Waddell & Reed Financial Inc. (WDR): Today's Featured Financial Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Waddell & Reed Financial ( WDR) 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, Waddell & Reed Financial fell $1.44 (-2.2%) to $63.97 on heavy volume. Throughout the day, 1,194,989 shares of Waddell & Reed Financial exchanged hands as compared to its average daily volume of 649,600 shares. The stock ranged in price between $63.70-$65.00 after having opened the day at $65.00 as compared to the previous trading day's close of $65.41. Other companies within the Financial Services industry that declined today were: Tile Shop Holdings ( TTS), down 12.3%, ProShares UltraShort Nasdaq Biotechnology ( BIS), down 6.2%, DFC Global ( DLLR), down 6.1% and Cornerstone Total Return Fund ( CRF), down 4.1%.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Waddell & Reed Financial has a market cap of $5.5 billion and is part of the financial sector. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7. Shares are up 87.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Waddell & Reed Financial a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Waddell & Reed Financial 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, solid stock price performance and impressive record of earnings per share growth. 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, Consumer Portfolio Services ( CPSS), up 10.0%, WisdomTree Investments ( WETF), up 7.8%, Atlanticus Holdings ( ATLC), up 6.4% and ProShares Ultra Nasdaq Biotechnology ( BIB), up 6.0% , were all gainers within the financial services industry with Franklin Resources ( BEN) 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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