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

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 lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 1.1%. By the end of trading, BlackRock fell $6.36 (-2.2%) to $285.33 on heavy volume. Throughout the day, 1,167,339 shares of BlackRock exchanged hands as compared to its average daily volume of 723,900 shares. The stock ranged in price between $282.91-$298.14 after having opened the day at $291.71 as compared to the previous trading day's close of $291.69. Other companies within the Financial Services industry that declined today were: Virtus Investment Partners ( VRTS), down 6.0%, First Marblehead Corporation ( FMD), down 5.6%, Pzena Investment Management ( PZN), down 5.4% and Resource America Inc. CL A ( REXI), down 5.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $48.8 billion and is part of the financial sector. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 41.1% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 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, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Millennium India Acquisition Corporation ( SMCG), down 27.1%, SP Bancorp ( SPBC), down 4.9%, US Global Investors ( GROW), down 3.9% and Gleacher ( GLCH), down 3.0%.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

AllianceBernstein Top Managers Hired Away by Goldman Sachs, Fidelity

AllianceBernstein Top Managers Hired Away by Goldman Sachs, Fidelity

3 Top Asset Managers Just Lost About $300 Billion in a Week

3 Top Asset Managers Just Lost About $300 Billion in a Week

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

The S&P 500 Has Gone Parabolic, So Hurry Up and Buy These 22 Stocks

Bitcoin Today: BlackRock's Fink Weighs in From Davos, BoJ Examines Regulation

Bitcoin Today: BlackRock's Fink Weighs in From Davos, BoJ Examines Regulation

Blackrock CEO Larry Fink Just Served Up One Powerful Message: Panera Founder

Blackrock CEO Larry Fink Just Served Up One Powerful Message: Panera Founder