Eaton Vance Corporation (EV): Today's Featured Financial Services Winner

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

Eaton Vance Corporation ( EV) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.5%. By the end of trading, Eaton Vance Corporation rose $0.62 (1.6%) to $40.50 on light volume. Throughout the day, 502,762 shares of Eaton Vance Corporation exchanged hands as compared to its average daily volume of 917,600 shares. The stock ranged in a price between $39.94-$40.56 after having opened the day at $40.00 as compared to the previous trading day's close of $39.88. Other companies within the Financial Services industry that increased today were: Noah Holdings ( NOAH), up 13.9%, Siebert Financial Corporation ( SIEB), up 8.0%, Oaktree Capital Group ( OAK), up 5.3% and GAIN Capital Holdings ( GCAP), up 5.1%.
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Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Eaton Vance Corporation has a market cap of $4.8 billion and is part of the financial sector. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7. Shares are up 25.2% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Eaton Vance Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Eaton Vance Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Investors Capital Holdings ( ICH), down 3.9%, Consumer Portfolio Services ( CPSS), down 3.9%, WisdomTree Global Real Return Fund ( RRF), down 3.2% and Gleacher ( GLCH), down 2.7% , were all laggards within the financial services industry with KKR ( KKR) being today's financial services industry laggard.

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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