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TheStreet Wire

BlackRock Inc (BLK): Today's Featured Financial Services Winner

By TheStreet Wire 08/07/12 - 05:00 PM EDT

Find out if (BLK) is in Cramer's Portfolio.

BlackRock (BLK) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.6%. By the end of trading, BlackRock rose $1.10 (0.6%) to $174.01 on light volume. Throughout the day, 746,349 shares of BlackRock exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $173.01-$174.63 after having opened the day at $173.74 as compared to the previous trading day's close of $172.91. Other companies within the Financial Services industry that increased today were: Direct Markets Holdings (MKTS), up 28.1%, CompuCredit Corporation (CCRT), up 9.4%, Jefferies Group (JEF), up 8%, and Chanticleer Holdings (HOTR), up 5.7%.

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BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $31.1 billion and is part of the financial sector. The company has a P/E ratio of 13.7, below the average financial services industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate BlackRock a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates BlackRock as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full BlackRock Ratings Report.

Use our financial services section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR (XLF) while those bearish on the financial services industry could consider Proshares Short Financials (SEF).

Find other investment ideas from our top rated ETFs lists.

For more information on BlackRock Inc click any of the following:

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