Daiwa Securities Group Inc. Sells 2463 Shares of BlackRock, Inc. (NYSE:BLK)

Daiwa Securities Group Inc. cut its stake in BlackRock, Inc. (NYSE:BLK) by 34.2% during the 2nd quarter, according to its most recent Form 13F filing …

BlackRock logoDaiwa Securities Group Inc. cut its stake in BlackRock, Inc. (NYSE:BLK) by 34.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,749 shares of the asset manager’s stock after selling 2,463 shares during the period. Daiwa Securities Group Inc.’s holdings in BlackRock were worth $2,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisory Alpha LLC bought a new stake in shares of BlackRock in the first quarter worth $26,000. Valley National Advisers Inc. boosted its holdings in BlackRock by 81.8% in the first quarter. Valley National Advisers Inc. now owns 60 shares of the asset manager’s stock worth $26,000 after purchasing an additional 27 shares during the period. SevenBridge Financial Group LLC acquired a new position in BlackRock in the second quarter worth $38,000. Harvest Group Wealth Management LLC acquired a new position in BlackRock in the first quarter worth $37,000. Finally, Rational Advisors LLC boosted its holdings in BlackRock by 260.0% in the first quarter. Rational Advisors LLC now owns 90 shares of the asset manager’s stock worth $38,000 after purchasing an additional 65 shares during the period. 81.77% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Citigroup boosted their price target on shares of BlackRock from $450.00 to $500.00 and gave the company a “buy” rating in a report on Monday, April 15th. UBS Group boosted their price target on shares of BlackRock from $515.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 8th. Wells Fargo & Co boosted their price target on shares of BlackRock from $460.00 to $480.00 and gave the company an “average” rating in a report on Wednesday, April 17th. Finally, Morgan Stanley boosted their price target on shares of BlackRock from $550.00 to $553.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and an average target price of $499.03.

BlackRock stock traded up $8.92 during midday trading on Tuesday, hitting $425.36. The company’s stock had a trading volume of 501,087 shares, compared to its average volume of 527,718. The business’s 50-day simple moving average is $464.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market capitalization of $65.75 billion, a P/E ratio of 15.80, a PEG ratio of 1.58 and a beta of 1.51. BlackRock, Inc. has a 12 month low of $360.79 and a 12 month high of $492.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, July 19th. The asset manager reported $6.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.52 by ($0.11). The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.57 billion. BlackRock had a net margin of 30.25% and a return on equity of 13.23%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.66 EPS. As a group, equities analysts predict that BlackRock, Inc. will post 27.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $13.20 dividend on an annualized basis and a yield of 3.10%. BlackRock’s payout ratio is currently 49.02%.

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.

Featured Article: How much can an individual set aside as a catch-up contribution?

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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Vantage Investment Partners Has Trimmed Bank Amer (BAC) Holding as Valuation Rose; Aqr …

Aqr Capital Management Llc decreased its stake in Blackrock Inc (BLK) by 58.27% based on its latest 2019Q1 regulatory filing with the SEC.

BlackRock, Inc. (NYSE:BLK) Logo

Aqr Capital Management Llc decreased its stake in Blackrock Inc (BLK) by 58.27% based on its latest 2019Q1 regulatory filing with the SEC. Aqr Capital Management Llc sold 40,418 shares as the company’s stock declined 2.39% . The hedge fund held 28,946 shares of the finance company at the end of 2019Q1, valued at $12.37M, down from 69,364 at the end of the previous reported quarter. Aqr Capital Management Llc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $66.30 billion market cap company. The stock increased 2.36% or $9.81 during the last trading session, reaching $426.25. About 139,546 shares traded. BlackRock, Inc. (NYSE:BLK) has declined 6.50% since August 13, 2018 and is downtrending. It has underperformed by 6.50% the S&P500. Some Historical BLK News: 18/05/2018 – BlackRock North American Income Trust Plc: Statement re Mandatory Closed Period Compliance with MAR; 19/03/2018 – REG-BlackRock Latin Am: Holding(s) in Company; 16/04/2018 – BlackRock CEO Larry Fink Is Now a Billionaire (Video); 24/04/2018 – BLACKROCK INVESTMENT MGMT HOLDS 0.48 SHORT POSITION BOSKALIS; 31/05/2018 – W RESOURCES – AS PART OF COMPLETION OF FUNDING, W HAS ISSUED 307.6 MLN WARRANTS ON PRO RATA BASIS TO EACH OF BLACKROCK FUNDS THAT PARTICIPATED IN FUNDING; 06/03/2018 – REG-BlackRock Emerging Europe: Net Asset Value(s); 20/03/2018 – Moody’s Assigns Provisional Ratings To Seven Classes Of Notes To Be Issued By Blackrock European Clo V Designated Activity Company; 03/04/2018 – BlackRock’s $1.3 Billion Gold Fund Feels Pain of Bullion Miners; 03/04/2018 – BlackRock Throgmorton Trust Plc: Total Voting Rights; 15/05/2018 – BLACKROCK CUTS AGEAS STAKE TO 4.8% INCL. INSTRUMENTS MAY 10

