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 Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.5%. By the end of trading, T. Rowe Price Group fell $3.98 (-5.0%) to $75.61 on heavy volume. Throughout the day, 3,695,844 shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1,316,200 shares. The stock ranged in price between $74.60-$76.99 after having opened the day at $74.60 as compared to the previous trading day's close of $79.59. Other companies within the Financial Services industry that declined today were:
), down 8.9%,
), down 4.0%,
), down 3.8% and
), down 3.3%.
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T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. T. Rowe Price Group has a market cap of $20.7 billion and is part of the financial sector. Shares are up 22.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate T. Rowe Price Group a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
T. Rowe Price Group
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full T. Rowe Price Group Ratings Report.
On the positive front,
), up 9.3%,
), up 4.5%,
), up 4.5% and
), up 3.4% , were all gainers within the financial services industry with
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
) while those bearish on the financial services industry could consider
- Find other investment ideas from our top rated ETFs lists.