Affiliated Managers Group Inc (AMG): Today's Featured Financial 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 sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Affiliated Managers Group fell $2.34 (-1.2%) to $185.29 on average volume. Throughout the day, 598,728 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 464,100 shares. The stock ranged in price between $184.28-$189.70 after having opened the day at $189.04 as compared to the previous trading day's close of $187.63. Other companies within the Financial sector that declined today were: Desarrolladora Homex SAB de CV ADR ( HXM), down 11.2%, Paulson Capital ( PLCC), down 9.0%, Village Bank and Trust Financial Corporatio ( VBFC), down 8.3% and First Cash Financial Services ( FCFS), down 6.7%.

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 $10.1 billion and is part of the financial services industry. Shares are down 13.5% 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, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. 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, Manhattan Bridge Capital ( LOAN), up 9.4%, First West Virginia Bancorp ( FWV), up 9.4%, Royal Bancshares of Pennsylvania ( RBPAA), up 8.7% and HD Supply Holdings ( HDS), up 8.2% , were all gainers within the financial sector with Franklin Resources ( BEN) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector 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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