LPLA, PFG And BLK, Pushing Financial Services Industry Downward

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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%. 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%. 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%.

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

3. LPL Financial Holdings ( LPLA) is one of the companies pushing the Financial Services industry lower today. As of noon trading, LPL Financial Holdings is down $1.70 (-3.5%) to $47.40 on heavy volume. Thus far, 889,102 shares of LPL Financial Holdings exchanged hands as compared to its average daily volume of 875,400 shares. The stock has ranged in price between $47.02-$48.64 after having opened the day at $48.00 as compared to the previous trading day's close of $49.10.

LPL Financial Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. It operates through Independent Advisor Services and Institution Services segments. LPL Financial Holdings has a market cap of $5.0 billion and is part of the financial sector. Shares are up 4.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate LPL Financial Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates LPL Financial Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full LPL Financial Holdings 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, Principal Financial Group ( PFG) is down $0.25 (-0.6%) to $44.91 on average volume. Thus far, 550,577 shares of Principal Financial Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $44.44-$45.63 after having opened the day at $45.63 as compared to the previous trading day's close of $45.16.

Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. Principal Financial Group has a market cap of $13.4 billion and is part of the financial sector. Shares are down 8.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Principal Financial Group a buy, 4 analysts rate it a sell, and 8 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

1. As of noon trading, BlackRock ( BLK) is down $2.31 (-0.8%) to $305.29 on light volume. Thus far, 283,937 shares of BlackRock exchanged hands as compared to its average daily volume of 776,200 shares. The stock has ranged in price between $302.79-$307.59 after having opened the day at $305.50 as compared to the previous trading day's close of $307.60.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $51.5 billion and is part of the financial sector. Shares are down 2.8% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate BlackRock a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates BlackRock 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, good cash flow from operations and expanding profit margins. 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 BlackRock 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 3 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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