APO, KKR And BX, 3 Financial Services Stocks Pushing The Industry Lower

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 16,492 as of Wednesday, May 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,744 issues advancing vs. 1,239 declining with 163 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Orix ( IX), up 1.1%. Top gainers within the industry include American Capital ( ACAS), up 3.8%, Legg Mason ( LM), up 2.6%, Franklin Resources ( BEN), up 2.6%, CME Group ( CME), up 2.4% and NASDAQ OMX Group ( NDAQ), up 1.8%.

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

3. Apollo Global Management ( APO) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Apollo Global Management is down $1.18 (-4.4%) to $25.85 on heavy volume. Thus far, 1.6 million shares of Apollo Global Management exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $25.54-$27.48 after having opened the day at $27.25 as compared to the previous trading day's close of $27.03.

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. Apollo Global Management has a market cap of $4.0 billion and is part of the financial sector. Shares are down 14.5% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Apollo Global Management a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Global Management as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. Get the full Apollo Global Management 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

Blackstone Could See $3 Billion Windfall With Vivint IPO or Sale

DowDupont Closes Higher in First Day of Trading, Company Still Faces Challenges

Apple Is the Tom Brady of Stocks: Cramer's 'Mad Money' Recap (Thursday 8/31/17)

Boeing, Pure Storage, Activision Blizzard: 'Mad Money' Lightning Round

Barnes & Noble Stock Jumps, Said to Be Working With Guggenheim on Potential Sale