Market News

Cyrus Capital Partners LP Trimmed Holding in Ally Finl (ALLY) by $59.32 Million; Blackrock (BLK) Holder Stonebridge Capital Advisors Has Decreased Its Stake by $423,738

Ally Financial Inc. (NYSE:ALLY) Logo

Stonebridge Capital Advisors Llc decreased its stake in Blackrock Inc (BLK) by 4.81% based on its latest 2017Q4 regulatory filing with the SEC. Stonebridge Capital Advisors Llc sold 826 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 16,352 shares of the finance company at the end of 2017Q4, valued at $8.40M, down from 17,178 at the end of the previous reported quarter. Stonebridge Capital Advisors Llc who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $82.45 billion market cap company. The stock decreased 1.66% or $8.63 during the last trading session, reaching $511.22. About 590,425 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.

Stephen C. Freidheim decreased its stake in Ally Finl Inc (ALLY) by 26.52% based on its latest 2017Q4 regulatory filing with the SEC. Cyrus Capital Partners Lp sold 2.05M shares as the company’s stock declined 10.36% with the market. The hedge fund run by Stephen C. Freidheim held 5.67M shares of the consumer services company at the end of 2017Q4, valued at $165.26M, down from 7.71 million at the end of the previous reported quarter. Cyrus Capital Partners Lp who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $12.16 billion market cap company. The stock increased 1.67% or $0.46 during the last trading session, reaching $28.06. About 4.16M shares traded or 37.24% up from the average. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since April 24, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on April, 26 before the open. They expect $0.66 EPS, up 37.50% or $0.18 from last year’s $0.48 per share. ALLY’s profit will be $286.06 million for 10.63 P/E if the $0.66 EPS becomes a reality. After $0.70 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Among 24 analysts covering Ally Financial (NYSE:ALLY), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. Ally Financial had 70 analyst reports since July 29, 2015 according to SRatingsIntel. Piper Jaffray maintained Ally Financial Inc. (NYSE:ALLY) on Thursday, October 26 with “Buy” rating. As per Thursday, June 22, the company rating was maintained by Keefe Bruyette & Woods. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Outperform” rating by BMO Capital Markets on Wednesday, September 16. The firm has “Buy” rating given on Thursday, April 12 by Oppenheimer. The firm has “Buy” rating by Wells Fargo given on Wednesday, January 31. The rating was maintained by Stephens on Tuesday, January 2 with “Sell”. The firm has “Hold” rating given on Friday, January 12 by J.P. Morgan. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, April 27. Barclays Capital maintained it with “Overweight” rating and $36 target in Tuesday, January 2 report.

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 $1.09 billion for 18.99 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. Keefe Bruyette & Woods maintained BlackRock, Inc. (NYSE:BLK) on Thursday, December 21 with “Hold” rating. UBS maintained it with “Buy” rating and $525 target in Thursday, October 12 report. Barclays Capital maintained BlackRock, Inc. (NYSE:BLK) on Wednesday, August 24 with “Equal-Weight” rating. The stock of BlackRock, Inc. (NYSE:BLK) has “Hold” rating given on Thursday, August 17 by Jefferies. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Tuesday, July 18 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 15 report. The stock has “Hold” rating by Jefferies on Wednesday, October 7. The firm earned “Hold” rating on Tuesday, January 16 by Wells Fargo. Barclays Capital maintained the shares of BLK in report on Thursday, October 13 with “Equal-Weight” rating. Deutsche Bank maintained the shares of BLK in report on Friday, January 8 with “Buy” rating.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

Leave a Reply

Your email address will not be published. Required fields are marked *