BlackRock (BLK) : Alpenglow Capital Lp added new position in BlackRock during the most recent quarter end. The investment management firm now holds 6,000 shares of BlackRock which is valued at $2,199,600 , the company said in a statement filed on Aug 15, 2016 with the SEC.BlackRock makes up approximately 3.78% of Alpenglow Capital Lp’s portfolio.
Other Hedge Funds, Including , Balyasny Asset Management added BLK to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $10,998,000. BlackRock makes up approx 0.09% of Balyasny Asset Management’s portfolio.Pictet Asset Management Ltd reduced its stake in BLK by selling 2,544 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 102,367 shares of BLK which is valued at $37,527,742. BlackRock makes up approx 0.14% of Pictet Asset Management Ltd’s portfolio.Mirae Asset Global Investments Ltd. boosted its stake in BLK in the latest quarter, The investment management firm added 37,910 additional shares and now holds a total of 59,203 shares of BlackRock which is valued at $21,703,820. BlackRock makes up approx 0.53% of Mirae Asset Global Investments Ltd.’s portfolio.Umb Bank N Amo boosted its stake in BLK in the latest quarter, The investment management firm added 3,157 additional shares and now holds a total of 27,498 shares of BlackRock which is valued at $9,990,298. BlackRock makes up approx 0.41% of Umb Bank N Amo’s portfolio.
BlackRock closed down -0.64 points or -0.17% at $372.17 with 4,57,515 shares getting traded on Thursday. Post opening the session at $374.12, the shares hit an intraday low of $366.72 and an intraday high of $375.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, BlackRock reported $4.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 14, 2016. Analyst had a consensus of $4.79. The company had revenue of $2804.00 million for the quarter, compared to analysts expectations of $2805.03 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.96 EPS.
Many Wall Street Analysts have commented on BlackRock. BlackRock was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 15, 2016. 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 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.