13,965 Shares in BlackRock $BLK Bought by First National Bank of Omaha

First National Bank of Omaha bought a new position in shares of BlackRock (NYSE:BLKFree Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,965 shares of the asset manager’s stock, valued at approximately $16,281,000. BlackRock makes up 1.0% of First National Bank of Omaha’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds have also made changes to their positions in the company. Pacifica Partners Inc. raised its position in BlackRock by 450.0% during the third quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after acquiring an additional 18 shares during the last quarter. TruNorth Capital Management LLC grew its position in shares of BlackRock by 1,000.0% in the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 20 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of BlackRock during the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC increased its stake in shares of BlackRock by 107.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares in the last quarter. Finally, Creekmur Asset Management LLC raised its position in shares of BlackRock by 87.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Key BlackRock News

Here are the key news stories impacting BlackRock this week:

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $1,351.00 target price on shares of BlackRock in a report on Friday, January 16th. Barclays increased their price objective on BlackRock from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. BNP Paribas Exane lifted their price objective on BlackRock from $1,290.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. UBS Group set a $1,280.00 target price on shares of BlackRock in a research note on Friday, January 16th. Finally, Loop Capital set a $1,255.00 price target on shares of BlackRock in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and a consensus target price of $1,311.11.

Check Out Our Latest Analysis on BlackRock

Insider Activity at BlackRock

In other BlackRock news, Director Stephen Cohen sold 2,179 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,073.87, for a total transaction of $2,339,962.73. Following the completion of the sale, the director owned 6,543 shares of the company’s stock, valued at approximately $7,026,331.41. The trade was a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total value of $22,500,000.00. Following the sale, the director owned 61,894 shares of the company’s stock, valued at $69,630,750. This represents a 24.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,967 shares of company stock worth $122,487,380 in the last 90 days. Company insiders own 1.98% of the company’s stock.

BlackRock Stock Performance

NYSE BLK opened at $1,074.80 on Wednesday. The business’s 50-day moving average price is $1,093.81 and its 200 day moving average price is $1,105.31. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a market capitalization of $166.76 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.47.

BlackRock (NYSE:BLKGet Free Report) last posted its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating analysts’ consensus estimates of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the prior year, the company posted $11.93 EPS. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, research analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be paid a dividend of $5.73 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. BlackRock’s payout ratio is 58.84%.

BlackRock Profile

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

Further Reading

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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