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 up 0.2%. By the end of trading, Waddell & Reed Financial fell $1.44 (-2.2%) to $63.97 on heavy volume. Throughout the day, 1,194,989 shares of Waddell & Reed Financial exchanged hands as compared to its average daily volume of 649,600 shares. The stock ranged in price between $63.70-$65.00 after having opened the day at $65.00 as compared to the previous trading day's close of $65.41. Other companies within the Financial Services industry that declined today were:
), down 12.3%,
), down 6.2%,
), down 6.1% and
), down 4.1%.
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Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Waddell & Reed Financial has a market cap of $5.5 billion and is part of the financial sector. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7. Shares are up 87.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Waddell & Reed Financial a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Waddell & Reed Financial
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. 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 Waddell & Reed Financial Ratings Report.
On the positive front,
), up 10.0%,
), up 7.8%,
), up 6.4% and
), up 6.0% , 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.
- 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 services industry could consider
) while those bearish on the financial services industry could consider
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