Affiliated Managers Group Inc (AMG): Today's Featured Financial 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.
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Affiliated Managers Group fell $2.34 (-1.2%) to $185.29 on average volume. Throughout the day, 598,728 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 464,100 shares. The stock ranged in price between $184.28-$189.70 after having opened the day at $189.04 as compared to the previous trading day's close of $187.63. Other companies within the Financial sector that declined today were:
Desarrolladora Homex SAB de CV ADR
(
), down 11.2%,
(
), down 9.0%,
Village Bank and Trust Financial Corporatio
(
), down 8.3% and
(
), down 6.7%.
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 $10.1 billion and is part of the financial services industry. Shares are down 13.5% year to date as of the close of trading on Monday. 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
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Affiliated Managers Group Ratings Report.
On the positive front,
(
), up 9.4%,
(
), up 9.4%,
Royal Bancshares of Pennsylvania
(
), up 8.7% and
(
), up 8.2% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-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 sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
