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Franklin Stock Hits New 52-Week High (BEN)

By TheStreet Wire 03/06/13 - 02:14 PM EST

Find out if (BEN) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Franklin Resources (NYSE:BEN) hit a new 52-week high Wednesday as it is currently trading at $146.14, above its previous 52-week high of $146.13 with 201,795 shares traded as of 1:50 p.m. ET. Average volume has been 750,800 shares over the past 30 days.

Franklin has a market cap of $30.25 billion and is part of the financial sector and financial services industry. Shares are up 15.4% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Franklin as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Franklin Ratings Report.

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