Appleton Partners Inc. MA Purchases 546 Shares of BlackRock, Inc. (BLK)

Elizabeth Williams
May 27, 2017

The company was upgraded on Monday, August 10 by Raymond James. Morgan Stanley reaffirmed a "buy" rating on shares of BlackRock in a report on Saturday, March 18th. As per Thursday, October 13, the company rating was maintained by Barclays Capital. (TSE:RCI.B) has "Outperform" rating given on Tuesday, October 18 by RBC Capital Markets. As per Tuesday, November 8, the company rating was downgraded by CLSA. As per Tuesday, December 1, the company rating was maintained by Argus Research. Jefferies maintained the stock with "Hold" rating in Monday, July 11 report.

Rnc Capital Management Llc increased Blackrock Inc (BLK) stake by 3.18% reported in 2016Q4 SEC filing. (NYSE:BLK). Boys Arnold & Comm Inc invested in 644 shares or 0.04% of the stock. The Cambridge Trust Company holds 38,117 shares with $14.50 million value, up from 37,252 last quarter.

More notable recent BlackRock, Inc. The stock declined 0.62% or $2.45 reaching $393.52 on the news. The asset manager reported $5.25 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $4.94 by $0.31. (NYSE:BLK) for 90,195 shares. It has underperformed by 4.51% the S&P500.The move comes after 8 months positive chart setup for the $65.86 billion company.

Intercontinental Exchange, Inc.is an operator of regulated exchanges, clearing houses and listings venues. The company has a market cap of $66.18 billion, a P/E ratio of 19.96 and a beta of 1.72. It has a 21.31 P/E ratio. About 967,824 shares traded or 79.35% up from the average.

About 642,813 shares traded. It has underperformed by 5.75% the S&P500. It is down 11.28% since May 24, 2016 and is uptrending. Its up 0.07, from 0.95 in 2016Q3. It increased, as 15 investors sold Knight Transportation shares while 60 reduced holdings. 99 funds opened positions while 335 raised stakes. Arrowgrass Cap Llp holds 1.16% of its portfolio in BlackRock, Inc. Covington Capital Management now owns 33,273 shares of the asset manager's stock worth $12,060,000 after buying an additional 500 shares during the last quarter. Wall Street Assoc has invested 0.8% in NeoPhotonics Corp (NYSE:NPTN). The stock rose 0.68% or $2.69 reaching $399 per share. Wealthtrust owns 538 shares for 0.02% of their portfolio. Northpointe Cap Limited Liability holds 1.42 million shares or 1.53% of its portfolio. Corp invested 0.03% of its portfolio in BlackRock, Inc. Holland Capital Mngmt Ltd Limited Liability Company has invested 1.98% in BlackRock, Inc. Glg Lc accumulated 6,985 shares.

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Among 7 analysts covering NeoPhotonics (NYSE:NPTN), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 57% are positive. News Corporation had 8 analyst reports since July 27, 2015 according to SRatingsIntel. UBS has "Buy" rating and $350 target. (NYSE:BLK) has "Buy" rating given on Thursday, October 15 by Argus Research. This "upgrade" of BlackRock is consistent with its more sanguine view on traditional asset managers, based on the potential for better active manager returns and better financial metrics resulting from better returns from non-US markets. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of BlackRock in a research note on Wednesday, March 8th. State of Alaska Department of Revenue bought a new stake in shares of BlackRock during the first quarter worth approximately $108,000. Keefe Bruyette & Woods has "Market Perform" rating and $383 target. As per Thursday, September 3, the company rating was maintained by Wood. The stock has "Buy" rating by Gabelli on Wednesday, September 16. (NYSE:BLK) has "Buy" rating given on Thursday, October 15 by Argus Research. As per Thursday, June 16, the company rating was maintained by Deutsche Bank. The firm earned "Buy" rating on Friday, August 5 by Deutsche Bank.

Investors sentiment increased to 1.17 in 2016 Q4. 553.24 million shares or 0.41% more from 550.99 million shares in 2016Q3 were reported. Covington Capital Management increased its position in shares of BlackRock by 1.5% in the third quarter. Cincinnati Ins Communication reported 374,800 shares. Citigroup Inc upped their price objective on shares of BlackRock from $425.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, January 25th.

BlackRock (NYSE:BLK) opened at 406.36 on Friday. Heritage Invsts Mngmt invested in 25,827 shares. Alliancebernstein LP holds 0% or 31,100 shares. Haverford Fincl Svcs owns 25,490 shares for 4.09% of their portfolio. Ashfield Prns stated it has 0.67% in BlackRock, Inc. (NYSE:BLK) were released by: Reuters.com and their article: "Glass Lewis says BlackRock CEO's pay, performance misaligned" published on May 10, 2017 as well as Reuters.com's news article titled: "BlackRock CEO Larry Fink says global growth accelerating" with publication date: May 25, 2017.

BlackRock, Inc. has a 52 week low of $317.60 and a 52 week high of $407.08. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Counselors Inc stated it has 0.37% in BlackRock, Inc. Cambridge Trust Company acquired 865 shares as Blackrock Inc (BLK)'s stock rose 1.17%. Globeflex Capital Limited Partnership accumulated 0.17% or 63,837 shares.

Etrade Capital Management Llc decreased Unitedhealth Group Inc (NYSE:UNH) stake by 2,433 shares to 40,860 valued at $6.54M in 2016Q4. It also reduced Hd Supply Hldgs Inc (NASDAQ:HDS) stake by 193,662 shares and now owns 24,108 shares. (NYSE:BLK). 26,286 are owned by Piedmont Advisors Limited Liability Corp.

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