Junto Capital Management LP Has Cut Its Blackrock INC (BLK) Position by $18.31 Million

January 23, 2018 - By Richard Conner

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.10, from 1.28 in 2017Q2. It improved, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Jefferies Lc holds 0% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 661 shares. Winfield Assoc has invested 0.03% in BlackRock, Inc. (NYSE:BLK). Bailard Inc holds 12,052 shares. Aviance Cap Ptnrs Limited Liability reported 5,574 shares or 0.84% of all its holdings. Weaver C Barksdale And Assoc reported 3,950 shares. Los Angeles Cap Management And Equity Research invested in 43,416 shares or 0.11% of the stock. Nikko Asset Management Americas invested in 900 shares or 0.02% of the stock. Nippon Life Ins reported 0.04% stake. Bank & Trust Of Hawaii reported 3,449 shares or 0.13% of all its holdings. Community Retail Bank Na reported 76 shares. Kemper Corporation Master Retirement Tru holds 1.61% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 6,000 shares. Autus Asset Mngmt Lc reported 19,939 shares or 1.71% of all its holdings. Markston Ltd Llc reported 0.07% of its portfolio in BlackRock, Inc. (NYSE:BLK). Pillar Pacific Mngmt Limited Liability owns 17,314 shares or 1% of their US portfolio. 9,485 were accumulated by Garland Management.

Junto Capital Management Lp decreased its stake in Blackrock Inc (BLK) by 18.86% based on its latest 2017Q3 regulatory filing with the SEC. Junto Capital Management Lp sold 40,968 shares as the company’s stock rose 1.17% with the market. The institutional investor held 176,197 shares of the finance company at the end of 2017Q3, valued at $78.78M, down from 217,165 at the end of the previous reported quarter. Junto Capital Management Lp who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $95.75 billion market cap company. The stock increased 0.51% or $3 during the last trading session, reaching $593.26. About 843,573 shares traded or 73.16% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since January 23, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Junto Capital Management Lp, which manages about $738.27M and $1.22B US Long portfolio, upped its stake in Liberty Media Corp Delaware by 525,555 shares to 934,625 shares, valued at $35.60 million in 2017Q3, according to the filing. It also increased its holding in Morgan Stanley (NYSE:MS) by 180,200 shares in the quarter, for a total of 872,600 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Bizjournals.com which released: “This global investment firm ups stake in Kindred, Almost Family” on January 22, 2018, also Forbes.com with their article: “BlackRock CEO Tells Companies To Contribute To Society. Here’s Where To Start” published on January 16, 2018, Seekingalpha.com published: “BlackRock: Time To Take Some Profits” on January 16, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Investorplace.com and their article: “BlackRock, Inc. Earnings Results Sends Stock Higher” published on January 12, 2018 as well as Bloomberg.com‘s news article titled: “BlackRock Takes Aim at Sacred Cow to Bring Factors to the Masses” with publication date: January 16, 2018.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 18 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. BlackRock has $625.0 highest and $304 lowest target. $500.81’s average target is -15.58% below currents $593.26 stock price. BlackRock had 81 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Thursday, April 14. Credit Suisse upgraded the shares of BLK in report on Thursday, September 10 to “Outperform” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, April 5. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, September 15. Credit Suisse maintained it with “Buy” rating and $612.0 target in Thursday, October 12 report. Keefe Bruyette & Woods maintained the shares of BLK in report on Sunday, August 13 with “Hold” rating. The stock of BlackRock, Inc. (NYSE:BLK) earned “Outperform” rating by RBC Capital Markets on Thursday, January 21. The firm has “Market Perform” rating given on Friday, October 14 by Wood. On Wednesday, October 19 the stock rating was maintained by UBS with “Buy”. The firm earned “Hold” rating on Wednesday, October 7 by Jefferies.

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