Published: Fri, April 13, 2018
Business | By Kate Woods

BlackRock, Inc. (BLK) Beats Estimates In Spite Of Declining ETF Flows

BlackRock, Inc. (BLK) Beats Estimates In Spite Of Declining ETF Flows

They expect $2.01 earnings per share, up 9.84% or $0.18 from last year's $1.83 per share. The hedge fund held 180,000 shares of the finance company at the end of 2017Q4, valued at $92.47 million, down from 205,000 at the end of the previous reported quarter. San Francisco Sentry Invest Grp Inc (Ca) holds 0% or 67 shares. The stock increased 1.85% or $9.72 during the last trading session, reaching $535.03. About 288,043 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since April 12, 2017 and is uptrending. It has outperformed by 25.88% the S&P500. Can now owns 146,915 shares of the company's stock valued at $53,234,000 after buying an additional 3,542 shares during the period. Chemung Canal Tru reported 1.72% of its portfolio in BlackRock, Inc. Cypress Asset Management Inc who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $84.99B market cap company. (NYSE:BLK). 1832 Asset Mgmt L P has invested 0.01% of its portfolio in BlackRock, Inc. BLK outperformed the S&P500 by 30.35%.

During 2017 Q4 the big money sentiment decreased to 1.19. It has change of 0.19, from 2017Q3's 1.38. The average broker rating helps investors by offering a general feel for sell-side sentiment on company shares. 313 rose stakes while 122 funds took stakes. 26,912 were accumulated by Ngam Advisors L P. Dsm Ptnrs Ltd has invested 0.37% in BlackRock, Inc. (NYSE:BLK). Dearborn Prns Lc holds 0.01% or 401 shs in its capital.

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Centaur Capital Partners Lp, which manages about $166.13 million and $63.09 million US Long portfolio, decreased its stake in Flir Sys Inc (NASDAQ:FLIR) by 34,000 shares to 6,000 shares, valued at $280,000 in 2017Q4, according to the filing. (NYSE:BLK). Zevenbergen Cap Invests Ltd Liability Corp has invested 0.05% of its capital in BlackRock, Inc. The fund owned 1,712 shares of the asset manager's stock after buying an additional 352 shares during the quarter. Daiwa Securities Group owns 22,948 shares or 0.08% of their USA portfolio. Prudential Plc has invested 0.03% in BlackRock, Inc. Inv Mngmt Of Virginia Ltd Liability accumulated 0.82% or 6,727 shares. 125.13 million shares or 1.30% less from 126.78 million shares in 2017Q3 were reported. First Pacific Llc holds 0.01% or 2,250 shs. Barclays Public Ltd has invested 0.05% in BlackRock, Inc.

BLK stock traded up $7.70 during mid-day trading on Thursday, reaching $533.01.

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BlackRock, Inc is an investment management company. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 3,700 shares in the quarter, leaving it with 321,975 shares, and cut its stake in Check Point Software Tech Lt (NASDAQ:CHKP). Assetmark Inc. lifted its holdings in BlackRock by 57.1% during the 4th quarter. (NYSE:FBHS) has declined 3.33% since April 12, 2017 and is downtrending. BLK's profit will be $1.05B for 20.32 P/E if the $6.46 EPS becomes a reality. Chemical National Bank holds 0.26% in BlackRock, Inc. Therefore 50% are positive. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Tuesday, January 16 by Wells Fargo. Deutsche Bank maintained the shares of BLK in report on Tuesday, July 18 with "Buy" rating. On Thursday, April 5 Credit Suisse maintained BlackRock, Inc. (NYSE:BLK). Los Angeles Cap Mngmt & Equity Research owns 43,156 shares. Susquehanna has "Neutral" rating and $315 target.

BlackRock, a publicly owned investment manager. (NYSE:BLK). 3,560 were accumulated by Sumitomo Life Insurance Commerce. The stock of Facebook, Inc. (NYSE:BLK) has "Buy" rating given on Thursday, September 28 by Goldman Sachs. On Tuesday, March 6 Deutsche Bank maintained BlackRock, Inc. In Tuesday, March 6 report Deutsche Bank maintained it with "Buy" rating and $623 target. The firm earned "Buy" rating on Monday, January 29 by KeyBanc Capital Markets. Its up 0.14, from 0.91 in 2017Q3. 147 funds opened positions while 670 raised stakes. Adell Harriman And Carpenter reported 49,211 shares. At the same time, we also saw many corporate clients adapting to U.S. tax reform by seeking liquidity to fund future capital investment or more aggressive share repurchases. Ims Cap Mgmt holds 1.04% or 3,275 shares. Tdam Usa holds 0.88% of its portfolio in BlackRock, Inc. State Street Corp invested in 5.49M shs. 270,697 were accumulated by Cornerstone. Oppenheimer Asset holds 1.81% or 525,084 shares in its portfolio. Lee Danner And Bass Incorporated has invested 1.49% in Johnson & Johnson (NYSE:JNJ). Mitsubishi Ufj Trust invested 0.06% of its portfolio in Celanese Corporation (NYSE:CE). Therefore 70% are positive. Celanese had 72 analyst reports since September 1, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 10 by Jefferies. JP Morgan maintained it with "Overweight" rating and $640 target in Wednesday, March 14 report.

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