Invesco Ltd. (IVZ): Today's Featured Financial Services Laggard

Invesco ( IVZ) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Invesco fell $0.32 (-1.0%) to $31.75 on heavy volume. Throughout the day, 6,201,100 shares of Invesco exchanged hands as compared to its average daily volume of 4,008,100 shares. The stock ranged in price between $31.53-$32.26 after having opened the day at $32.11 as compared to the previous trading day's close of $32.07. Other companies within the Financial Services industry that declined today were: Xoom ( XOOM), down 5.7%, Marine Petroleum ( MARPS), down 5.5%, Paulson Capital ( PLCC), down 5.5% and Consumer Portfolio Services ( CPSS), down 3.9%.

Invesco Ltd. is a publicly owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for institutions. The firm manages separate client focused equity, fixed income, balanced portfolios. Invesco has a market cap of $13.9 billion and is part of the financial sector. Shares are up 20.1% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Invesco a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Millennium India Acquisition Corporation ( SMCG), up 12.0%, QIWI PLC ADR ( QIWI), up 10.7%, Palmetto ( PLMT), up 4.9% and Mesa Royalty ( MTR), up 4.9% , were all gainers within the financial services industry with Goldman Sachs Group ( GS) 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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