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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 up 0.1%. By the end of trading, BlackRock rose $2.64 (1.4%) to $193.80 on average volume. Throughout the day, 721,566 shares of BlackRock exchanged hands as compared to its average daily volume of 723,600 shares. The stock ranged in a price between $190.30-$193.80 after having opened the day at $190.81 as compared to the previous trading day's close of $191.16. Other companies within the Financial Services industry that increased today were: SGOCO Group ( SGOC), up 16.7%, Dominion Resources Black Warrior ( DOM), up 6.5%, Security National Financial Corporation ( SNFCA), up 6.4%, and North European Oil Royalty ( NRT), up 5.4%.
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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 $32.62 billion and is part of the financial sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7.2% 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 six rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Ampal-American Israel Corporation ( AMPL), down 8.8%, Manhattan Bridge Capital ( LOAN), down 8%, Palmetto ( PLMT), down 5.5%, and First Marblehead Corporation ( FMD), down 5.2%, were all laggards within the financial services industry with Morgan Stanley ( MS) being today's financial services industry laggard.

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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