Twin Focus Capital Partners Has Cut Its Position in Blackrock (BLK) by $436,050; Brookside Capital Management Stake in E Trade Financial C (ETFC) Has Decreased by $11.67 Million

May 23, 2018 - By Marguerite Chambers

BlackRock, Inc. (NYSE:BLK) Logo

Twin Focus Capital Partners Llc decreased its stake in Blackrock Inc (BLK) by 36.76% based on its latest 2017Q4 regulatory filing with the SEC. Twin Focus Capital Partners Llc sold 850 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 1,462 shares of the finance company at the end of 2017Q4, valued at $751,000, down from 2,312 at the end of the previous reported quarter. Twin Focus Capital Partners Llc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $87.52 billion market cap company. The stock decreased 0.77% or $4.22 during the last trading session, reaching $542.66. About 374,238 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since May 23, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Bain Capital decreased its stake in E Trade Financial C (ETFC) by 43.27% based on its latest 2017Q4 regulatory filing with the SEC. Brookside Capital Management Llc sold 238,077 shares as the company’s stock rose 8.77% while stock markets declined. The hedge fund run by Bain Capital held 312,174 shares of the savings institutions company at the end of 2017Q4, valued at $15.47M, down from 550,251 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in E Trade Financial C for a number of months, seems to be less bullish one the $17.34 billion market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $65.7. About 2.32M shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has risen 61.16% since May 23, 2017 and is uptrending. It has outperformed by 49.61% the S&P500.

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. Argus Research maintained BlackRock, Inc. (NYSE:BLK) rating on Monday, January 18. Argus Research has “Buy” rating and $360 target. The firm has “Buy” rating given on Thursday, April 14 by Citigroup. As per Monday, July 11, the company rating was maintained by Jefferies. The stock of BlackRock, Inc. (NYSE:BLK) earned “Neutral” rating by Goldman Sachs on Wednesday, January 4. The company was maintained on Wednesday, October 7 by Jefferies. The stock has “Buy” rating by Deutsche Bank on Thursday, October 15. As per Friday, October 2, the company rating was upgraded by UBS. The firm has “Buy” rating given on Thursday, March 17 by Deutsche Bank. The stock has “Buy” rating by Credit Suisse on Thursday, April 5. The stock has “Hold” rating by Citigroup on Thursday, January 25.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on July, 16. They expect $6.71 earnings per share, up 28.05% or $1.47 from last year’s $5.24 per share. BLK’s profit will be $1.08B for 20.22 P/E if the $6.71 EPS becomes a reality. After $6.70 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 0.15% EPS growth.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Streetinsider.com which released: “US investors charge back into stock ETFs during latest week: ICI” on May 23, 2018, also Seekingalpha.com with their article: “BlackRock: Wait For A Better Price” published on May 22, 2018, Bizjournals.com published: “Wells Fargo’s ‘coolest exec’ leaves bank he helped shape in the online and mobile world” on May 22, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Seekingalpha.com and their article: “BlackRock partners with ETF investing app Acorns” published on May 09, 2018 as well as Globenewswire.com‘s news article titled: “BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs” with publication date: May 18, 2018.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.19, from 1.38 in 2017Q3. It dropped, 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. Bb&T Corporation, a North Carolina-based fund reported 4,284 shares. Cubist Systematic Strategies Ltd Liability Corporation invested 0.11% in BlackRock, Inc. (NYSE:BLK). Loeb Prns Corporation accumulated 1,500 shares. Homrich Berg accumulated 0.07% or 2,101 shares. Kentucky Retirement Ins Fund invested 0.28% in BlackRock, Inc. (NYSE:BLK). Ledyard Natl Bank has invested 0.07% in BlackRock, Inc. (NYSE:BLK). Denver Advsr Ltd Company holds 36,409 shares. First National Tru Co has invested 0.47% in BlackRock, Inc. (NYSE:BLK). Natl Asset Management Inc has 0.08% invested in BlackRock, Inc. (NYSE:BLK) for 1,148 shares. Buckhead Capital Lc invested 1.57% in BlackRock, Inc. (NYSE:BLK). Martingale Asset Mngmt Limited Partnership reported 0.01% stake. Arizona State Retirement Systems reported 35,476 shares or 0.18% of all its holdings. Mcrae Capital Management stated it has 400 shares. Clearbridge Invs Limited Liability Com has 0.88% invested in BlackRock, Inc. (NYSE:BLK) for 1.86 million shares. Conning stated it has 1.01% in BlackRock, Inc. (NYSE:BLK).

