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

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 higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Franklin Resources rose $0.70 (1.3%) to $52.85 on heavy volume. Throughout the day, 3,332,527 shares of Franklin Resources exchanged hands as compared to its average daily volume of 2,179,900 shares. The stock ranged in a price between $52.06-$53.14 after having opened the day at $52.12 as compared to the previous trading day's close of $52.15. Other companies within the Financial Services industry that increased today were: US Global Investors ( GROW), up 16.3%, Paulson Capital ( PLCC), up 15.1%, First Marblehead Corporation ( FMD), up 10.2% and Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 9.9%.

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 sector. Shares are down 9.7% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 5 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, impressive record of earnings per share growth, increase in net income, 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 negative front, Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 9.5%, Tiptree Financial ( TIPT), down 7.5%, PowerShares DB Base Metals Double Short ETN ( BOM), down 6.7% and Palmetto ( PLMT), down 5.2% , were all laggards within the financial services industry with Ameriprise Financial ( AMP) being today's financial services industry laggard.

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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