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MTU, RBS, LYG And MET, Pushing Financial Sector Downward

Stock quotes in this article: MTU, RBS, LYG, MET#Sector

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,024 as of Friday, Nov. 22, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,437 issues advancing vs. 1,443 declining with 136 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Tile Shop Holdings ( TTS), down 12.2%, Digital Realty ( DLR), down 1.7%, HCP ( HCP), down 1.5%, American Tower ( AMT), down 1.4% and Annaly Capital Management ( NLY), down 1.4%. Top gainers within the sector include Fortress Investment Group ( FIG), up 7.1%, Orix Corporation ( IX), up 3.1%, CBRE Group ( CBG), up 3.1%, Apollo Global Management ( APO), up 3.0% and Ocwen Financial Corporation ( OCN), up 2.3%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Financial sector lower today. As of noon trading, Mitsubishi UFJ Financial Group is down $0.12 (-1.8%) to $6.54 on heavy volume. Thus far, 1.3 million shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $6.51-$6.55 after having opened the day at $6.53 as compared to the previous trading day's close of $6.66.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $93.2 billion and is part of the banking industry. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are up 22.9% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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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