Franklin Rises On Unusually High Volume (BEN)

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) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at two times its average daily volume and trading up $3.79 (+2.6%) at $147.09 as of 3:55 p.m. ET.

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Franklin has a market cap of $31.28 billion and is part of the financial sector and financial services industry. Shares are up 14% year to date as of the close of trading on Wednesday.

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 15.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Franklin as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income 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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