Haverford Financial Services Inc. Sells 339 Shares of BlackRock (BLK)

Haverford Financial Services Inc. lessened its holdings in BlackRock (NYSE:BLK) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,352 shares of the asset manager’s stock after selling 339 shares during the period. BlackRock accounts for about 4.8% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 4th biggest holding. Haverford Financial Services Inc.’s holdings in BlackRock were worth $12,650,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its stake in shares of BlackRock by 10.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 960 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 93 shares during the last quarter. Naples Global Advisors LLC lifted its stake in shares of BlackRock by 1.7% in the 4th quarter. Naples Global Advisors LLC now owns 5,495 shares of the asset manager’s stock valued at $2,823,000 after purchasing an additional 93 shares during the last quarter. Lau Associates LLC lifted its stake in shares of BlackRock by 10.3% in the 4th quarter. Lau Associates LLC now owns 1,026 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 96 shares during the last quarter. Bank of The West lifted its stake in shares of BlackRock by 3.8% in the 1st quarter. Bank of The West now owns 2,604 shares of the asset manager’s stock valued at $1,411,000 after purchasing an additional 96 shares during the last quarter. Finally, Pekin Singer Strauss Asset Management IL lifted its stake in shares of BlackRock by 20.9% in the 1st quarter. Pekin Singer Strauss Asset Management IL now owns 578 shares of the asset manager’s stock valued at $313,000 after purchasing an additional 100 shares during the last quarter. 84.44% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Deutsche Bank reduced their price objective on shares of BlackRock from $623.00 to $614.00 and set a “buy” rating for the company in a research note on Friday, April 6th. JPMorgan Chase reaffirmed an “overweight” rating and issued a $640.00 price objective on shares of BlackRock in a research note on Wednesday, March 14th. Zacks Investment Research lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Citigroup lowered shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective for the company. in a research note on Thursday, January 25th. Finally, ValuEngine lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and a consensus target price of $566.62.

BlackRock stock opened at $535.58 on Friday. The firm has a market cap of $86.10 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.61 and a beta of 1.67. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.96 and a quick ratio of 3.96. BlackRock has a fifty-two week low of $530.37 and a fifty-two week high of $536.99.

BlackRock (NYSE:BLK) last released its earnings results on Thursday, April 12th. The asset manager reported $6.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.39 by $0.31. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. BlackRock had a net margin of 39.22% and a return on equity of 12.76%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.25 EPS. equities analysts forecast that BlackRock will post 28.06 earnings per share for the current fiscal year.

In other news, COO Robert L. Goldstein sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $558.00, for a total transaction of $2,790,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Ford acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were bought at an average cost of $530.95 per share, with a total value of $530,950.00. The disclosure for this purchase can be found here. Insiders have sold 15,686 shares of company stock valued at $8,573,450 in the last ninety days. 1.86% of the stock is owned by company insiders.

BlackRock Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SG Americas Securities LLC Has $958,000 Stake in Jabil Inc
SG Americas Securities LLC Has $958,000 Stake in Jabil Inc
SG Americas Securities LLC Purchases 30,004 Shares of Nutrisystem
SG Americas Securities LLC Purchases 30,004 Shares of Nutrisystem
Sohu.com Inc  Shares Bought by SG Americas Securities LLC
Sohu.com Inc Shares Bought by SG Americas Securities LLC
Schlumberger Limited.  Stake Decreased by SG Americas Securities LLC
Schlumberger Limited. Stake Decreased by SG Americas Securities LLC
Sumitomo Mitsui Trust Holdings Inc. Increases Position in Wells Fargo & Co
Sumitomo Mitsui Trust Holdings Inc. Increases Position in Wells Fargo & Co
New York State Teachers Retirement System Sells 160,180 Shares of Wells Fargo & Co
New York State Teachers Retirement System Sells 160,180 Shares of Wells Fargo & Co


Leave a Reply

 
© 2006-2018 Zolmax.