Affiliated Managers Group Inc (AMG): Today's Featured Financial Services Winner

Affiliated Managers Group (AMG) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.9%. By the end of trading, Affiliated Managers Group rose 75 cents (0.7%) to $104.84 on heavy volume. Throughout the day, 919,230 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 389,600 shares. The stock ranged in a price between $104.73-$107.35 after having opened the day at $105.67 as compared to the previous trading day's close of $104.09. Other companies within the Financial Services industry that increased today were: Siebert Financial Corporation (SIEB), up 9.1%, Security National Financial Corporation (SNFCA), up 7.5%, Legg Mason (LM), up 7.5%, and Ladenburg Thalman Financial Services (LTS), up 6%.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. Affiliated Managers Group has a market cap of $5.44 billion and is part of the financial sector. The company has a P/E ratio of 34.4, above the average financial services industry P/E ratio of 34.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Affiliated Managers Group a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

• You can view the full Affiliated Managers Group Ratings Report.

On the negative front, SGOCO Group (SGOC), down 18.7%, Medallion Financial (TAXI), down 12.3%, Pzena Investment Management (PZN), down 8.7%, and FirstCity Financial Corporation (FCFC), down 7.3%, were all losers within the financial services industry with Goldman Sachs Group (GS) being today's financial services industry loser.

• Use our financial services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

For more information on Affiliated Managers Group Inc click any of the following:

• Affiliated Managers Group Inc Stock Price

• Affiliated Managers Group Inc Analyst Ratings

• Affiliated Managers Group Inc Key Stats & Profile

• Affiliated Managers Group Inc Earnings

• Affiliated Managers Group Inc Ratio Comparison

• Affiliated Managers Group Inc Growth Rates

• Affiliated Managers Group Inc Balance Sheet

• Affiliated Managers Group Inc Cash Flow

• Affiliated Managers Group Inc Income Statement