) pushed the Financial sector lower today making it today's featured Financial loser. The sector as a whole closed the day down 1.8%. By the end of trading, BlackRock Inc fell $11.99 (-7.1%) to $157.79 on average volume. Throughout the day, 1.3 million shares of BlackRock Inc exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $157.75-$166.92 after having opened the day at $166.51 as compared to the previous trading day's close of $169.78. Other company's within the Financial sector that declined today were:
), down 85.5%,
Hampton Roads Bankshares Inc
), down 26.2%,
), down 26.2%, and
), down 25.9%.
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock Inc has a market cap of $26.9 billion and is part of the
industry. The company has a P/E ratio of 13.1, above the average financial services industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 11.3% year to date as of the close of trading on Friday.
TheStreet Ratings rates BlackRock as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.
- You can view the full BlackRock Ratings Report.
On the positive front,
), up 45.3%,
), up 29.6%,
), up 12.6%, and
), up 12.5%, were all gainers within the financial sector with
) being today's featured financial sector winner.
- Use our financial section to find sector-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 sector could consider
) while those bearish on the financial sector could consider
- Find other investment ideas from our top rated ETFs lists.