3 Stocks Dragging The Financial Sector Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Shinhan Financial Group ( SHG), down 1.7%, AvalonBay Communities ( AVB), down 1.6%, Equity Residential ( EQR), down 1.3%, American Tower ( AMT), down 1.3% and Host Hotels & Resorts ( HST), down 1.2%. Top gainers within the sector include Genworth Financial ( GNW), up 2.6%, Morgan Stanley ( MS), up 2.1%, Goldman Sachs Group ( GS), up 1.7%, MetLife ( MET), up 1.7% and HDFC Bank ( HDB), up 1.3%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Financial sector lower today. As of noon trading, Mitsubishi UFJ Financial Group is down $0.10 (-1.6%) to $5.74 on light volume. Thus far, 624,481 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $5.74-$5.77 after having opened the day at $5.76 as compared to the previous trading day's close of $5.84.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $81.4 billion and is part of the banking industry. Shares are down 13.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and unimpressive growth in net income. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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