Brookside Capital Management Llc, which manages about $1.38B US Long portfolio, upped its stake in Nxp Semiconductors Nv (NASDAQ:NXPI) by 123,747 shares to 692,809 shares, valued at $81.12 million in 2017Q4, according to the filing. It also increased its holding in Proteostasis Therapeutics In by 460,326 shares in the quarter, for a total of 828,916 shares, and has risen its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Among 24 analysts covering E*TRADE (NASDAQ:ETFC), 22 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. E*TRADE had 103 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Outperform” on Friday, October 20. The rating was maintained by Keefe Bruyette & Woods on Wednesday, January 10 with “Hold”. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. On Thursday, October 13 the stock rating was maintained by Barclays Capital with “Overweight”. On Friday, July 24 the stock rating was maintained by Compass Point with “Buy”. Jefferies maintained it with “Hold” rating and $4300 target in Thursday, July 20 report. The rating was upgraded by SunTrust to “Buy” on Monday, July 24. The rating was upgraded by Bank of America on Monday, October 9 to “Buy”. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) has “Buy” rating given on Friday, January 26 by UBS. Deutsche Bank maintained E*TRADE Financial Corporation (NASDAQ:ETFC) on Friday, May 27 with “Buy” rating.

Since January 30, 2018, it had 0 insider purchases, and 6 insider sales for $12.52 million activity. Simonich Brent sold $407,040 worth of E*TRADE Financial Corporation (NASDAQ:ETFC) on Tuesday, March 6. Shares for $5.96M were sold by Roessner Karl A on Wednesday, February 7. 2,000 E*TRADE Financial Corporation (NASDAQ:ETFC) shares with value of $105,500 were sold by SCLAFANI JOSEPH L. Curcio Michael John had sold 34,158 shares worth $1.77M. Shares for $3.60M were sold by Pizzi Michael A. on Wednesday, February 7.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.14, from 1.1 in 2017Q3. It turned negative, as 37 investors sold ETFC shares while 161 reduced holdings. 67 funds opened positions while 124 raised stakes. 238.15 million shares or 3.07% less from 245.70 million shares in 2017Q3 were reported. Vanguard Group has invested 0.06% in E*TRADE Financial Corporation (NASDAQ:ETFC). Eqis Cap Mgmt reported 40,304 shares or 0.1% of all its holdings. Jacobs Levy Equity owns 453,661 shares or 0.4% of their US portfolio. Andra Ap holds 0.09% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 79,800 shares. Poplar Forest Cap Limited Liability stated it has 11,000 shares or 0.04% of all its holdings. Voya Mngmt Lc has invested 0.01% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Exane Derivatives holds 0.06% or 7,272 shares in its portfolio. Primecap Management Com Ca holds 0.48% in E*TRADE Financial Corporation (NASDAQ:ETFC) or 12.72M shares. Argent Capital Mgmt Llc reported 1.01 million shares stake. Arizona State Retirement System holds 0.1% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC) for 203,119 shares. Envestnet Asset Management stated it has 0% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Robeco Institutional Asset Management Bv reported 402,748 shares or 0.1% of all its holdings. Css Limited Liability Corp Il reported 13,737 shares. Avalon Advsrs Ltd reported 0.09% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Citadel holds 1.81 million shares.

E*TRADE Financial Corporation (NASDAQ:ETFC) Institutional Positions Chart

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