APO, KKR And BLK, Pushing Financial Services Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was HD Supply Holdings ( HDS), up 2.0%. Top gainers within the industry include Nomura Holdings ( NMR), up 2.7%, Waddell & Reed Financial ( WDR), up 2.2%, Orix ( IX), up 1.2% and Visa ( V), up 0.8%.

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

3. Apollo Global Management LLC Class A ( APO) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Apollo Global Management LLC Class A is down $0.32 (-1.3%) to $24.08 on light volume. Thus far, 336,579 shares of Apollo Global Management LLC Class A exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $24.06-$24.55 after having opened the day at $24.49 as compared to the previous trading day's close of $24.40.

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 LLC Class A has a market cap of $3.8 billion and is part of the financial sector. Shares are down 22.8% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Apollo Global Management LLC Class A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Global Management LLC Class A as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, weak operating cash flow and feeble growth in its earnings per share. Get the full Apollo Global Management LLC Class A Ratings Report now.

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