Clearbridge Investments LLC Increased Blackrock INC (BLK) Holding by $24.47 Million

May 17, 2018 - By Karen Cook

BlackRock, Inc. (NYSE:BLK) LogoInvestors sentiment decreased to 1.19 in 2017 Q4. Its down 0.19, from 1.38 in 2017Q3. It is negative, as 42 investors sold BLK shares while 325 reduced holdings. 122 funds opened positions while 313 raised stakes. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. Dean Inv Assoc Ltd Liability Com invested in 17,023 shares. Skylands Limited Liability Com reported 5,450 shares. Mastrapasqua Asset Mgmt reported 15,365 shares. Lau Llc accumulated 0.41% or 1,026 shares. Covenant Multifamily Offices Ltd Liability Co holds 2.19% or 6,492 shares in its portfolio. Boys Arnold And invested 0.05% in BlackRock, Inc. (NYSE:BLK). Beacon Mgmt holds 0% or 2 shares in its portfolio. Kj Harrison & Prtn Incorporated accumulated 2,400 shares. Ancora Advsr Ltd holds 0.26% or 9,542 shares in its portfolio. Highland Mgmt Ltd Partnership has 500 shares for 0.01% of their portfolio. North Star Mgmt stated it has 124 shares or 0.01% of all its holdings. Northeast Management has invested 2.18% of its portfolio in BlackRock, Inc. (NYSE:BLK). Finemark Comml Bank reported 0.92% stake. Cadence Financial Bank Na holds 0.08% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 405 shares. Cookson Peirce Inc holds 57,783 shares or 2.78% of its portfolio.

Clearbridge Investments Llc increased its stake in Blackrock Inc (BLK) by 2.64% based on its latest 2017Q4 regulatory filing with the SEC. Clearbridge Investments Llc bought 47,692 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 1.86M shares of the finance company at the end of 2017Q4, valued at $953.07M, up from 1.81 million at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $86.20B market cap company. The stock increased 0.11% or $0.6 during the last trading session, reaching $534.5. About 53,956 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since May 17, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Clearbridge Investments Llc, which manages about $108.23B US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 33,806 shares to 251,178 shares, valued at $74.08 million in 2017Q4, according to the filing. It also reduced its holding in Microchip Technology Inc (NASDAQ:MCHP) by 72,793 shares in the quarter, leaving it with 233,882 shares, and cut its stake in Freeport (NYSE:FCX).

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, also Seekingalpha.com with their article: “BlackRock partners with ETF investing app Acorns” published on May 09, 2018, Streetinsider.com published: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” on May 15, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Investorplace.com and their article: “Trade of the Day: BlackRock, Inc. Stock Is a Rock-Solid Bounce Candidate” published on May 07, 2018 as well as Globenewswire.com‘s news article titled: “BlackRock® Canada Announces April Cash Distributions for the iShares® ETFs” with publication date: April 18, 2018.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 8 analysts covering Blackrock Inc (NYSE:BLK), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Blackrock Inc had 14 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Tuesday, April 10 with “Hold”. The stock of BlackRock, Inc. (NYSE:BLK) earned “Hold” rating by Jefferies on Wednesday, January 10. The stock has “Outperform” rating by Credit Suisse on Friday, April 13. Keefe Bruyette & Woods maintained BlackRock, Inc. (NYSE:BLK) on Thursday, December 21 with “Hold” rating. The firm has “Buy” rating given on Tuesday, March 6 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Friday, April 6. As per Tuesday, January 16, the company rating was maintained by Wells Fargo. The firm has “Overweight” rating by JP Morgan given on Wednesday, March 14. The company was maintained on Thursday, April 5 by Credit Suisse. The rating was maintained by Jefferies with “Hold” on Wednesday, April 11.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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