Evercore Wealth Management Has Decreased Its Blackrock (BLK) Stake by $643,815; Denver Investment Advisors Has Increased Navient (NAVI) Holding

April 21, 2018 - By Darrin Black

BlackRock, Inc. (NYSE:BLK) Logo

Evercore Wealth Management Llc decreased its stake in Blackrock Inc (BLK) by 1.34% based on its latest 2017Q4 regulatory filing with the SEC. Evercore Wealth Management Llc sold 1,255 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 92,142 shares of the finance company at the end of 2017Q4, valued at $47.34M, down from 93,397 at the end of the previous reported quarter. Evercore Wealth Management Llc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $84.58B market cap company. The stock decreased 0.12% or $0.64 during the last trading session, reaching $524.42. About 639,351 shares traded or 1.51% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since April 21, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Denver Investment Advisors Llc increased its stake in Navient Corp (NAVI) by 62.86% based on its latest 2017Q4 regulatory filing with the SEC. Denver Investment Advisors Llc bought 59,012 shares as the company’s stock declined 4.49% with the market. The hedge fund held 152,887 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $2.04 million, up from 93,875 at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Navient Corp for a number of months, seems to be bullish on the $3.51B market cap company. The stock increased 0.38% or $0.05 during the last trading session, reaching $13.28. About 2.01 million shares traded. Navient Corporation (NASDAQ:NAVI) has declined 8.93% since April 21, 2017 and is downtrending. It has underperformed by 20.48% the S&P500.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on July, 16. They expect $6.73 EPS, up 28.44% or $1.49 from last year’s $5.24 per share. BLK’s profit will be $1.09B for 19.48 P/E if the $6.73 EPS becomes a reality. After $6.70 actual EPS reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 0.45% EPS growth.

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. The stock has “Buy” rating by Credit Suisse on Thursday, April 5. RBC Capital Markets maintained the shares of BLK in report on Thursday, October 15 with “Outperform” rating. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Friday, July 15 with “Buy” rating. Barclays Capital initiated it with “Overweight” rating and $475 target in Friday, September 8 report. The stock has “Buy” rating by Deutsche Bank on Tuesday, January 26. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Thursday, September 10 by Credit Suisse. The rating was maintained by Argus Research with “Buy” on Monday, January 18. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 9. The stock has “Buy” rating by Bank of America on Monday, June 19. Barclays Capital maintained it with “Equal-Weight” rating and $378 target in Thursday, October 13 report.

Investors sentiment decreased to 1.19 in Q4 2017. 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. Garland Capital Mngmt has 3.17% invested in BlackRock, Inc. (NYSE:BLK) for 9,410 shares. Fjarde Ap holds 34,551 shares or 0.27% of its portfolio. Rafferty Asset Management Ltd Com accumulated 0.25% or 28,309 shares. Cadence Ltd Liability Corp invested in 0.4% or 12,148 shares. Security Trust has 5,381 shares. Capital City Trust Company Fl holds 1.72% or 9,096 shares in its portfolio. Moreover, Earnest Ltd Liability has 0% invested in BlackRock, Inc. (NYSE:BLK) for 65 shares. Commerzbank Aktiengesellschaft Fi holds 0.05% or 7,213 shares. Vanguard Group reported 0.19% of its portfolio in BlackRock, Inc. (NYSE:BLK). Moreover, Alliancebernstein LP has 0.11% invested in BlackRock, Inc. (NYSE:BLK) for 291,652 shares. Credit Agricole S A holds 515 shares or 0.02% of its portfolio. Opus Cap Grp Ltd Company reported 0.16% in BlackRock, Inc. (NYSE:BLK). Jane Street Grp Ltd Liability Co reported 3,017 shares. Checchi Cap Advisers Limited holds 0.11% or 1,616 shares in its portfolio. Stratos Wealth Prtnrs Ltd has invested 0.03% of its portfolio in BlackRock, Inc. (NYSE:BLK).

Evercore Wealth Management Llc, which manages about $4.87B and $2.69B US Long portfolio, upped its stake in Core Laboratories N V (NYSE:CLB) by 18,069 shares to 250,906 shares, valued at $27.49 million in 2017Q4, according to the filing. It also increased its holding in Adobe Sys Inc (NASDAQ:ADBE) by 5,458 shares in the quarter, for a total of 209,110 shares, and has risen its stake in Aveo Pharmaceuticals Inc (NASDAQ:AVEO).

Among 16 analysts covering Navient Corporation (NASDAQ:NAVI), 8 have Buy rating, 2 Sell and 6 Hold. Therefore 50% are positive. Navient Corporation had 39 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained Navient Corporation (NASDAQ:NAVI) on Wednesday, January 10 with “Hold” rating. The firm has “Outperform” rating by Wood given on Monday, August 31. The company was maintained on Monday, October 16 by Jefferies. The stock of Navient Corporation (NASDAQ:NAVI) earned “Buy” rating by Compass Point on Tuesday, September 5. As per Thursday, July 21, the company rating was downgraded by Goldman Sachs. JP Morgan initiated it with “Overweight” rating and $15.0 target in Monday, November 30 report. The stock has “Hold” rating by BMO Capital Markets on Wednesday, August 23. The stock of Navient Corporation (NASDAQ:NAVI) earned “Hold” rating by Jefferies on Thursday, July 20. The rating was initiated by Oppenheimer with “Hold” on Monday, January 8. On Thursday, October 8 the stock rating was upgraded by Goldman Sachs to “Buy”.

Denver Investment Advisors Llc, which manages about $9.81B and $2.01 billion US Long portfolio, decreased its stake in Telus Corp (NYSE:TU) by 22,200 shares to 30,740 shares, valued at $1.16M in 2017Q4, according to the filing. It also reduced its holding in Sapiens International Corp (NASDAQ:SPNS) by 251,100 shares in the quarter, leaving it with 229,817 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Investors sentiment increased to 0.82 in 2017 Q4. Its up 0.18, from 0.64 in 2017Q3. It increased, as 45 investors sold NAVI shares while 128 reduced holdings. 56 funds opened positions while 86 raised stakes. 248.53 million shares or 3.80% more from 239.43 million shares in 2017Q3 were reported. Gamco Investors Et Al holds 119,500 shares. Tci Wealth Advsrs Incorporated invested in 179 shares. Kahn Brothers Group Inc De has invested 0.11% in Navient Corporation (NASDAQ:NAVI). Ameritas Inv Prtnrs has 6,427 shares. Glenmede Na holds 0% in Navient Corporation (NASDAQ:NAVI) or 815 shares. Landscape Capital Llc has invested 0.02% in Navient Corporation (NASDAQ:NAVI). Secor Capital Advsr LP owns 0.14% invested in Navient Corporation (NASDAQ:NAVI) for 261,610 shares. 135,796 were reported by Voya Inv Limited Liability Company. Northern Corp has invested 0.01% in Navient Corporation (NASDAQ:NAVI). Gsa Ptnrs Llp has invested 0.03% of its portfolio in Navient Corporation (NASDAQ:NAVI). Denver Advsr Ltd Liability Corp holds 0.1% in Navient Corporation (NASDAQ:NAVI) or 152,887 shares. Panagora Asset Mgmt Inc owns 0% invested in Navient Corporation (NASDAQ:NAVI) for 32,509 shares. Great West Life Assurance Commerce Can has invested 0.01% of its portfolio in Navient Corporation (NASDAQ:NAVI). Invesco Ltd holds 2.78M shares or 0.01% of its portfolio. Cibc Asset stated it has 0% in Navient Corporation (NASDAQ:NAVI).

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