Campbell Newman Asset Management raised its position in shares of BlackRock, Inc. (NYSE:BLK) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The hedge fund owned 25,793 shares of the company’s stock after buying an additional 55 shares during the period. BlackRock accounts for approximately 1.9% of Campbell Newman Asset Management’s portfolio, making the stock its 27th largest position. Campbell Newman Asset Management’s holdings in BlackRock were worth $8,783,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BLK. Park National acquired a new position in BlackRock during the fourth quarter worth about $351,000. Osborn Rohs Williams & Donohoe increased its position in BlackRock by 1.3% in the fourth quarter. Osborn Rohs Williams & Donohoe now owns 21,655 shares of the company’s stock worth $7,374,000 after buying an additional 284 shares in the last quarter. J. W. Burns & Company increased its position in BlackRock by 0.5% in the fourth quarter. J. W. Burns & Company now owns 1,106 shares of the company’s stock worth $377,000 after buying an additional 6 shares in the last quarter. TrimTabs Asset Management acquired a new position in BlackRock during the third quarter worth about $2,207,000. Finally, Private Asset Management boosted its stake in BlackRock by 14.3% in the fourth quarter. Private Asset Management now owns 3,595 shares of the company’s stock worth $1,224,000 after buying an additional 450 shares during the last quarter.

Shares of BlackRock, Inc. (NYSE:BLK) traded up 0.11% on Wednesday, hitting $299.59. 95,266 shares of the company traded hands. The company has a market capitalization of $49.61 billion and a PE ratio of 15.14. BlackRock, Inc. has a 12 month low of $275.00 and a 12 month high of $382.84. The stock’s 50-day moving average price is $321.65 and its 200-day moving average price is $328.05.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 15th. The company reported $4.75 earnings per share for the quarter, missing analysts’ consensus estimates of $4.80 by $0.05. The company had revenue of $2.86 billion for the quarter. During the same period in the previous year, the company earned $4.82 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts predict that BlackRock, Inc. will post $19.40 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 23rd. Investors of record on Monday, March 7th will be issued a $2.29 dividend. This represents a $9.16 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, March 3rd. This is an increase from BlackRock’s previous quarterly dividend of $2.18.

A number of equities research analysts recently commented on the stock. Citigroup Inc. decreased their target price on shares of BlackRock from $330.00 to $305.00 and set a “neutral” rating for the company in a research report on Tuesday, January 19th. Deutsche Bank decreased their target price on shares of BlackRock from $369.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, January 19th. RBC Capital decreased their target price on shares of BlackRock from $384.00 to $367.00 and set an “outperform” rating for the company in a research report on Thursday, January 21st. Vetr cut shares of BlackRock from a “buy” rating to a “hold” rating and set a $365.10 target price for the company. in a research report on Monday, November 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of BlackRock from $385.00 to $371.00 in a research report on Thursday, January 14th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $364.12.

In related news, CEO Laurence Fink sold 42,800 shares of BlackRock stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $357.56, for a total value of $15,303,568.00. Following the completion of the transaction, the chief executive officer now owns 1,204,130 shares in the company, valued at $430,548,722.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 (NYSE:BLK), 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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