T. Rowe Price Group (TROW): Today's Featured Financial Services Laggard

T. Rowe Price Group ( TROW) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, T. Rowe Price Group fell $1.71 (-2.8%) to $58.97 on average volume. Throughout the day, 2.2 million shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $58.84-$59.74 after having opened the day at $59.05 as compared to the previous trading day's close of $60.68. Other company's within the Financial Services industry that declined today were: Noah Holdings ( NOAH), down 4.5%, Credit Suisse ( DSLV), down 4.2%, INTL FCStone ( INTL), down 3.6%, and Federal Agricultural Mortgage ( AGM.A), down 3.4%.

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 $15.68 billion and is part of the financial sector. The company has a P/E ratio of 20.7, below the average financial services industry P/E ratio of 20.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Tuesday. Currently there are eight 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 as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Penson Worldwide ( PNSN), up 8.8%, Duff & Phelps Corporation Class A ( DUF), up 7.5%, MarketAxess Holdings ( MKTX), up 6.1%, and Gleacher ( GLCH), up 5.7%, were all gainers within the financial services industry with Goldman Sachs Group ( GS) 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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