Affiliated Managers Group Inc (AMG): Today's Featured Financial Services Laggard

Affiliated Managers Group ( AMG) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Affiliated Managers Group fell $1.80 (-1.1%) to $162.14 on heavy volume. Throughout the day, 672,083 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 358,700 shares. The stock ranged in price between $161.66-$163.75 after having opened the day at $163.47 as compared to the previous trading day's close of $163.94. Other companies within the Financial Services industry that declined today were: CIFC ( CIFC), down 5.0%, Palmetto ( PLMT), down 4.5%, Mesa Royalty ( MTR), down 3.9% and Consumer Portfolio Services ( CPSS), down 3.3%.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. Affiliated Managers Group has a market cap of $8.5 billion and is part of the financial sector. The company has a P/E ratio of 43.3, above the S&P 500 P/E ratio of 17.7. Shares are up 23.5% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Affiliated Managers Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Federal Agricultural Mortgage ( AGM.A), up 18.0%, JMP Group ( JMP), up 6.9%, CorEnergy Infrastructure ( CORR), up 6.8% and US Global Investors ( GROW), up 6.6% , were all gainers within the financial services industry with MasterCard Incorporated ( MA) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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