Global X Management Co Boosted Holding in Blackrock (BLK) by $491,454 as Shares Rose; Bbva Banco Frances (BFR) Share Value Declined While Inca Investments Has Lifted Stake by $9.02 Million

April 24, 2018 - By Michael Collier

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Global X Management Co Llc increased its stake in Blackrock Inc (BLK) by 105.62% based on its latest 2017Q4 regulatory filing with the SEC. Global X Management Co Llc bought 958 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 1,865 shares of the finance company at the end of 2017Q4, valued at $958,000, up from 907 at the end of the previous reported quarter. Global X Management Co Llc who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $83.95 billion market cap company. The stock increased 0.13% or $0.68 during the last trading session, reaching $520.53. About 116,027 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since April 24, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Inca Investments Llc increased its stake in Bbva Banco Frances (BFR) by 60.95% based on its latest 2017Q4 regulatory filing with the SEC. Inca Investments Llc bought 360,700 shares as the company’s stock declined 11.12% with the market. The institutional investor held 952,500 shares of the commercial banks company at the end of 2017Q4, valued at $24.00M, up from 591,800 at the end of the previous reported quarter. Inca Investments Llc who had been investing in Bbva Banco Frances for a number of months, seems to be bullish on the $4.59 billion market cap company. The stock increased 0.04% or $0.01 during the last trading session, reaching $22.76. About 109,373 shares traded. BBVA Banco Francés S.A. (NYSE:BFR) has risen 24.73% since April 24, 2017 and is uptrending. It has outperformed by 13.18% the S&P500.

Investors 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. Fil Limited reported 66,296 shares. Panagora Asset Mngmt holds 98,941 shares. 94 were accumulated by City Hldg Communications. Lodestar Investment Counsel Lc Il stated it has 1.67% of its portfolio in BlackRock, Inc. (NYSE:BLK). Profund Ltd Company holds 3,989 shares. Delta Asset Mngmt Lc Tn invested in 81 shares or 0.01% of the stock. Riverhead Cap Management Limited Company reported 0.05% in BlackRock, Inc. (NYSE:BLK). Haverford Trust Com holds 2.94% or 291,573 shares. Qs Limited Liability Corporation holds 2,377 shares. Exchange Capital Mngmt holds 2.08% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 11,295 shares. Copeland Cap Mgmt holds 0.35% or 10,667 shares in its portfolio. Adams Diversified Equity Fund Inc stated it has 41,400 shares or 1.14% of all its holdings. 1,140 were accumulated by Choate Invest Advsr. Winslow Evans Crocker Inc owns 180 shares. Peak6 Invs Limited Partnership reported 7,869 shares.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 89 analyst reports since August 26, 2015 according to SRatingsIntel. As per Thursday, September 10, the company rating was upgraded by Credit Suisse. Jefferies maintained BlackRock, Inc. (NYSE:BLK) on Wednesday, April 11 with “Hold” rating. The firm earned “Outperform” rating on Friday, August 11 by Credit Suisse. As per Tuesday, August 9, the company rating was maintained by Barclays Capital. Credit Suisse maintained BlackRock, Inc. (NYSE:BLK) rating on Thursday, October 12. Credit Suisse has “Buy” rating and $612.0 target. The firm earned “Outperform” rating on Tuesday, April 12 by Credit Suisse. RBC Capital Markets maintained BlackRock, Inc. (NYSE:BLK) on Thursday, January 21 with “Outperform” rating. The firm has “Buy” rating given on Thursday, October 15 by Deutsche Bank. On Wednesday, October 7 the stock rating was maintained by Jefferies with “Hold”. Keefe Bruyette & Woods downgraded it to “Market Perform” rating and $383 target in Friday, July 15 report.

Global X Management Co Llc, which manages about $3.30 billion and $4.38B US Long portfolio, decreased its stake in Eqt Corp (NYSE:EQT) by 312,680 shares to 6,803 shares, valued at $387,000 in 2017Q4, according to the filing. It also reduced its holding in Yandex N V (NASDAQ:YNDX) by 27,487 shares in the quarter, leaving it with 250,440 shares, and cut its stake in Ecopetrol S A (NYSE:EC).

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