NEW YORK (
) is trading at unusually high volume Wednesday with 17.9 million shares changing hands. It is currently at 25.8 times its average daily volume and trading up $3.61 (+2.2%) at $166.98 as of 3:50 p.m. ET.
BlackRock has a market cap of $30.12 billion and is part of the
industry. Shares are down 5.9% year to date as of the close of trading on Tuesday.
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. The company has a P/E ratio of 13.3, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates BlackRock as a
. 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. You can view the full
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