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 0.3%. By the end of trading, Franklin Resources rose $0.86 (1.6%) to $53.67 on average volume. Throughout the day, 2,342,385 shares of Franklin Resources exchanged hands as compared to its average daily volume of 2,280,900 shares. The stock ranged in a price between $52.94-$53.73 after having opened the day at $53.17 as compared to the previous trading day's close of $52.81. Other companies within the Financial Services industry that increased today were: Market Vectors MSCI Emerging Markets Qualit ( QEM), up 10.3%, PowerShares DB Base Metals Short ETN ( BOS), up 10.0%, iPath Pure Beta Coffee ETN ( CAFE), up 9.1% and iPath Dow Jones-UBS Coffee Total Return Sub ( JO), up 9.0%.

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 $33.3 billion and is part of the financial sector. Shares are down 8.5% year to date as of the close of trading on Friday. Currently there are 7 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, impressive record of earnings per share growth, increase in net income, expanding profit margins and good cash flow from operations. 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 negative front, Cash Store Financial Services ( CSFS), down 21.9%, Harris & Harris Group ( TINY), down 6.6%, ProShares UltraShort Russell1000 Growth ( SFK), down 6.3% and ProShares Ultra MSCI Brazil Cppd ( UBR), down 6.1% , were all laggards within the financial services industry with CME Group ( CME) 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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