Franklin Resources Inc. (BEN): Today's Featured Financial Services Winner

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.

Franklin Resources ( BEN) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 1%. By the end of trading, Franklin Resources rose $4.74 (3.7%) to $132.54 on average volume. Throughout the day, 883,073 shares of Franklin Resources exchanged hands as compared to its average daily volume of 619,500 shares. The stock ranged in a price between $127.02-$132.56 after having opened the day at $127.85 as compared to the previous trading day's close of $127.80. Other companies within the Financial Services industry that increased today were: SGOCO Group ( SGOC), up 29.4%, First Marblehead Corporation ( FMD), up 17%, Security National Financial Corporation ( SNFCA), up 11.6%, and Virtus Investment Partners ( VRTS), up 6.2%.
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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 $27.21 billion and is part of the financial sector. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 33.3% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate Franklin Resources a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Franklin Resources as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, 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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