Short Interest: Does Blackrock Incorporated (NYSE:BLK) Have Gas After Even More Sellers Involved?

November 25, 2016 - By Louis Casey   ·   0 Comments

Short Interest: Does Blackrock Incorporated (NYSE:BLK) Have Gas After Even More Sellers Involved?

The stock of Blackrock Incorporated (NYSE:BLK) registered an increase of 1.05% in short interest. BLK’s total short interest was 2.00M shares in November as published by FINRA. Its up 1.05% from 1.98 million shares, reported previously. With 840,300 shares average volume, it will take short sellers 2 days to cover their BLK’s short positions. The short interest to Blackrock Incorporated’s float is 1.34%. The stock closed at $372.99 during the last session. It is down 2.06% since April 22, 2016 and is uptrending. It has underperformed by 3.35% the S&P500.

BlackRock, Inc. is an investment management company. The company has a market cap of $60.44 billion. The Firm provides a range of investment and risk management services to institutional and retail clients across the world. It has a 19.6 P/E ratio. The Company’s offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.18, from 0.96 in 2016Q1. The ratio increased, as 66 funds sold all BlackRock, Inc. shares owned while 282 reduced positions. 55 funds bought stakes while 279 increased positions. They now own 129.74 million shares or 9.62% less from 143.56 million shares in 2016Q1.
Covington Invest Advisors has invested 1.52% of its portfolio in BlackRock, Inc. (NYSE:BLK). Qs Invsts Limited Liability Corporation holds 0.08% or 27,697 shares in its portfolio. Aberdeen Asset Mgmt Public Ltd Uk accumulated 0.11% or 90,819 shares. Asset Mgmt Incorporated holds 12,415 shares or 0.16% of its portfolio. Mngmt Of Virginia Limited Liability holds 7,284 shares or 0.64% of its portfolio. Aqr Cap Management Lc accumulated 0% or 865 shares. Amp Cap Investors Limited has 38,893 shares for 0.09% of their US portfolio. Catalyst Advsr Limited Liability reported 1,950 shares or 0.12% of all its holdings. Hudock Capital Grp Limited Liability Com, a Pennsylvania-based fund reported 29 shares. American National Bank & Trust last reported 45 shares in the company. Moreover, Community National Bank Na has 0.01% invested in BlackRock, Inc. (NYSE:BLK) for 93 shares. Enterprise Financial Ser Corporation owns 137 shares or 0.03% of their US portfolio. Pioneer Retail Bank N A Or has 9,115 shares for 1.89% of their US portfolio. Alexandria Capital Llc holds 32 shares or 0% of its portfolio. Moreover, Hgk Asset Mgmt Inc has 0.12% invested in BlackRock, Inc. (NYSE:BLK) for 2,335 shares.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Out of 13 analysts covering BlackRock (NYSE:BLK), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. BlackRock has been the topic of 54 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, October 13. As per Friday, October 2, the company rating was maintained by Argus Research. The stock of BlackRock, Inc. (NYSE:BLK) has “Equal-Weight” rating given on Wednesday, August 26 by Barclays Capital. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Thursday, June 16 by Deutsche Bank. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) rating on Friday, July 15. Deutsche Bank has “Buy” rating and $392 price target. Deutsche Bank maintained the shares of BLK in a report on Thursday, March 17 with “Buy” rating. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Citigroup on Thursday, April 14. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Thursday, October 15 by Argus Research. On Friday, July 15 the stock rating was downgraded by Keefe Bruyette & Woods to “Market Perform”. The rating was maintained by Wood with “Market Perform” on Friday, October 14.

BLK Company Profile

BlackRock, Inc., incorporated on February 13, 2006, is an investment management company. The Firm provides a range of investment and risk management services to institutional and retail clients across the world. The Company’s product offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. The Company’s products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Firm offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to a range of institutional investors.

More news for BlackRock, Inc. (NYSE:BLK) were recently published by: Businesswire.com, which released: “BlackRock Introduces Changes to LifePath Target Date Fund Series” on November 18, 2016. Wsj.com‘s article titled: “BlackRock Plans Move to Manhattan’s West Side” and published on November 08, 2016 is yet another important article.

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By Louis Casey

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