Stillwater Capital Advisors Stake in Blackrock (BLK) Has Cut by $3.61 Million; Three Corner Global Investors LP Stake In Envestnet (ENV) Was Has Increased

February 24, 2018 - By Peter Erickson

Three Corner Global Investors Lp increased its stake in Envestnet Inc (ENV) by 4.75% based on its latest 2017Q3 regulatory filing with the SEC. Three Corner Global Investors Lp bought 22,700 shares as the company’s stock declined 8.49% while stock markets rallied. The hedge fund held 500,300 shares of the miscellaneous company at the end of 2017Q3, valued at $25.52 million, up from 477,600 at the end of the previous reported quarter. Three Corner Global Investors Lp who had been investing in Envestnet Inc for a number of months, seems to be bullish on the $2.53 billion market cap company. The stock increased 2.70% or $1.5 during the last trading session, reaching $57.1. About 711,566 shares traded or 194.51% up from the average. Envestnet, Inc. (NYSE:ENV) has risen 12.71% since February 24, 2017 and is uptrending. It has underperformed by 3.99% the S&P500.

Stillwater Capital Advisors Llc decreased its stake in Blackrock Inc (BLK) by 25.04% based on its latest 2017Q3 regulatory filing with the SEC. Stillwater Capital Advisors Llc sold 8,083 shares as the company’s stock rose 1.17% with the market. The institutional investor held 24,201 shares of the finance company at the end of 2017Q3, valued at $10.82M, down from 32,284 at the end of the previous reported quarter. Stillwater Capital Advisors Llc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $88.73B market cap company. The stock increased 1.89% or $10.22 during the last trading session, reaching $549.75. About 366,653 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since February 24, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on April, 18. They expect $6.47 earnings per share, up 23.24% or $1.22 from last year’s $5.25 per share. BLK’s profit will be $1.04B for 21.24 P/E if the $6.47 EPS becomes a reality. After $6.24 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 3.69% EPS growth.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 82 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of BlackRock, Inc. (NYSE:BLK) earned “Hold” rating by Wells Fargo on Tuesday, January 16. The firm earned “Buy” rating on Thursday, October 15 by Argus Research. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, October 5. The stock of BlackRock, Inc. (NYSE:BLK) earned “Hold” rating by Jefferies on Thursday, April 13. The firm has “Buy” rating by Gabelli given on Wednesday, September 16. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, January 4. Jefferies maintained BlackRock, Inc. (NYSE:BLK) on Wednesday, January 10 with “Hold” rating. The rating was maintained by Barclays Capital on Tuesday, April 5 with “Equal-Weight”. Credit Suisse maintained the shares of BLK in report on Friday, August 11 with “Outperform” rating. The company was maintained on Monday, January 15 by Deutsche Bank.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.10, from 1.28 in 2017Q2. It increased, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Fisher Asset Mngmt Ltd Limited Liability Company holds 110,518 shares or 0.07% of its portfolio. Manning And Napier Advisors Limited Liability Company accumulated 0.94% or 246,627 shares. Mufg Americas Holding Corporation owns 17,154 shares for 0.24% of their portfolio. Hermes Invest holds 2,186 shares. Culbertson A N And accumulated 0.19% or 1,380 shares. Cibc Asset invested in 0.05% or 17,321 shares. Fiduciary holds 0.03% in BlackRock, Inc. (NYSE:BLK) or 2,327 shares. State Treasurer State Of Michigan reported 37,580 shares. Markel Corp has 1.6% invested in BlackRock, Inc. (NYSE:BLK). Federated Invsts Pa has invested 0.54% in BlackRock, Inc. (NYSE:BLK). Duff & Phelps Investment Management has invested 0.01% in BlackRock, Inc. (NYSE:BLK). Davis Ptnrs Limited Liability Company has invested 10.84% in BlackRock, Inc. (NYSE:BLK). Badgley Phelps Bell reported 0.04% in BlackRock, Inc. (NYSE:BLK). State Street Corporation has invested 0.21% in BlackRock, Inc. (NYSE:BLK). Dorsey & Whitney Trust Co Limited Liability Co reported 1,631 shares stake.

Stillwater Capital Advisors Llc, which manages about $603.89M and $386.00M US Long portfolio, upped its stake in Ishares Russell 1000 Growth Et (IWF) by 4,953 shares to 29,515 shares, valued at $3.69M in 2017Q3, according to the filing. It also increased its holding in Select Sector Spdr Healthcare (XLV) by 6,617 shares in the quarter, for a total of 63,209 shares, and has risen its stake in Select Sector Spdr Tr Technolo (XLK).

Investors sentiment increased to 2.26 in Q3 2017. Its up 0.81, from 1.45 in 2017Q2. It is positive, as 9 investors sold ENV shares while 30 reduced holdings. 37 funds opened positions while 51 raised stakes. 40.29 million shares or 0.21% less from 40.38 million shares in 2017Q2 were reported. Waddell And Reed Fin holds 0.01% or 114,410 shares. Fmr holds 0.01% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 1.12M shares. Morgan Stanley has invested 0% in Envestnet, Inc. (NYSE:ENV). First Mercantile holds 0.1% or 11,161 shares. Employees Retirement Sys Of Texas stated it has 0.02% of its portfolio in Envestnet, Inc. (NYSE:ENV). Moreover, Strs Ohio has 0% invested in Envestnet, Inc. (NYSE:ENV) for 700 shares. Advisory Inc reported 0.03% in Envestnet, Inc. (NYSE:ENV). Front Barnett Associates Ltd Liability invested in 8,008 shares or 0.07% of the stock. Nationwide Fund Advsr holds 397,559 shares. Invesco Limited reported 57,618 shares stake. Ameritas Inc owns 3,782 shares. Thrivent Financial For Lutherans reported 0.05% in Envestnet, Inc. (NYSE:ENV). 49,113 were accumulated by Century Inc. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Envestnet, Inc. (NYSE:ENV). Raymond James & Associate has 19,209 shares for 0% of their portfolio.

Since August 30, 2017, it had 0 insider buys, and 19 selling transactions for $6.03 million activity. Another trade for 9,308 shares valued at $465,772 was made by Grinis Scott D on Thursday, September 28. D’Arrigo Peter sold $1.49 million worth of stock or 29,780 shares. On Friday, October 27 the insider O’Brien Shelly sold $160,440. The insider Majoros Matthew sold 500 shares worth $21,350. CROWELL GAYLE A also sold $33,160 worth of Envestnet, Inc. (NYSE:ENV) on Friday, September 1. 2,000 shares were sold by Mayer Joshua, worth $99,500.

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