Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.2%. By the end of trading, Franklin Resources rose $1.65 (1.1%) to $154.11 on light volume. Throughout the day, 432,305 shares of Franklin Resources exchanged hands as compared to its average daily volume of 642,500 shares. The stock ranged in a price between $152.35-$154.61 after having opened the day at $153.27 as compared to the previous trading day's close of $152.46. Other companies within the Financial sector that increased today were:
), up 30.0%,
), up 21.3%,
), up 20.4% and
), up 12.8%.
- EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
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 $32.3 billion and is part of the financial services industry. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are up 20.8% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Franklin Resources as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Franklin Resources Ratings Report.
On the negative front,
), down 14.8%,
), down 9.0%,
), down 8.8% and
), down 8.5% , were all laggards within the financial sector with
) being today's financial sector laggard.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
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.
Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.