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 lower today making it today's featured Financial Services laggard. The industry as a whole was unchanged today. By the end of trading, BlackRock fell $3.98 (-1.3%) to $303.62 on light volume. Throughout the day, 542,867 shares of BlackRock exchanged hands as compared to its average daily volume of 776,200 shares. The stock ranged in price between $302.79-$307.59 after having opened the day at $305.50 as compared to the previous trading day's close of $307.60. Other companies within the Financial Services industry that declined today were:
), down 7.3%,
), down 5.4%,
), down 4.2% and
), down 3.9%.
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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 $51.5 billion and is part of the financial sector. Shares are down 2.8% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate BlackRock a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, good cash flow from operations 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 positive front,
), up 7.5%,
), up 5.5%,
), up 5.2% and
), up 4.5% , were all gainers within the financial services industry with
) being today's featured financial services industry leader.
- 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.