Financial Stocks On The Rise With Help From 3 Stocks

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,556 as of Thursday, April 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,086 issues advancing vs. 1,855 declining with 176 unchanged.

The Financial sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. A company within the sector that increased today was American Express ( AXP), up 0.6%. On the negative front, top decliners within the sector include TD Ameritrade Holding Corporation ( AMTD), down 3.4%, Waddell & Reed Financial ( WDR), down 3.1%, Shinhan Financial Group ( SHG), down 2.8%, HDFC Bank ( HDB), down 2.1% and Royal Bank of Scotland Group (The ( RBS), down 2.1%.

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

3. KKR ( KKR) is one of the companies pushing the Financial sector higher today. As of noon trading, KKR is up $0.58 (2.5%) to $23.64 on average volume. Thus far, 1.2 million shares of KKR exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $23.29-$23.75 after having opened the day at $23.38 as compared to the previous trading day's close of $23.06.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, distressed, and middle market investments. KKR has a market cap of $6.7 billion and is part of the financial services industry. Shares are down 5.3% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate KKR a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, compelling growth in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full KKR Ratings Report now.

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