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 Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Franklin Resources rose $1.13 (2.1%) to $55.65 on average volume. Throughout the day, 1,861,911 shares of Franklin Resources exchanged hands as compared to its average daily volume of 2,422,800 shares. The stock ranged in a price between $54.60-$55.70 after having opened the day at $54.99 as compared to the previous trading day's close of $54.52. Other companies within the Financial Services industry that increased today were:
), up 10.0%,
), up 7.8%,
), up 6.4% and
), up 6.0%.
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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 $33.8 billion and is part of the financial sector. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 27.9% year to date as of the close of trading on Thursday. Currently there are 9 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, expanding profit margins, increase in stock price during the past year, growth in earnings per share and increase 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.
- You can view the full Franklin Resources Ratings Report.
On the negative front,
), down 12.3%,
), down 6.2%,
), down 6.1% and
), down 4.1% , were all laggards within the financial services industry with
) being today's financial services industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
) while those bearish on the financial services industry could consider
- Find other investment ideas from our top rated ETFs lists.