5 Stocks Pushing The Financial Sector Downward

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 8 points (0.1%) at 15,256 as of Monday, June 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,353 issues advancing vs. 1,578 declining with 107 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Woori Finance Holdings ( WF), down 1.95, American Tower ( AMT), down 1.89, HDFC Bank ( HDB), down 1.63, HCP ( HCP), down 1.66 and Public Storage ( PSA), down 1.26. Top gainers within the sector include Icahn ( IEP), up 4.2%, PNC Financial Services Group ( PNC), up 2.0%, Digital Realty ( DLR), up 1.8%, Royal Bank of Scotland Group (The ( RBS), up 1.9% and Orix Corporation ( IX), up 1.9%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Invesco ( IVZ) is one of the companies pushing the Financial sector lower today. As of noon trading, Invesco is down $0.37 (-1.1%) to $34.07 on average volume Thus far, 2.2 million shares of Invesco exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $33.90-$34.60 after having opened the day at $34.59 as compared to the previous trading day's close of $34.44.

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 $14.7 billion and is part of the financial services industry. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7. Shares are up 32.0% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Invesco a buy, no analysts rate it a sell, and 5 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, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Invesco Ratings Report now.

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