Affiliated Managers Group Inc (AMG): 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.

Affiliated Managers Group ( AMG) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole was unchanged today. By the end of trading, Affiliated Managers Group fell $2.31 (-1.1%) to $202.79 on light volume. Throughout the day, 230,674 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 364,600 shares. The stock ranged in price between $202.75-$205.09 after having opened the day at $204.88 as compared to the previous trading day's close of $205.10. Other companies within the Financial Services industry that declined today were: Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 11.6%, ProShs II:UlS Silver ( ZSL), down 5.9%, Cash Store Financial Services ( CSFS), down 5.1% and World Acceptance Corporation ( WRLD), down 4.0%.

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 $10.8 billion and is part of the financial sector. The company has a P/E ratio of 140.0, above the S&P 500 P/E ratio of 17.7. Shares are up 57.6% year to date as of the close of trading on Monday. Currently there are 5 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. 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, Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 11.6%, GSV Capital ( GSVC), up 7.7%, HD Supply Holdings ( HDS), up 6.3% and ProShares Ultra Silver ( AGQ), up 5.4% , were all gainers within the financial services industry with Morgan Stanley ( MS) 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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