Old Second National Bank Of Aurora buys $4,747,455 stake in BLACKROCK INC COM (BLK)

BLACKROCK INC COM (BLK) : Old Second National Bank Of Aurora scooped up 297 additional shares in BLACKROCK INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 12,990 shares of BLACKROCK INC COM which is valued at $4,747,455.BLACKROCK INC COM makes up approximately 2.24% of Old Second National Bank Of Aurora’s portfolio.

BLACKROCK INC COM opened for trading at $366 and hit $369.33 on the upside on Wednesday, eventually ending the session at $367.47, with a gain of 0.41% or 1.51 points. The heightened volatility saw the trading volume jump to 4,51,219 shares. Company has a market cap of $61,028 M.

Other Hedge Funds, Including , Capital One National Association reduced its stake in BLK by selling 121 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 6,197 shares of BLK which is valued at $2,264,818. BLACKROCK INC COM makes up approx 0.20% of Capital One National Association’s portfolio.Laurel Grove Capital reduced its stake in BLK by selling 300 shares or 17.65% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of BLK which is valued at $511,658. BLACKROCK INC COM makes up approx 0.29% of Laurel Grove Capital’s portfolio. Taylor Wealth Management Partners added BLK to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $71,548. BLACKROCK INC COM makes up approx 0.03% of Taylor Wealth Management Partners’s portfolio.

On the company’s financial health, BLACKROCK INC COM reported $4.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $4.30. The company had revenue of $2624.00 million for the quarter, compared to analysts expectations of $2737.66 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.89 EPS.

Many Wall Street Analysts have commented on BLACKROCK INC COM. BLACKROCK INC COM was Upgraded by Citigroup to ” Buy” on Apr 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 392 from a previous price target of $367 .Company shares were Reiterated by UBS on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 390 from a previous price target of $350 .

BlackRock Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities fixed income alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles including open-end and closed-end mutual funds iShares exchange-traded funds (ETFs) separate accounts collective investment funds and other pooled investment vehicles. The Company also offers its BlackRock Solutions investment and risk management technology platform Aladdin risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31 2014.

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