First National Bank of Omaha increased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 33,127 shares of the asset manager’s stock after acquiring an additional 286 shares during the period. BlackRock accounts for about 1.0% of First National Bank of Omaha’s portfolio, making the stock its 16th largest position. First National Bank of Omaha’s holdings in BlackRock were worth $17,018,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BLK. Aperio Group LLC boosted its position in BlackRock by 8.6% in the third quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock valued at $30,732,000 after buying an additional 5,451 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in BlackRock in the third quarter valued at about $222,000. Berkshire Asset Management LLC PA boosted its position in BlackRock by 33.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 899 shares of the asset manager’s stock valued at $462,000 after buying an additional 223 shares in the last quarter. WFG Advisors LP boosted its position in BlackRock by 66.6% in the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock valued at $463,000 after buying an additional 438 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in BlackRock by 9.7% in the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock valued at $159,969,000 after buying an additional 31,600 shares in the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

BlackRock, Inc. (BLK) opened at $532.26 on Thursday. BlackRock, Inc. has a 12 month low of $368.00 and a 12 month high of $594.52. The firm has a market cap of $86,195.04, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.44 and a beta of 1.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89.

BlackRock (NYSE:BLK) last announced its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm posted $5.14 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis. sell-side analysts anticipate that BlackRock, Inc. will post 28.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be paid a $2.88 dividend. The ex-dividend date is Tuesday, March 6th. This is an increase from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.16%. BlackRock’s payout ratio is currently 33.00%.

BLK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $500.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Jefferies Group restated a “hold” rating and issued a $465.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a research report on Thursday, October 12th. JPMorgan Chase & Co. boosted their price target on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $475.00 target price (up from $450.00) on shares of BlackRock in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. BlackRock presently has a consensus rating of “Buy” and an average target price of $547.92.

In related news, insider Jeff A. Smith sold 100 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $477.54, for a total transaction of $47,754.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Wagner sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the sale, the director now directly owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,525 shares of company stock valued at $2,312,687. Insiders own 1.86% of the company’s stock.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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