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3 Stocks Pushing The Financial Services Industry Lower

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 3 stocks pushing the industry lower today:

3. Apollo Global Management ( APO) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Apollo Global Management is down $0.60 (-2.5%) to $23.40 on average volume Thus far, 318,784 shares of Apollo Global Management exchanged hands as compared to its average daily volume of 593,700 shares. The stock has ranged in price between $23.32-$24.14 after having opened the day at $24.11 as compared to the previous trading day's close of $24.00.

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to pension and endowment funds, institutional investors, individual investors, pooled investment vehicles, and corporations. Apollo Global Management has a market cap of $3.2 billion and is part of the financial sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 38.2% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Global Management as a sell. The area that we feel has been the company's primary weakness has been its poor profit margins. Get the full Apollo Global Management Ratings Report now.

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