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LPLA, PFG And BLK, Pushing Financial Services Industry Downward

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 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Equifax ( EFX), down 1.5%, and Bank of New York Mellon ( BK), down 0.8%. Top gainers within the industry include MasterCard ( MA), up 1.5%, SEI Investments Company ( SEIC), up 1.5%, Goldman Sachs Group ( GS), up 0.9% and TD Ameritrade ( AMTD), up 0.5%.

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

3. LPL Financial Holdings ( LPLA) is one of the companies pushing the Financial Services industry lower today. As of noon trading, LPL Financial Holdings is down $1.70 (-3.5%) to $47.40 on heavy volume. Thus far, 889,102 shares of LPL Financial Holdings exchanged hands as compared to its average daily volume of 875,400 shares. The stock has ranged in price between $47.02-$48.64 after having opened the day at $48.00 as compared to the previous trading day's close of $49.10.

LPL Financial Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. It operates through Independent Advisor Services and Institution Services segments. LPL Financial Holdings has a market cap of $5.0 billion and is part of the financial sector. Shares are up 4.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate LPL Financial Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates LPL Financial Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full LPL Financial Holdings 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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