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

T. Rowe Price Group ( TROW) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole was unchanged today. By the end of trading, T. Rowe Price Group fell 87 cents (-1.4%) to $60.78 on light volume. Throughout the day, 1.1 million shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $60.72-$61.65 after having opened the day at $61.42 as compared to the previous trading day's close of $61.65. Other companies within the Financial sector that declined today were: Monarch Community Bancorp ( MCBF), down 14.3%, Millennium India Acquisition Corporation ( SMCG), down 11.8%, CommonWealth REIT ( CWH), down 8.7%, and Peoples Financial Corporation ( PFBX), down 8.3%.

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 $15.4 billion and is part of the financial services industry. The company has a P/E ratio of 20.4, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Tuesday. Currently there are nine 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, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, Savannah Bancorp ( SAVB), up 62.7%, Royal Bancshares of Pennsylvania ( RBPAA), up 23.5%, Central Federal ( CFBK), up 22.5%, and Ohio Legacy Corporation ( OLCB), up 16.1%, were all gainers within the financial sector with Aon plc ( AON) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).
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