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 0.2%. By the end of trading, Franklin Resources fell $0.85 (-1.7%) to $48.46 on average volume. Throughout the day, 2,561,919 shares of Franklin Resources exchanged hands as compared to its average daily volume of 3,204,100 shares. The stock ranged in price between $48.19-$49.03 after having opened the day at $49.00 as compared to the previous trading day's close of $49.31. Other companies within the Financial Services industry that declined today were: AllianceBernstein Holding L.P ( AB), down 4.2%, TD Ameritrade Holding Corporation ( AMTD), down 3.6%, Ladenburg Thalman Financial Services ( LTS), down 2.9% and Nomura Holdings ( NMR), down 2.6%.

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 17.7% year to date as of the close of trading on Friday. 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, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Noah Holdings ( NOAH), up 14.4%, Paulson Capital ( PLCC), up 13.8%, US Global Investors ( GROW), up 9.2% and Global X Silver Miners ETF ( SIL), up 6.3% , were all gainers within the financial services industry with KKR ( KKR) 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.
null

If you liked this article you might like

Intermediate Trade: Franklin Resources

BlackRock Gets Record ETF Inflows as Investors Sour on Stock Pickers

Some Emerging Markets Post Eye-Popping Growth Rates

Mutual Funds Lost $5.4 Billion in Puerto Rico, WSJ Says

Novice Trade: BEN