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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.4%. By the end of trading, BlackRock fell $3.69 (-1.3%) to $280.90 on light volume. Throughout the day, 477,999 shares of BlackRock exchanged hands as compared to its average daily volume of 837,900 shares. The stock ranged in price between $278.15-$283.14 after having opened the day at $282.26 as compared to the previous trading day's close of $284.59. Other companies within the Financial Services industry that declined today were: Xoom ( XOOM), down 6.9%, WisdomTree Investments ( WETF), down 5.4%, Noah Holdings ( NOAH), down 4.4% and Atlanticus Holdings ( ATLC), down 4.4%.

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 $48.2 billion and is part of the financial sector. Shares are up 37.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate BlackRock a buy, no analysts rate it a sell, and 7 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, impressive record of earnings per share growth, expanding profit margins and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Paulson Capital ( PLCC), up 19.1%, FXCM ( FXCM), up 7.7%, Global Cash Access Holdings ( GCA), up 6.9% and China Ceramics ( CCCL), up 4.4%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Facebook Set For Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook Set For Biggest Gain in Two Years After Q1 Earnings Top Forecasts

European Automakers Gain on Reports China Mulling Auto Tariff Reduction

European Automakers Gain on Reports China Mulling Auto Tariff Reduction

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts