3 Stocks Underperforming Today In The Financial Services Industry

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 17,036 as of Thursday, Sept. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,537 issues advancing vs. 1,470 declining with 140 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Orix ( IX), down 1.8%, Western Union ( WU), down 0.7% and Visa ( V), down 0.5%. Top gainers within the industry include Legg Mason ( LM), up 1.6%, HD Supply Holdings ( HDS), up 1.3% and Goldman Sachs Group ( GS), up 0.8%.

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

3. Affiliated Managers Group ( AMG) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Affiliated Managers Group is down $1.11 (-0.5%) to $205.62 on light volume. Thus far, 128,522 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 547,500 shares. The stock has ranged in price between $204.59-$206.21 after having opened the day at $204.99 as compared to the previous trading day's close of $206.73.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. Affiliated Managers Group has a market cap of $11.5 billion and is part of the financial sector. Shares are down 4.7% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Affiliated Managers Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Affiliated Managers Group Ratings Report now.

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