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5 Stocks Pushing The Financial Services Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 62 points (0.4%) at 14,518 as of Thursday, March 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,087 declining with 143 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the industry include Legg Mason ( LM), up 3.3%, CIT Group ( CIT), up 1.6%, Ameriprise Financial ( AMP), up 1.2%, Franklin Resources ( BEN), up 0.9% and Nomura Holdings ( NMR), up 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Invesco ( IVZ) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Invesco is up $0.46 (1.6%) to $28.91 on average volume Thus far, 2.3 million shares of Invesco exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $28.43-$29.23 after having opened the day at $28.50 as compared to the previous trading day's close of $28.45.

Invesco Ltd. is a publicly owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for institutions. The firm manages separate client focused equity, fixed income, balanced portfolios. Invesco has a market cap of $12.4 billion and is part of the financial sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 9.0% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Invesco a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Invesco Ratings Report now.

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Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

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