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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. NEW YORK ( TheStreet) -- BlackRock (NYSE: BLK) hit a new 52-week high Wednesday as it is currently trading at $242.97, above its previous 52-week high of $241.02 with 562,067 shares traded as of 2 p.m. ET. Average volume has been 751,500 shares over the past 30 days. BlackRock has a market cap of $41.78 billion and is part of the financial sector and financial services industry. Shares are up 15.8% 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 17.5, below the S&P 500 P/E ratio of 17.7.