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.
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Franklin Resources fell $1.30 (-2.5%) to $51.47 on average volume. Throughout the day, 2,553,061 shares of Franklin Resources exchanged hands as compared to its average daily volume of 2,805,100 shares. The stock ranged in price between $51.16-$52.95 after having opened the day at $52.49 as compared to the previous trading day's close of $52.77. Other companies within the Financial sector that declined today were:
), down 11.8%,
), down 11.0%,
), down 9.9% and
), down 8.2%.
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Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. Franklin Resources has a market cap of $34.0 billion and is part of the financial services industry. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are down 8.6% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Franklin Resources Ratings Report.
On the positive front,
), up 8.0%,
), up 7.7%,
), up 7.3% and
), up 6.7% , were all gainers within the financial sector with
) being today's featured financial sector leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
) while those bearish on the financial sector could consider
- Find other investment ideas from our top rated ETFs lists.