Davis Capital Partners LLC Decreased Stake in Blackrock INC (BLK) by $12.83 Million; Shares Rose

April 20, 2018 - By Tracy Fowler

BlackRock, Inc. (NYSE:BLK) Corporate LogoBig Money Sentiment decreased to 1.19 in 2017 Q4. It has change of 0.19, from 2017Q3’s 1.38. The ratio worsened due to BLK positioning: 42 sold and 325 reduced. 122 funds bought holdings and 313 increased holdings. Investors holded 130.57 million in 2017Q3 but now own 129.61 million shares or 0.73% less. Commonwealth Of Pennsylvania School Empls Retrmt invested 0.08% of its capital in BlackRock, Inc. (NYSE:BLK). Fayez Sarofim & reported 472,535 shs. Cincinnati Specialty Underwriters Insur invested in 4.3% or 10,000 shs. Strs Ohio invested 0.15% of its capital in BlackRock, Inc. (NYSE:BLK). Rafferty Asset Limited Liability Company owns 0.25% invested in BlackRock, Inc. (NYSE:BLK) for 28,309 shs. Wells Fargo And Mn has 2.00 million shs for 0.3% of their capital. Td Asset Mgmt holds 0.32% of its capital in BlackRock, Inc. (NYSE:BLK) for 429,947 shs. Hedeker Wealth Ltd Llc has invested 0.28% of its capital in BlackRock, Inc. (NYSE:BLK). Capital Inv Advisors Llc stated it has 0.07% in BlackRock, Inc. (NYSE:BLK). M Hldgs, Oregon-based fund reported 556 shs. The Arkansas-based Stephens Ar has invested 0.09% in BlackRock, Inc. (NYSE:BLK). D E Shaw & owns 47,230 shs. Pinebridge Invests Limited Partnership reported 130 shs. Denver Investment Advsrs Ltd Liability has invested 0.93% in BlackRock, Inc. (NYSE:BLK). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.23% or 51,419 shs.

According to 2017Q4 Securities and Exchange form the Davis Capital Partners Llc decreased its stake in Blackrock Inc (BLK) by 12.2%. The company’s stock popped up 3.90% while Davis Capital Partners Llc sold 25,000 shares. At the end of 2017Q4, the 180,000 shares of the finance company held by the hedge fund were valued at $92.47 million, down from 205,000 at the end of the previous reported quarter. $84.68B is Blackrock Inc’s market cap. Ticker’s shares touched $525.06 during the last trading session after 0.35% change.BlackRock, Inc. has volume of 525,355 shares. Since April 20, 2017 BLK has risen 41.90% and is uptrending. BLK outperformed by 30.35% the S&P500.

For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on July, 16. They expect $6.73 earnings per share, up 28.44 % or $1.49 from last year’s $5.24 per share. BLK’s profit will be $1.09B for 19.50 P/E if the $6.73 EPS becomes a reality. After $6.70 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 0.45 % EPS growth.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

A total of 8 analysts rate Blackrock Inc (NYSE:BLK) as follows: 4 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 50% are bullish. The firm has $682 highest and $521.0 lowest target. The avg target $614 is 16.94% above the last ($525.06) price. (NYSE:BLK) has 14 ratings reports on Apr 20, 2018 according to StockzIntelligence. On Thursday, January 25 Citigroup downgraded the shares of BLK in report to “Hold” rating. The company rating was maintained by Jefferies on Wednesday, January 10. In Tuesday, April 10 report Keefe Bruyette & Woods maintained it with “Hold” rating and $61400 target. On Wednesday, March 14 the firm has “Overweight” rating by JP Morgan given. On Friday, April 13 the stock of BlackRock, Inc. (NYSE:BLK) earned “Outperform” rating by Credit Suisse. In Tuesday, March 6 report Deutsche Bank maintained the stock with “Buy” rating. On Wednesday, April 11 the rating was maintained by Jefferies with “Hold”. The stock rating was maintained by Wells Fargo with “Hold” on Tuesday, January 16. The company rating was maintained by Deutsche Bank on Friday, April 6. On Monday, January 15 the rating was maintained by Deutsche Bank with “Buy”.

BlackRock, Inc. (NYSE:BLK) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.