3 Stocks Advancing The Financial Services Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the industry include MasterCard ( MA), up 1.5%, SEI Investments Company ( SEIC), up 1.5%, Goldman Sachs Group ( GS), up 0.9% and TD Ameritrade ( AMTD), up 0.5%. On the negative front, top decliners within the industry include Equifax ( EFX), down 1.5%, and Bank of New York Mellon ( BK), down 0.8%.

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

3. KKR ( KKR) is one of the companies pushing the Financial Services industry higher today. As of noon trading, KKR is up $0.63 (2.7%) to $24.27 on heavy volume. Thus far, 2.4 million shares of KKR exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $23.16-$24.40 after having opened the day at $24.00 as compared to the previous trading day's close of $23.64.

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 $6.9 billion and is part of the financial sector. Shares are down 2.9% 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 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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