First National Bank Of Omaha Lowers stake in BlackRock (BLK)

BlackRock (BLK) : First National Bank Of Omaha reduced its stake in BlackRock by 9.64% during the most recent quarter end. The investment management company now holds a total of 30,260 shares of BlackRock which is valued at $10,647,586 after selling 3,227 shares in BlackRock , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.BlackRock makes up approximately 0.84% of First National Bank Of Omaha’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in BLK in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 18,412 shares of BlackRock which is valued at $6,478,630. BlackRock makes up approx 0.19% of Capstone Asset Management Co’s portfolio.E&g Advisors Lp reduced its stake in BLK by selling 50 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of BLK which is valued at $502,320. BlackRock makes up approx 0.30% of E&g Advisors Lp’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in BLK by selling 1,408 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 31,153 shares of BLK which is valued at $11,128,163. BlackRock makes up approx 0.23% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BLK by selling 23,760 shares or 50.74% in the most recent quarter. The Hedge Fund company now holds 23,069 shares of BLK which is valued at $8,264,239. BlackRock makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in BLK by selling 2,922 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 110,315 shares of BLK which is valued at $39,519,246. BlackRock makes up approx 0.22% of Chevy Chase Trust Holdings’s portfolio.

BlackRock closed down -6.93 points or -1.93% at $351.87 with 5,57,318 shares getting traded on Tuesday. Post opening the session at $357.26, the shares hit an intraday low of $350.39 and an intraday high of $357.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, BlackRock reported $4.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 14, 2016. Analyst had a consensus of $4.79. The company had revenue of $2804.00 million for the quarter, compared to analysts expectations of $2805.03 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.96 EPS.

Many Wall Street Analysts have commented on BlackRock. Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 414 from a previous price target of $404 .BlackRock was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 15, 2016.

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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