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

BlackRock ( BLK) pushed the Financial Services industry lower today making it today's featured Financial Services loser. The industry as a whole closed the day down 0.2%. By the end of trading, BlackRock fell $1.48 (-0.8%) to $182.34 on average volume. Throughout the day, 618,487 shares of BlackRock exchanged hands as compared to its average daily volume of 673,700 shares. The stock ranged in price between $180.65-$183.49 after having opened the day at $182.49 as compared to the previous trading day's close of $183.82. Other company's within the Financial Services industry that declined today were: US Global Investors ( GROW), down 12.4%, SGOCO Group ( SGOC), down 8.3%, FX Alliance ( FX), down 7.7%, and Consumer Portfolio Services ( CPSS), down 5%.

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 $25.56 billion and is part of the financial sector. The company has a P/E ratio of 14.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Monday. Currently there are eight analysts that rate BlackRock a buy, one analyst rates it a sell, and five 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Rodman & Renshaw Capital Group ( RODM), up 7.1%, CD International ( CDII), up 6.5%, Gleacher ( GLCH), up 5.5%, and Apollo Global Management ( APO), up 5.3%, were all gainers within the financial services industry with NASDAQ OMX Group ( NDAQ) being today's featured financial services industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).
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