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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 17,085 as of Tuesday, Sept. 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,160 issues advancing vs. 1,849 declining with 136 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include HD Supply Holdings ( HDS), down 2.1%, Nomura Holdings ( NMR), down 1.5%, Orix ( IX), down 1.4% and LPL Financial Holdings ( LPLA), down 1.3%. A company within the industry that increased today was Visa ( V), up 0.9%.

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

3. Blackstone Group ( BX) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Blackstone Group is down $0.29 (-0.9%) to $31.54 on light volume. Thus far, 1.3 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $31.29-$31.91 after having opened the day at $31.77 as compared to the previous trading day's close of $31.83.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $18.7 billion and is part of the financial sector. Shares are up 1.1% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. 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 Blackstone Group Ratings Report now.

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