5 Stocks Dragging In The Financial Services Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Noah Holdings ( NOAH), down 4.3%, WisdomTree Investments ( WETF), down 1.6%, Financial Engines ( FNGN), down 1.2%, CBOE Holdings ( CBOE), down 1.0% and SEI Investments Company ( SEIC), down 0.8%.

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

5. Northern Trust Corporation ( NTRS) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Northern Trust Corporation is down $0.40 (-0.7%) to $60.90 on average volume. Thus far, 524,577 shares of Northern Trust Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $60.84-$61.79 after having opened the day at $61.47 as compared to the previous trading day's close of $61.30.

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 $14.6 billion and is part of the financial sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Northern Trust Corporation a buy, 4 analysts rate it a sell, and 8 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 revenue growth, growth in earnings per share, reasonable valuation levels, expanding profit margins and good cash flow from operations. 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.

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