BlackRock Inc (BLK): Today's Featured Financial Loser - TheStreet

BlackRock

(

BLK

) pushed the Financial sector lower today making it today's featured Financial loser. The sector as a whole closed the day down 1.1%. By the end of trading, BlackRock fell $5.09 (-3%) to $166.91 on average volume. Throughout the day, 1.2 million shares of BlackRock exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $165.71-$169.52 after having opened the day at $169.11 as compared to the previous trading day's close of $172. Other company's within the Financial sector that declined today were:

Carver Bancorp

(

CARV

), down 14.8%,

Crescent Financial

(

CRFN

), down 13.8%,

Green Bankshares

(

GRNB

), down 13.3%, and

CMS Bancorp

(

CMSB

), down 12.2%.

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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 $30.69 billion and is part of the

financial services

industry. The company has a P/E ratio of 13.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate BlackRock a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates BlackRock as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

Ampal-American Israel Corporation

(

AMPL

), up 35.6%,

Central Federal

(

CFBK

), up 17.3%,

Gleacher

(

GLCH

), up 15.4%, and

United Security

(

USBI

), up 12.8%, were all gainers within the financial sector with

Essex Property

(

ESS

) being today's featured financial sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

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