Franklin Resources Inc. stock underperforms Wednesday when compared to competitors

Shares of Franklin Resources Inc. BEN shed 1.54% to $26.90 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.70% to 3,891.93 and Dow Jones Industrial Average DJIA falling 0.87% to 31,874.57. Franklin Resources Inc. closed $7.47 short of its 52-week high ($34.37), which the company reached on February 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as BlackRock Inc. BLK fell 0.95% to $631.74, Goldman…