Vantage Investment Partners Llc decreased its stake in Bank Amer Corp (BAC) by 99.47% based on its latest 2019Q1 regulatory filing with the SEC. Vantage Investment Partners Llc sold 2.24M shares as the company’s stock rose 1.39% . The institutional investor held 11,856 shares of the major banks company at the end of 2019Q1, valued at $327,000, down from 2.25 million at the end of the previous reported quarter. Vantage Investment Partners Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $261.94 billion market cap company. The stock increased 1.81% or $0.5 during the last trading session, reaching $28.14. About 12.19 million shares traded. Bank of America Corporation (NYSE:BAC) has declined 2.01% since August 13, 2018 and is downtrending. It has underperformed by 2.01% the S&P500. Some Historical BAC News: 29/03/2018 – MOVES-Merrill Lynch hires former FINRA top cop Susan Axelrod; 11/05/2018 – Tenet to Participate in the Bank of America Merrill Lynch 2018 Healthcare Conference; 21/05/2018 – AMERICOLD REALTY TRUST COLD.N : BOFA MERRILL RAISES PRICE OBJECTIVE TO $23.50 FROM $21; 25/05/2018 – EIDOS THERAPEUTICS INC SAYS J.P. MORGAN, BOFA MERRILL LYNCH, BARCLAYS ARE AMONG UNDERWRITERS TO IPO; 04/05/2018 – Stryker Presenting at Bank of America Conference May 15; 05/04/2018 – NOTICE TO UPS EMPLOYEES WITH ACCOUNTS AT THE MERRILL LYNCH TAMPA, FLORIDA BRANCH OFFICE: Klayman & Toskes, P.A. Continues to; 12/04/2018 – GE Capital has “zero equity value,” according to Bank of America Merrill Lynch; 09/05/2018 – VISHAY INTERTECHNOLOGY INC VSH.N : BOFA MERRIL RAISES TO BUY FROM UNDERPERFORM – TRADERS; 16/05/2018 – US Physical Presenting at Bank of America Conference Tomorrow; 17/05/2018 – BANK OF AMERICA CORP – ANNOUNCED ISSUANCE OF ITS FOURTH AND LARGEST GREEN BOND FOR $2.25 BILLION IN AGGREGATE PRINCIPAL AMOUNT

Aqr Capital Management Llc, which manages about $94.26B US Long portfolio, upped its stake in Calix Inc (NYSE:CALX) by 496,493 shares to 538,688 shares, valued at $4.15 million in 2019Q1, according to the filing. It also increased its holding in Abraxas Pete Corp (NASDAQ:AXAS) by 655,408 shares in the quarter, for a total of 1.56 million shares, and has risen its stake in Universal Hlth Svcs Inc (NYSE:UHS).

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Globenewswire.com which released: “BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs – GlobeNewswire” on July 19, 2019, also Benzinga.com with their article: “BlackRock’s Fink Talks US Stocks, China – Benzinga” published on July 19, 2019, Livetradingnews.com published: “BlackRock, Inc. (NYSE:BLK) faces intense scrutiny when it reports its second-quarter earnings – Live Trading News” on July 18, 2019. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Benzinga.com and their article: “An ETF Industry Goliath Could Enter Cannabis ETF Competition – Benzinga” published on July 15, 2019 as well as Businesswire.com‘s news article titled: “BlackRock Raises $2 Billion for Global Credit Opportunities Fund – Business Wire” with publication date: July 31, 2019.

