RJF, PFG, TROW And BEN, 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.

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.

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, Principal Financial Group ( PFG) is down $0.24 (-0.5%) to $47.09 on light volume. Thus far, 314,102 shares of Principal Financial Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $47.01-$47.64 after having opened the day at $47.55 as compared to the previous trading day's close of $47.33.

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 $14.0 billion and is part of the financial sector. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are down 4.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Principal Financial Group a buy, 5 analysts rate it a sell, and 10 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 solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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.

2. As of noon trading, T. Rowe Price Group ( TROW) is down $0.58 (-0.7%) to $81.20 on average volume. Thus far, 528,494 shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $80.94-$82.38 after having opened the day at $82.11 as compared to the previous trading day's close of $81.78.

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 $21.5 billion and is part of the financial sector. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate T. Rowe Price Group a buy, no analysts rate it a sell, and 8 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, increase in stock price during the past year and growth in earnings per share. 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 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.

1. As of noon trading, Franklin Resources ( BEN) is down $0.50 (-0.9%) to $57.82 on light volume. Thus far, 566,094 shares of Franklin Resources exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $57.75-$58.62 after having opened the day at $58.51 as compared to the previous trading day's close of $58.32.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. Franklin Resources has a market cap of $36.9 billion and is part of the financial sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Franklin Resources 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, solid stock price performance and growth in earnings per share. 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 Franklin Resources 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 5 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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