T. Rowe Price Group (TROW): Today's Featured Financial Services 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 Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 1.4%. By the end of trading, T. Rowe Price Group fell $1.80 (-2.5%) to $70.11 on average volume. Throughout the day, 1.9 million shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $70.04-$72.61 after having opened the day at $72.52 as compared to the previous trading day's close of $71.91. Other companies within the Financial Services industry that declined today were: Gleacher ( GLCH), down 8.4%, Security National Financial Corporation ( SNFCA), down 6.8%, JMP Group ( JMP), down 6.7%, and Morgan Stanley ( MS), down 6.6%.
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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 $18.41 billion and is part of the financial sector. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Friday. Currently there are 11 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, notable return on equity, impressive record of earnings per share growth, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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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