter. The Hedge Fund company now holds 39,435 shares of BLK which is valued at $13,253,315. BlackRock makes up approx 1.77% of Stock Yards Bank Trust Co’s portfolio.Indiana Trust Investment Management Co reduced its stake in BLK by selling 38 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 5,499 shares of BLK which is valued at $1,848,104. BlackRock makes up approx 0.97% of Indiana Trust Investment Management Co’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in BLK in the latest quarter, The investment management firm added 595 additional shares and now holds a total of 14,806 shares of BlackRock which is valued at $4,976,000. BlackRock makes up approx 0.96% of First Financial Bank N.a. – Trust Division’s portfolio.

BlackRock opened for trading at $348.04 and hit $349.44 on the upside on Monday, eventually ending the session at $347.5, with a gain of 0.67% or 2.3 points. The heightened volatility saw the trading volume jump to 4,04,417 shares. Company has a market cap of $56,770 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. 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 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 .

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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