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Raymond James Financial Inc (RJF): 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

Raymond James Financial ( RJF) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Raymond James Financial fell $3.78 (-8.5%) to $40.86 on heavy volume. Throughout the day, 4,237,222 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 706,700 shares. The stock ranged in price between $40.11-$42.74 after having opened the day at $41.00 as compared to the previous trading day's close of $44.64. Other companies within the Financial Services industry that declined today were: Atlanticus Holdings ( ATLC), down 7.3%, ViewPoint Financial Group ( VPFG), down 6.2%, Blackhawk Network Holdings ( HAWK), down 4.5% and Gleacher ( GLCH), down 4.0%.

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Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. Raymond James Financial has a market cap of $6.2 billion and is part of the financial sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Cash Store Financial Services ( CSFS), down 8.6%, KKR ( KKR), down 4.3%, Apollo Global Management ( APO), down 4.0% and Global X Silver Miners ETF ( SIL), down 3.8% , were all gainers within the financial services industry with Blackstone Group ( BX) being today's featured financial services industry leader.

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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