4 Financial Services Stocks Pushing The Industry Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 54 points (-0.3%) at 16,409 as of Thursday, Jan. 9, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,224 issues advancing vs. 1,713 declining with 144 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. A company within the industry that increased today was Raymond James Financial ( RJF), up 0.9%. On the negative front, top decliners within the industry include Virtus Investment Partners ( VRTS), down 2.9%, MarketAxess Holdings ( MKTX), down 2.1%, Western Union Company ( WU), down 1.4%, Invesco ( IVZ), down 1.0% and Nomura Holdings ( NMR), down 0.8%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. LPL Financial Holdings ( LPLA) is one of the companies pushing the Financial Services industry higher today. As of noon trading, LPL Financial Holdings is up $0.46 (0.9%) to $49.40 on average volume. Thus far, 368,335 shares of LPL Financial Holdings exchanged hands as compared to its average daily volume of 500,400 shares. The stock has ranged in price between $48.90-$49.93 after having opened the day at $49.57 as compared to the previous trading day's close of $48.94.

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. LPL Financial Holdings has a market cap of $5.0 billion and is part of the financial sector. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 17.7. Shares are up 4.0% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate LPL Financial Holdings a buy, 1 analyst rates it a sell, and 5 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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full LPL Financial Holdings Ratings Report now.

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