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

BlackRock ( BLK) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.7%. By the end of trading, BlackRock rose $1.65 (1%) to $173.51 on light volume. Throughout the day, one million shares of BlackRock exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $171.96-$175.21 after having opened the day at $173.06 as compared to the previous trading day's close of $171.86. Other companies within the Financial Services industry that increased today were: Teucrium Agricultural Fund ( TAGS), up 12.9%, Credit Suisse ( DSLV), up 5.6%, Newtek Business Services ( NEWT), up 4.7%, and Investors Capital Holdings ( ICH), up 4%.

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 $30.75 billion and is part of the financial sector. The company has a P/E ratio of 13.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Monday. 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, CD International ( CDII), down 16.1%, Millennium India Acquisition Corporation ( SMCG), down 13.2%, Gleacher ( GLCH), down 5.9%, and Paulson Capital ( PLCC), down 5.6%, were all losers within the financial services industry with Discover Financial Services ( DFS) being today's financial services industry loser.

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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