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

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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 0.2%. By the end of trading, Affiliated Managers Group fell $2.82 (-1.5%) to $186.48 on average volume. Throughout the day, 575,618 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 386,800 shares. The stock ranged in price between $186.03-$190.54 after having opened the day at $190.00 as compared to the previous trading day's close of $189.30. Other companies within the Financial Services industry that declined today were: Financial Engines ( FNGN), down 11.0%, Cash Store Financial Services ( CSFS), down 9.6%, db X-trackers 2030 Target Date Fund ( TDN), down 6.1% and LiqTech International ( LIQT), down 5.6%.

AMG is an asset management holding company which acquires majority interests in mid-sized investment management firms. The Company's strategy is to generate growth through investments in new Affiliates, as well as through the internal growth of existing Affiliates. Affiliated Managers Group has a market cap of $9.9 billion and is part of the financial sector. Shares are down 12.7% year to date as of the close of trading on Thursday. 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, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Tile Shop Holdings ( TTS), up 13.9%, PowerShares DB Agriculture Short ETN ( ADZ), up 10.2%, Springleaf Holdings ( LEAF), up 6.4% and iPath Global Carbon ETN ( GRN), up 6.1% , were all gainers within the financial services industry with IntercontinentalExchange Group ( ICE) 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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