3 Financial Services Stocks On The Rise

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Janus Capital Group ( JNS), up 2.7%, Artisan Partners Asset Management ( APAM), up 1.7%, Total System Services ( TSS), up 1.1%, Eaton Vance ( EV), up 0.9% and Voya Financial ( VOYA), up 1.1%. On the negative front, top decliners within the industry include Sabine Royalty ( SBR), down 4.8%, Altisource Asset Management ( AAMC), down 4.5%, NASDAQ OMX Group ( NDAQ), down 1.9% and Apollo Global Management ( APO), down 0.4%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Affiliated Managers Group ( AMG) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Affiliated Managers Group is up $1.13 (0.6%) to $204.51 on light volume. Thus far, 134,047 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 477,100 shares. The stock has ranged in price between $202.01-$204.94 after having opened the day at $202.21 as compared to the previous trading day's close of $203.38.

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 $11.2 billion and is part of the financial sector. Shares are down 6.2% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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. Get the full Affiliated Managers Group Ratings Report now.

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