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Affiliated Managers Group Inc (AMG): 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.

Affiliated Managers Group ( AMG) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Affiliated Managers Group fell $1.98 (-1.1%) to $186.65 on heavy volume. Throughout the day, 797,235 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 329,600 shares. The stock ranged in price between $185.61-$190.27 after having opened the day at $189.11 as compared to the previous trading day's close of $188.63. Other companies within the Financial Services industry that declined today were: iPath GBP/USD Exchange Rate ETN ( GBB), down 14.1%, Credit Suisse ( TVIX), down 12.7%, C-Tracks Citi Volatility Index TR ETN ( CVOL), down 12.1% and Barclays Short B Leveraged Inverse S&P 500 ( BXDB), down 9.7%.

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 $9.9 billion and is part of the financial sector. Shares are down 13.0% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Affiliated Managers Group a buy, no analysts rate it a sell, and none rate 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Cash Store Financial Services ( CSFS), up 12.4%, RCS Capital Corp Class A ( RCAP), up 9.5%, Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 9.1% and ProShares Ultra Nasdaq Biotechnology ( BIB), up 8.0% , were all gainers within the financial services industry with American Express ( AXP) 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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