Franklin Resources (NYSE:BEN) hit a new 52-week high Friday as it is currently trading at $127.91, above its previous 52-week high of $127.83 with 112,993 shares traded as of 10:35 a.m. ET. Average volume has been 777,700 shares over the past 30 days.
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 Friday as it is currently trading at $127.91, above its previous 52-week high of $127.83 with 112,993 shares traded as of 10:35 a.m. ET. Average volume has been 777,700 shares over the past 30 days. Franklin has a market cap of $26.29 billion and is part of the financial sector and financial services industry. Shares are up 31.6% year to date as of the close of trading on Thursday. 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 14.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Franklin as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Franklin Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.