3 Stocks Dragging In The Financial Services Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 41 points (0.2%) at 17,110 as of Friday, Sept. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,666 issues advancing vs. 1,285 declining with 190 unchanged.

The Financial Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Orix ( IX), down 1.8%, and KKR ( KKR), down 0.8%. A company within the industry that increased today was HD Supply Holdings ( HDS), up 1.0%.

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

3. Legg Mason ( LM) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Legg Mason is down $0.47 (-1.0%) to $48.62 on light volume. Thus far, 222,142 shares of Legg Mason exchanged hands as compared to its average daily volume of 711,100 shares. The stock has ranged in price between $48.44-$49.08 after having opened the day at $48.96 as compared to the previous trading day's close of $49.09.

Legg Mason Inc. is a publicly owned asset management holding company. The firm through its subsidiaries provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. Legg Mason Inc. Legg Mason has a market cap of $5.7 billion and is part of the financial sector. Shares are up 12.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Legg Mason a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Legg Mason as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Legg Mason Ratings Report now.

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