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 closed the day up 0.2%. By the end of trading, Affiliated Managers Group fell $2.33 (-1.2%) to $195.87 on average volume. Throughout the day, 441,019 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 584,500 shares. The stock ranged in price between $195.52-$199.10 after having opened the day at $197.55 as compared to the previous trading day's close of $198.20. Other companies within the Financial Services industry that declined today were: RCS Capital ( RCAP), down 7.6%, Investment Technology Group ( ITG), down 6.8%, GFI Group ( GFIG), down 5.1% and LiqTech International ( LIQT), down 5.0%.

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 28.7, above the S&P 500 P/E ratio of 17.7. Shares are down 10.0% year to date as of the close of trading on Wednesday. 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. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front, ICG Group ( ICGE), up 6.2%, Lazard ( LAZ), up 4.1%, KCG Holdings ( KCG), up 3.6% and Nomura Holdings ( NMR), up 3.6% , were all gainers within the financial services industry with Invesco ( IVZ) 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.