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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

T. Rowe Price Group ( TROW) 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, T. Rowe Price Group fell 87 cents (-1.4%) to $61.86 on light volume. Throughout the day, 573,625 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 $61.79-$62.98 after having opened the day at $62.96 as compared to the previous trading day's close of $62.73. Other companies within the Financial sector that declined today were: Broadway Financial ( BYFC), down 9.7%, Bank VA Chesterfield ( BOVA), down 8.9%, First United ( FUNC), down 7.9%, and Amrep Corporation ( AXR), down 7.7%.

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 $15.43 billion and is part of the financial services industry. The company has a P/E ratio of 20.8, above the average financial services industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.1% year to date as of the close of trading on Friday. Currently there are nine analysts that rate T. Rowe Price Group a buy, no analysts rate it a sell, and 10 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, increase in net income, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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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