Mawer Investment Management LTD Decreased Blackrock INC (BLK) Stake by $8.78 Million

June 27, 2018 - By Alice Reed

BlackRock, Inc. (NYSE:BLK) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.99. That’s change of 0.20, from 2017Q4’s 1.19. 51 investors sold all, 357 reduced holdings as BLK ratio fall. 306 rose stakes while 99 funds amassed stakes. Funds hold 129.75 million shares thus 0.11% more from 2017Q4’s 129.61 million shares. Metropolitan Life Insur Co New York invested 0% in BlackRock, Inc. (NYSE:BLK). Neville Rodie And Shaw holds 425 shs. Catalyst Advsrs Limited invested in 35,100 shs or 0.68% of the stock. 3,679 are owned by Private Asset Inc. Moreover, Citadel Ltd Llc has 0.01% invested in BlackRock, Inc. (NYSE:BLK). Cleararc Capital holds 3,169 shs or 0.26% of its capital. Fairfield Bush stated it has 0.31% of its capital in BlackRock, Inc. (NYSE:BLK). Moreover, Utah Retirement has 0.27% invested in BlackRock, Inc. (NYSE:BLK) for 23,122 shs. Legal And General Group Public Limited Company invested in 569,445 shs or 0.24% of the stock. Capital Intll Ca has invested 0.59% of its capital in BlackRock, Inc. (NYSE:BLK). Ubs Asset Americas reported 0% in BlackRock, Inc. (NYSE:BLK). Soros Fund Mngmt Llc owns 8,125 shs. Allsquare Wealth Lc holds 6 shs. Finemark Bank & Tru stated it has 1.01% in BlackRock, Inc. (NYSE:BLK). Seaward Mngmt Limited Partnership has invested 0.01% in BlackRock, Inc. (NYSE:BLK).

According to 2018Q1 Securities and Exchange filling the Mawer Investment Management Ltd reduced its holdings in Blackrock Inc (BLK) by 3.85%. The company’s stock sank 4.32% while Mawer Investment Management Ltd sold 16,220 shares. At the end of 2018Q1, the institutional investor held 405,090 shares of the finance company, valued at $219.45 million, down from 421,310 at the end of the previous reported quarter. Blackrock Inc has $83.23B MC. Ticker’s shares touched $516.53 during the last trading session after 1.11% change.Currently BlackRock, Inc. is uptrending after 32.79% change in last June 27, 2017. BLK has 102,492 shares volume. The stock outperformed the S&P500 by 20.22%.

According to a filing Mawer Investment Management Ltd upped its stake in Suncor Energy Inc (NYSE:SU) by 786,500 shares to 7.07M shares, valued at $243.73M in 2018Q1. The fund manages about $20.93B and $11.94B US Long portfolio. For a total of 2.91M shares it increased its holding in Thomson Reuters Corp (NYSE:TRI) by 189,159 shares in the quarter, and has risen its stake in Fox Factory Holding Corp (NASDAQ:FOXF).

Investors expect BlackRock, Inc. (NYSE:BLK)’s quarterly earnings on July, 16., RTT reports. Analysts have expectation on stock’s earnings per share of $6.71. That’s up 28.05 % from last year’s $5.24 earnings per share. This could reach $1.08B profit for BLK assuming the current $6.71 earnings per share will become reality. After $6.70 EPS report previous quarter, Wall Street now predicts 0.15 % EPS growth of BlackRock, Inc..

For more BlackRock, Inc. (NYSE:BLK) news posted briefly go to: Seekingalpha.com, Bizjournals.com, Globenewswire.com, Seekingalpha.com or Fool.com. The titles are as follows: “ETF price wars: BlackRock slashes more fees” posted on June 05, 2018, “San Francisco fintech that cashes in home equity raises $40 million from global banks” on June 26, 2018, “BlackRock® Canada Announces Final June Cash Distributions for the iShares® Premium Money Market ETF” with a publish date: June 25, 2018, “Domo IPO: Very Undervalued, And BlackRock Is Among The Shareholders” and the last “Forget Penny Stocks: Your Money Is Better Off in These 3 Companies” with publication date: June 27, 2018.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

In total 8 analysts cover Blackrock Inc (NYSE:BLK). “Buy” rating has 5, “Sell” are 0, while 3 are “Hold”. (NYSE:BLK) has 63% bullish analysts. With $682 highest and $521.0 lowest price target, Blackrock Inc has $614 average price target or 18.87% above the current ($516.53) price. 14 are the (NYSE:BLK)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Friday, April 6 the rating was maintained by Deutsche Bank with “Buy”. On Thursday, April 5 the firm has “Buy” rating by Credit Suisse given. On Monday, January 15 Deutsche Bank maintained the shares of BLK in report with “Buy” rating. On Tuesday, January 16 the rating was maintained by Wells Fargo with “Hold”. On Tuesday, April 10 Keefe Bruyette & Woods maintained BlackRock, Inc. (NYSE:BLK) rating. Keefe Bruyette & Woods has “Hold” rating and $61400 target. On Wednesday, March 14 the firm has “Overweight” rating given by JP Morgan. On Tuesday, March 6 the stock has “Buy” rating by Deutsche Bank. The company rating was maintained by Jefferies on Wednesday, April 11. On Monday, June 18 the firm earned “Buy” rating by Citigroup. On Wednesday, January 10 the firm earned “Hold” rating by Jefferies.

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

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