3 Stocks Underperforming Today In The Financial Services Industry

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 17,877 as of Wednesday, July 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,655 issues advancing vs. 1,273 declining with 140 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include ORIX ( IX), down 3.4%, State Street ( STT), down 1.5%, Intercontinental Exchange ( ICE), down 0.8% and MasterCard ( MA), down 0.7%. Top gainers within the industry include MarketAxess Holdings ( MKTX), up 4.3%, Credit Acceptance ( CACC), up 3.2%, SLM ( SLM), up 2.1%, Apollo Global Management ( APO), up 1.2% and Raymond James Financial ( RJF), up 1.0%.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Nomura Holdings is down $0.10 (-2.9%) to $3.41 on heavy volume. Thus far, 655,287 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 735,300 shares. The stock has ranged in price between $3.38-$3.44 after having opened the day at $3.41 as compared to the previous trading day's close of $3.51.

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Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $13.0 billion and is part of the financial sector. Shares are down 36.8% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nomura Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Nomura Holdings Ratings Report now.

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2. As of noon trading, Affiliated Managers Group ( AMG) is down $1.93 (-1.4%) to $132.26 on average volume. Thus far, 357,753 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 567,800 shares. The stock has ranged in price between $131.02-$133.23 after having opened the day at $132.79 as compared to the previous trading day's close of $134.19.

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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 $7.5 billion and is part of the financial sector. Shares are down 16.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 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 hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full Affiliated Managers Group Ratings Report now.

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1. As of noon trading, Blackstone Group ( BX) is down $0.36 (-1.5%) to $22.90 on heavy volume. Thus far, 8.9 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $22.45-$23.07 after having opened the day at $23.01 as compared to the previous trading day's close of $23.25.

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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 $29.2 billion and is part of the financial sector. Shares are down 20.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Blackstone Group as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. Get the full Blackstone Group Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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