As Blackrock INC (BLK) Stock Rose, Commerce Bank Increased Stake

August 11, 2017 - By Kurt Siggers

Investors sentiment increased to 1.17 in Q4 2016. Its up 0.03, from 1.14 in 2016Q3. It improved, as 38 investors sold BLK shares while 294 reduced holdings. 86 funds opened positions while 303 raised stakes. 127.96 million shares or 1.27% less from 129.61 million shares in 2016Q3 were reported. Boulegeris Invests holds 0.14% in BlackRock, Inc. (NYSE:BLK) or 603 shares. The Vermont-based Prentiss Smith And Co Incorporated has invested 0.03% in BlackRock, Inc. (NYSE:BLK). London Company Of Virginia reported 2.51% in BlackRock, Inc. (NYSE:BLK). Tci Wealth Advisors holds 0.02% or 107 shares in its portfolio. Scotia Cap has 0.03% invested in BlackRock, Inc. (NYSE:BLK) for 5,225 shares. Dnb Asset Mgmt As reported 12,141 shares or 0% of all its holdings. Nbt National Bank & Trust N A New York holds 710 shares or 0.05% of its portfolio. The New York-based Manning Napier Advisors Lc has invested 1.38% in BlackRock, Inc. (NYSE:BLK). Jefferies Gru Ltd Company holds 15,777 shares or 0.03% of its portfolio. Williams Jones Associate Ltd Liability Company has 1,058 shares. Guggenheim Ltd Llc has 0.13% invested in BlackRock, Inc. (NYSE:BLK). Strategic Service holds 0.86% or 11,789 shares in its portfolio. Andra Ap has invested 0.12% in BlackRock, Inc. (NYSE:BLK). Kanaly Trust Com reported 38 shares or 0% of all its holdings. Cornerstone, Washington-based fund reported 484 shares.

Commerce Bank increased its stake in Blackrock Inc (BLK) by 377.27% based on its latest 2016Q4 regulatory filing with the SEC. Commerce Bank bought 41,526 shares as the company’s stock rose 1.17% with the market. The institutional investor held 52,533 shares of the finance company at the end of 2016Q4, valued at $19.99 million, up from 11,007 at the end of the previous reported quarter. Commerce Bank who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $68.13B market cap company. The stock rose 0.12% or $0.51 reaching $423.2 per share. About 551,900 shares traded or 7.45% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since August 11, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

Commerce Bank, which manages about $6.70B US Long portfolio, decreased its stake in Waste Mgmt Inc Del (NYSE:WM) by 148,916 shares to 574,177 shares, valued at $40.72M in 2016Q4, according to the filing. It also reduced its holding in Mohawk Inds Inc (NYSE:MHK) by 79,258 shares in the quarter, leaving it with 34,744 shares, and cut its stake in Allergan Plc.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “Between A BlackRock And A Hard Place” on July 14, 2017, also Globenewswire.com with their article: “Umicore – Transparency notification by BlackRock, Inc: Disposal of voting …” published on August 11, 2017, Seekingalpha.com published: “Sand In Shoes: Solid As A Rock (BlackRock)?” on July 14, 2017. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Businessinsider.com and their article: “BlackRock reports a massive influx of cash into its low-cost funds — but …” published on July 17, 2017 as well as Nasdaq.com‘s news article titled: “Chemung Canal Trust Co Buys BlackRock Inc, SPDR Series Trust S&P Biotech …” with publication date: July 18, 2017.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 15 analysts covering BlackRock (NYSE:BLK), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. BlackRock had 62 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of BlackRock, Inc. (NYSE:BLK) earned “Neutral” rating by Susquehanna on Thursday, September 3. Jefferies maintained BlackRock, Inc. (NYSE:BLK) on Wednesday, October 7 with “Hold” rating. The firm has “Hold” rating by Jefferies given on Thursday, April 13. The company was maintained on Tuesday, April 12 by Credit Suisse. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Wednesday, October 19 by UBS. The firm has “Buy” rating given on Thursday, April 14 by Citigroup. The rating was maintained by Credit Suisse with “Outperform” on Friday, August 11. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, August 24. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, January 4.

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