First National Bank of Omaha Has $16.70 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

First National Bank of Omaha cut its holdings in BlackRock, Inc. (NYSE:BLK) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,592 shares of the asset manager’s stock after selling 392 shares during the quarter. BlackRock makes up 1.1% of First National Bank of Omaha’s holdings, making the stock its 13th biggest holding. First National Bank of Omaha’s holdings in BlackRock were worth $16,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLK. FSA Wealth Management LLC bought a new position in shares of BlackRock in the third quarter worth about $26,000. Fairscale Capital LLC acquired a new position in BlackRock during the 2nd quarter worth approximately $31,000. Reston Wealth Management LLC bought a new position in BlackRock in the 3rd quarter valued at approximately $37,000. MFA Wealth Advisors LLC boosted its position in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after buying an additional 20 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after buying an additional 22 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Down 0.2 %

Shares of NYSE BLK opened at $1,042.87 on Friday. BlackRock, Inc. has a 52-week low of $742.22 and a 52-week high of $1,068.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company’s 50 day moving average price is $1,004.44 and its 200-day moving average price is $896.26. The company has a market capitalization of $161.52 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the prior year, the firm posted $10.91 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts forecast that BlackRock, Inc. will post 43.18 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be issued a $5.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 1.96%. BlackRock’s payout ratio is currently 50.35%.

Insider Buying and Selling at BlackRock

In related news, General Counsel Christopher J. Meade sold 18,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $1,045.83, for a total value of $18,824,940.00. Following the completion of the sale, the general counsel now directly owns 8,628 shares of the company’s stock, valued at $9,023,421.24. The trade was a 67.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,190 shares of company stock valued at $113,161,681. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BLK has been the subject of a number of research reports. Morgan Stanley increased their price target on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their price target on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. TD Cowen boosted their price target on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Evercore ISI raised their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,019.62.

BlackRock Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.