Investors sentiment increased to 1.38 in 2019 Q1. Its up 0.44, from 0.94 in 2018Q4. It increased, as 50 investors sold BLK shares while 280 reduced holdings. 104 funds opened positions while 351 raised stakes. 122.61 million shares or 6.52% less from 131.16 million shares in 2018Q4 were reported. 660 were reported by Guinness Asset Management Ltd. Argent owns 10,040 shares. Mengis Cap Mngmt Inc invested in 735 shares or 0.18% of the stock. Pictet Asset Mngmt has 82,132 shares for 0.08% of their portfolio. Welch & Forbes Ltd Liability has invested 0.01% in BlackRock, Inc. (NYSE:BLK). Oakbrook Invests Ltd Company holds 0.19% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 7,265 shares. Kdi Cap Ptnrs Ltd Liability Corporation holds 15,281 shares. Commerzbank Aktiengesellschaft Fi reported 38,875 shares. Comerica Bankshares has invested 0.1% in BlackRock, Inc. (NYSE:BLK). Jane Street Gru Lc has invested 0.02% in BlackRock, Inc. (NYSE:BLK). Amp Cap Limited reported 35,423 shares stake. State Of New Jersey Common Pension Fund D holds 97,000 shares or 0.16% of its portfolio. 29,315 are owned by Howard Cap Management. Moreover, Coldstream Cap Inc has 0.02% invested in BlackRock, Inc. (NYSE:BLK). 234 are held by Smithfield Trust.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on October, 15. They expect $7.09 earnings per share, down 5.72% or $0.43 from last year’s $7.52 per share. BLK’s profit will be $1.10B for 15.03 P/E if the $7.09 EPS becomes a reality. After $6.41 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 10.61% EPS growth.

Investors sentiment increased to 0.99 in Q1 2019. Its up 0.16, from 0.83 in 2018Q4. It increased, as 57 investors sold BAC shares while 577 reduced holdings. 154 funds opened positions while 474 raised stakes. 6.30 billion shares or 2.30% less from 6.44 billion shares in 2018Q4 were reported. Beach Investment Ltd Llc reported 1.52% stake. Envestnet Asset Mngmt Inc holds 2.57M shares or 0.1% of its portfolio. Marshall Wace Ltd Liability Partnership invested 0.08% of its portfolio in Bank of America Corporation (NYSE:BAC). Brighton Jones Limited invested in 49,357 shares. 202,528 were reported by Roanoke Asset Management Corp New York. Oppenheimer Asset Management has invested 0.41% in Bank of America Corporation (NYSE:BAC). Davis Selected Advisers stated it has 0.2% in Bank of America Corporation (NYSE:BAC). Locust Wood Cap Advisers Ltd Liability, New York-based fund reported 705,129 shares. Forte Capital Ltd Adv stated it has 0.25% of its portfolio in Bank of America Corporation (NYSE:BAC). Palladium Prns Ltd Liability has invested 1.03% of its portfolio in Bank of America Corporation (NYSE:BAC). Amundi Pioneer Asset Management Inc reported 19.27M shares. Abner Herrman And Brock Ltd Liability Corporation has 699,775 shares. 24,059 are held by Cubic Asset Management Ltd Liability. Pettyjohn Wood And White owns 134,489 shares for 1.21% of their portfolio. Bokf Na invested in 0.43% or 649,406 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “5 Top Stock Trades for Friday: IBM, HON, PM, MS, BAC – Investorplace.com” on July 18, 2019, also Fool.com with their article: “Berkshire Hathaway’s 2nd-Quarter Earnings Show Steady Growth and a Larger Stockpile of Cash – The Motley Fool” published on August 03, 2019, Seekingalpha.com published: “BofA reduces net interest income guidance – Seeking Alpha” on July 17, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: 247Wallst.com and their article: “What to Expect When Bank of America Reports Wednesday – 24/7 Wall St.” published on July 16, 2019 as well as Fool.com‘s news article titled: “A Recap of Second-Quarter Bank Earnings and More – Motley Fool” with publication date: August 04, 2019.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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FNY Investment Advisers LLC Boosts Holdings in BlackRock Income Trust (NYSE:BKT)

Advisor Group Inc. grew its stake in shares of BlackRock Income Trust by 339.4% in the 4th quarter. Advisor Group Inc. now owns 12,752 shares of the …

