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BlackRock and Blackstone reported strong earnings, adjusted dividends, yet Sawgrass reduced its BlackRock holdings.
Investment firm Sawgrass Asset Management LLC reduced its holdings of BlackRock, Inc. shares, while other firms also adjusted their positions.
BlackRock reported better-than-expected earnings and revenue for the quarter, with a boost in its quarterly dividend.
Similarly, Blackstone Inc. saw increased institutional investment and reported earnings above analyst estimates.
Blackstone also raised its quarterly dividend.
Both companies remain popular with institutional investors, though Blackstone received a "Hold" consensus rating.
2 months ago
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