3 Stocks Dragging In The Financial Services Industry

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 16,218 as of Tuesday, Feb. 25, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,600 issues advancing vs. 1,298 declining with 186 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Apollo Investment ( AINV), down 6.0%, Prospect Capital Corporation ( PSEC), down 2.7%, Western Union Company ( WU), down 1.5%, American Capital ( ACAS), down 1.4% and SLM ( SLM), down 1.3%. A company within the industry that increased today was Orix Corporation ( IX), up 0.8%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. State Street ( STT) is one of the companies pushing the Financial Services industry lower today. As of noon trading, State Street is down $0.66 (-1.0%) to $68.41 on light volume. Thus far, 741,938 shares of State Street exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $67.89-$69.02 after having opened the day at $69.01 as compared to the previous trading day's close of $69.07.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $30.1 billion and is part of the financial sector. Shares are down 5.9% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate State Street a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and attractive valuation levels. 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 State Street 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 liked this article you might like

Big Companies Say They Favor Diversity, Most Refuse to Prove It

Exxon, Occidental Remain In Index Fund Crosshairs Over Climate Change

Apollo's Record Fundraising Adds to Struggles for Stock Pickers

14 Bank Stocks That Will Either Surge or Do Nothing

Another Steep Selloff in Tech Stocks Wipes Out Nasdaq's June Gains