Sarasin Partners Llp Lowers stake in BlackRock (BLK)

BlackRock (BLK) : Sarasin Partners Llp reduced its stake in BlackRock by 5.28% during the most recent quarter end. The investment management company now holds a total of 294,176 shares of BlackRock which is valued at $104,406,004 after selling 16,384 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.BlackRock makes up approximately 1.67% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Charter Trust Co reduced its stake in BLK by selling 263 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 4,639 shares of BLK which is valued at $1,646,427. BlackRock makes up approx 0.19% of Charter Trust Co’s portfolio.Harbour Capital Advisors boosted its stake in BLK in the latest quarter, The investment management firm added 320 additional shares and now holds a total of 4,005 shares of BlackRock which is valued at $1,399,107. BlackRock makes up approx 0.77% of Harbour Capital Advisors’s portfolio.Canandaigua National Bank Trust Co boosted its stake in BLK in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 3,336 shares of BlackRock which is valued at $1,173,838. BlackRock makes up approx 0.35% of Canandaigua National Bank Trust Co’s portfolio.Independent Portfolio Consultants reduced its stake in BLK by selling 70 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 2,007 shares of BLK which is valued at $718,988. BlackRock makes up approx 0.23% of Independent Portfolio Consultants’s portfolio. West Oak Capital added BLK to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $3,224.

BlackRock opened for trading at $354.8 and hit $357.27 on the upside on Friday, eventually ending the session at $354.91, with a gain of 1.59% or 5.57 points. The heightened volatility saw the trading volume jump to 7,90,278 shares. Company has a market cap of $57,736 M.

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. Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 414 from a previous price target of $404 .

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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