3 Stocks Moving The Financial Services Industry Upward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the industry include Greenhill ( GHL), up 3.1%, Nomura Holdings ( NMR), up 1.7% and Orix ( IX), up 1.1%. On the negative front, top decliners within the industry include Financial Engines ( FNGN), down 4.2%, Virtus Investment Partners ( VRTS), down 2.8%, Stifel Financial ( SF), down 2.1%, TD Ameritrade ( AMTD), down 1.3% and Waddell & Reed Financial ( WDR), down 1.3%.

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 $0.48 (2.1%) to $23.42 on heavy volume. Thus far, 2.1 million shares of KKR exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $23.01-$23.53 after having opened the day at $23.25 as compared to the previous trading day's close of $22.95.

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 $6.4 billion and is part of the financial sector. Shares are down 5.7% year-to-date as of the close of trading on Monday. 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 robust revenue growth, increase in net income, expanding profit margins and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full KKR Ratings Report now.

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