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

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.

Franklin Resources ( BEN) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Franklin Resources fell $2.35 (-1.6%) to $143.95 on heavy volume. Throughout the day, 2,124,217 shares of Franklin Resources exchanged hands as compared to its average daily volume of 1,021,200 shares. The stock ranged in price between $143.20-$146.53 after having opened the day at $145.98 as compared to the previous trading day's close of $146.30. Other companies within the Financial Services industry that declined today were: Cash America International ( CSH), down 5.4%, Atlanticus Holdings ( ATLC), down 5.0%, Tile Shop Holdings ( TTS), down 4.9% and World Acceptance Corporation ( WRLD), down 4.3%.

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 $31.4 billion and is part of the financial sector. Shares are up 17.4% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 6 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 revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins 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.

On the positive front, Xoom ( XOOM), up 14.9%, E*Trade Financial ( ETFC), up 7.9%, Cowen Group ( COWN), up 7.6% and First Marblehead Corporation ( FMD), up 7.4% , were all gainers within the financial services industry with Ameriprise Financial ( AMP) being today's featured financial services industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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