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Eaton Vance Corporation (EV): 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.

Eaton Vance Corporation (EV) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Eaton Vance Corporation fell $0.60 (-1.4%) to $41.11 on heavy volume. Throughout the day, 1,095,535 shares of Eaton Vance Corporation exchanged hands as compared to its average daily volume of 662,600 shares. The stock ranged in price between $41.04-$41.65 after having opened the day at $41.39 as compared to the previous trading day's close of $41.71. Other companies within the Financial Services industry that declined today were: Direxion Daily Gold Miners Bear 3X Shares (DUST), down 10.3%, ProShares UltraShort MSCI Mexico Cppd IMI (SMK), down 7.1%, QIWI PLC ADR (QIWI), down 5.9% and Direxion Daily Emerging Markets Bear 3X Sha (EDZ), down 5.4%.

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Eaton Vance Corporation has a market cap of $5.1 billion and is part of the financial sector. The company has a P/E ratio of 27.3, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Eaton Vance Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Eaton Vance Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, SWS Group (SWS), up 20.3%, SPDR Russell 1000 ETF (ONEK), up 13.1%, Direxion Daily Gold Miners Bull 3X Shares (NUGT), up 10.1% and Triangle Capital Corporation (TCAP), up 7.1% , were all gainers within the financial services industry with Franklin Resources (BEN) 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).

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

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