RJF, PFG, TROW And BEN, Pushing Financial Services Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Nomura Holdings ( NMR), up 0.5%. Top gainers within the industry include WisdomTree Investments ( WETF), up 2.0%, LPL Financial Holdings ( LPLA), up 1.7%, MasterCard Incorporated ( MA), up 1.6%, CBOE Holdings ( CBOE), up 1.2% and Equifax ( EFX), up 1.2%.

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

4. Raymond James Financial ( RJF) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Raymond James Financial is down $0.34 (-0.6%) to $53.99 on average volume. Thus far, 327,946 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 669,200 shares. The stock has ranged in price between $53.88-$54.48 after having opened the day at $54.48 as compared to the previous trading day's close of $54.33.

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial has a market cap of $7.6 billion and is part of the financial sector. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Raymond James Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, 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 Raymond James Financial Ratings Report now.

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