BlackRock Inc (BLK): Today's Featured Financial Services Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) 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 $3.94 (1.5%) to $272.29 on average volume. Throughout the day, 1,073,406 shares of BlackRock exchanged hands as compared to its average daily volume of 835,200 shares. The stock ranged in a price between $268.15-$272.29 after having opened the day at $268.81 as compared to the previous trading day's close of $268.35. Other companies within the Financial Services industry that increased today were:
Millennium India Acquisition Corporation
(
), up 62.5%,
(
), up 7.4%,
(
), up 5.3% and
(
), up 3.6%.
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 $45.5 billion and is part of the financial sector. Shares are up 29.8% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
BlackRock
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full BlackRock Ratings Report.
On the negative front,
(
), down 5.9%,
(
), down 4.2%,
(
), down 3.8% and
(
), down 3.0% , were all laggards within the financial services industry with
(
) being today's financial services industry laggard.
- 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
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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