PFG, NTRS, TROW, BX And ICE, 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 15,601 as of Monday, Aug. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include CBOE Holdings ( CBOE), down 4.3%, Orix Corporation ( IX), down 1.0%, NYSE Euronext ( NYX), down 0.8% and Nomura Holdings ( NMR), down 0.5%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Principal Financial Group ( PFG) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Principal Financial Group is down $0.54 (-1.2%) to $43.83 on average volume. Thus far, 743,983 shares of Principal Financial Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $43.81-$44.31 after having opened the day at $44.31 as compared to the previous trading day's close of $44.37.

Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services. It operates in four segments: Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. Principal Financial Group has a market cap of $13.2 billion and is part of the financial sector. Shares are up 55.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Principal Financial Group a buy, 4 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Principal Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Principal 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.

4. As of noon trading, Northern Trust Corporation ( NTRS) is down $0.53 (-0.9%) to $58.68 on light volume. Thus far, 451,973 shares of Northern Trust Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $58.60-$59.10 after having opened the day at $59.05 as compared to the previous trading day's close of $59.21.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions worldwide. Northern Trust Corporation has a market cap of $14.2 billion and is part of the financial sector. Shares are up 18.6% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Northern Trust Corporation a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Northern Trust Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, solid stock price performance and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Northern Trust Corporation 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.

3. As of noon trading, T. Rowe Price Group ( TROW) is down $0.44 (-0.6%) to $75.91 on light volume. Thus far, 497,195 shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $75.76-$76.32 after having opened the day at $76.32 as compared to the previous trading day's close of $76.35.

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. T. Rowe Price Group has a market cap of $20.0 billion and is part of the financial sector. Shares are up 17.9% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate T. Rowe Price Group a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates T. Rowe Price Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full T. Rowe Price 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.

2. As of noon trading, Blackstone Group ( BX) is down $0.30 (-1.3%) to $22.74 on light volume. Thus far, 1.7 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $22.56-$23.21 after having opened the day at $23.10 as compared to the previous trading day's close of $23.04.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $12.9 billion and is part of the financial sector. Shares are up 47.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Blackstone 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.

1. As of noon trading, IntercontinentalExchange ( ICE) is down $2.05 (-1.1%) to $186.39 on average volume. Thus far, 394,936 shares of IntercontinentalExchange exchanged hands as compared to its average daily volume of 681,800 shares. The stock has ranged in price between $185.93-$187.88 after having opened the day at $187.46 as compared to the previous trading day's close of $188.44.

IntercontinentalExchange, Inc. operates regulated global markets and clearing houses primarily in the United States, the United Kingdom, Canada, and Brazil. IntercontinentalExchange has a market cap of $13.5 billion and is part of the financial sector. Shares are up 52.2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate IntercontinentalExchange a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 IntercontinentalExchange 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.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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