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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 $148.85, above its previous 52-week high of $148.31 with 314,523 shares traded as of 3:26 p.m. ET. Average volume has been 736,100 shares over the past 30 days. Franklin has a market cap of $31.45 billion and is part of the financial sector and financial services industry. Shares are up 17.9% 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 16.1, below the S&P 500 P/E ratio of 17.7.