First National Bank of Omaha decreased its position in shares of BlackRock Inc. (NYSE:BLK) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,260 shares of the company’s stock after selling 3,227 shares during the period. First National Bank of Omaha’s holdings in BlackRock were worth $10,968,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Feltz Wealth PLAN Inc. bought a new stake in BlackRock during the second quarter worth about $126,000. Mycio Wealth Partners LLC raised its stake in BlackRock by 3.3% in the second quarter. Mycio Wealth Partners LLC now owns 379 shares of the company’s stock worth $130,000 after buying an additional 12 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in BlackRock by 0.3% in the second quarter. Ropes Wealth Advisors LLC now owns 388 shares of the company’s stock worth $133,000 after buying an additional 1 shares during the last quarter. Financial Architects Inc raised its stake in BlackRock by 7.8% in the second quarter. Financial Architects Inc now owns 431 shares of the company’s stock worth $148,000 after buying an additional 31 shares during the last quarter. Finally, Jolley Asset Management LLC raised its stake in BlackRock by 51.6% in the second quarter. Jolley Asset Management LLC now owns 485 shares of the company’s stock worth $166,000 after buying an additional 165 shares during the last quarter. Institutional investors own 80.85% of the company’s stock.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

BlackRock Inc. (NYSE:BLK) traded up 0.18% during trading on Friday, hitting $373.67. The stock had a trading volume of 227,062 shares. The firm has a market cap of $61.23 billion, a PE ratio of 19.63 and a beta of 1.65. The company’s 50 day moving average is $356.23 and its 200 day moving average is $358.33. BlackRock Inc. has a 52-week low of $280.55 and a 52-week high of $380.30.

BlackRock (NYSE:BLK) last posted its earnings results on Tuesday, October 18th. The company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.16. The company earned $2.84 billion during the quarter, compared to analyst estimates of $1.01 billion. BlackRock had a return on equity of 11.04% and a net margin of 28.59%. BlackRock’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.00 earnings per share. Equities research analysts forecast that BlackRock Inc. will post $19.25 earnings per share for the current year.

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A number of analysts recently issued reports on BLK shares. Vetr upgraded BlackRock from a “hold” rating to a “buy” rating and set a $382.97 price objective on the stock in a research note on Wednesday, August 10th. Citigroup Inc. reiterated a “buy” rating and set a $400.00 price objective on shares of BlackRock in a research note on Monday, October 10th. Deutsche Bank AG upped their target price on BlackRock from $412.00 to $418.00 and gave the stock a “buy” rating in a research note on Wednesday, October 5th. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $410.00 target price on the stock in a research note on Monday, September 19th. Finally, Goldman Sachs Group Inc. lowered BlackRock from a “conviction-buy” rating to a “buy” rating and upped their target price for the stock from $390.00 to $400.00 in a research note on Monday, August 8th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $387.80.

In other BlackRock news, insider Jeff A. Smith sold 125 shares of the company’s stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $355.22, for a total transaction of $44,402.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William S. Demchak bought 1,200 shares of the stock in a transaction on Thursday, October 27th. The shares were bought at an average price of $341.11 per share, with a total value of $409,332.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at $409,332. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

BlackRock Company Profile

BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

5 Day Chart for NYSE:BLK

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