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 up 0.3%. By the end of trading, T. Rowe Price Group fell $3.54 (-4.6%) to $72.75 on heavy volume. Throughout the day, 2,764,499 shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1,348,500 shares. The stock ranged in price between $71.55-$75.00 after having opened the day at $75.00 as compared to the previous trading day's close of $76.29. Other companies within the Financial Services industry that declined today were: China Ceramics ( CCCL), down 12.7%, Carlyle Group ( CG), down 4.7%, World Acceptance Corporation ( WRLD), down 4.6% and ProShares UltraShort DJ-UBS Commodity ( CMD), down 4.5%.
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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 $19.4 billion and is part of the financial sector. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7. Shares are up 17.2% year to date as of the close of trading on Tuesday.

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, expanding profit margins, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, FBR ( FBRC), down 11.6%, Atlanticus Holdings ( ATLC), down 6.2%, Global X Silver Miners ETF ( SIL), down 5.7% and First Marblehead Corporation ( FMD), down 5.2% , were all gainers within the financial services industry with CIT Group ( CIT) 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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