3 Stocks Underperforming Today In The Financial Sector

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include KeyCorp ( KEY), down 1.2%, CME Group ( CME), down 1.2%, Bank of New York Mellon ( BK), down 1.1%, HDFC Bank ( HDB), down 1.1% and MasterCard ( MA), down 1.1%. Top gainers within the sector include Woori Finance Holdings ( WF), up 1.8%, Digital Realty ( DLR), up 1.8%, Affiliated Managers Group ( AMG), up 1.6% and Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 1.5%.

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

3. BlackRock ( BLK) is one of the companies pushing the Financial sector lower today. As of noon trading, BlackRock is down $2.24 (-0.7%) to $307.21 on light volume. Thus far, 199,951 shares of BlackRock exchanged hands as compared to its average daily volume of 623,800 shares. The stock has ranged in price between $306.51-$309.99 after having opened the day at $308.45 as compared to the previous trading day's close of $309.45.

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 $51.9 billion and is part of the financial services industry. Shares are down 2.2% year-to-date as of the close of trading on Friday. Currently there are 8 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, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full BlackRock Ratings Report now.

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