BlackRock Income Trust logoFNY Investment Advisers LLC increased its holdings in shares of BlackRock Income Trust (NYSE:BKT) by 54.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,710 shares of the company’s stock after purchasing an additional 12,900 shares during the period. FNY Investment Advisers LLC owned approximately 0.06% of BlackRock Income Trust worth $222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKT. Millennium Management LLC purchased a new stake in shares of BlackRock Income Trust in the 4th quarter worth approximately $62,000. Advisor Group Inc. grew its stake in shares of BlackRock Income Trust by 339.4% in the 4th quarter. Advisor Group Inc. now owns 12,752 shares of the company’s stock worth $72,000 after buying an additional 9,850 shares during the last quarter. Jupiter Wealth Management LLC purchased a new stake in shares of BlackRock Income Trust in the 1st quarter worth approximately $77,000. Citigroup Inc. grew its stake in shares of BlackRock Income Trust by 29.1% in the 4th quarter. Citigroup Inc. now owns 13,856 shares of the company’s stock worth $78,000 after buying an additional 3,125 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of BlackRock Income Trust in the 4th quarter worth approximately $93,000. 55.77% of the stock is owned by institutional investors and hedge funds.

BKT stock traded down $0.01 during midday trading on Friday, hitting $6.13. The company’s stock had a trading volume of 129,488 shares, compared to its average volume of 129,002. The business has a 50-day simple moving average of $6.04. BlackRock Income Trust has a 12 month low of $5.55 and a 12 month high of $6.16.

BlackRock Income Trust Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.

See Also: What is the quiet period?

Institutional Ownership by Quarter for BlackRock Income Trust (NYSE:BKT)

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BlackRock becomes Authentic Brands’ biggest shareholder with US$875-million stake

BlackRock Inc.’s new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up a US$875-million stake in …

BlackRock Inc.’s new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up a US$875-million stake in Authentic Brands Group LLC, making it the largest investor in the U.S.-based entertainment and branding company, the fund said on Sunday.

“The fund itself put US$625-million and we have another US$250-million that is coming from related entities and co-investors,” André Bourbonnais, head of BlackRock’s Long Term Private Capital, told Reuters.

In April, BlackRock said it was set to start investing its long-term private capital vehicle, which had US$2.75-billion in capital committed from cornerstone investors at the time.

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The deal announced on Sunday, which was first reported by the Wall Street Journal, values Authentic Brands Group at more than US$4-billion including debt, the Journal said, citing unnamed sources.

Authentic Brands Group’s holdings range from ownership of Sports Illustrated and Nine West to likeness and merchandising rights for celebrities from Elvis Presley and Marilyn Monroe to Shaquille O’Neal and Greg Norman.

LTPC sits inside BlackRock’s Alternative Investors segment, which oversees investment in real assets, private equity and private credit.

The rise of BlackRock, the world’s largest asset manager, has been fuelled by the explosive growth in exchange-traded funds and index funds as investors shift to cheaper funds that mimic stock and bond indexes. But as fund fees race to the bottom, BlackRock is looking at newer revenue sources.

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FNY Investment Advisers LLC Buys 12900 Shares of BlackRock Income Trust (NYSE:BKT)

Advisor Group Inc. lifted its position in BlackRock Income Trust by 339.4% in the 4th quarter. Advisor Group Inc. now owns 12,752 shares of the …

BlackRock Income Trust logoFNY Investment Advisers LLC boosted its position in BlackRock Income Trust (NYSE:BKT) by 54.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,710 shares of the company’s stock after buying an additional 12,900 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.06% of BlackRock Income Trust worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in BKT. Millennium Management LLC purchased a new stake in shares of BlackRock Income Trust in the 4th quarter worth approximately $62,000. Advisor Group Inc. lifted its position in BlackRock Income Trust by 339.4% in the 4th quarter. Advisor Group Inc. now owns 12,752 shares of the company’s stock valued at $72,000 after acquiring an additional 9,850 shares in the last quarter. Jupiter Wealth Management LLC bought a new position in BlackRock Income Trust in the 1st quarter valued at approximately $77,000. Citigroup Inc. lifted its position in BlackRock Income Trust by 29.1% in the 4th quarter. Citigroup Inc. now owns 13,856 shares of the company’s stock valued at $78,000 after acquiring an additional 3,125 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in BlackRock Income Trust in the 4th quarter valued at approximately $93,000. 55.77% of the stock is owned by institutional investors and hedge funds.

BKT stock traded down $0.01 during midday trading on Friday, hitting $6.13. The company’s stock had a trading volume of 129,488 shares, compared to its average volume of 129,002. The business has a 50-day simple moving average of $6.04. BlackRock Income Trust has a 12 month low of $5.55 and a 12 month high of $6.16.

About BlackRock Income Trust

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.

Read More: What is Compound Annual Growth Rate (CAGR)?

Institutional Ownership by Quarter for BlackRock Income Trust (NYSE:BKT)

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