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 0.8%. By the end of trading, BlackRock rose $4.92 (2.1%) to $241.07 on light volume. Throughout the day, 516,517 shares of BlackRock exchanged hands as compared to its average daily volume of 797,100 shares. The stock ranged in a price between $235.05-$241.63 after having opened the day at $236.03 as compared to the previous trading day's close of $236.15. Other companies within the Financial Services industry that increased today were: Gleacher ( GLCH), up 6.1%, Carlyle Group ( CG), up 3.6%, Greenhill ( GHL), up 3.6%, and Resource America Inc. CL A ( REXI), up 3.4%.
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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 $41.26 billion and is part of the financial sector. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate BlackRock a buy, no analysts rate 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 revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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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