Franklin Resources stock hits 52-week high at $28.44

Franklin Resources Inc. (NYSE:BEN) stock hit a new 52-week high of $28.44, reflecting a 55.6% total return over the past year, driven by efforts to expand its global footprint and product offerings. Despite a recent decline in assets under management (AUM) due to negative market impacts, the company reported long-term net inflows and announced the acquisition of cryptocurrency investment firm 250 Digital. The stock is considered undervalued with an attractive PEG ratio of 0.39 and offers a 4.79% dividend yield.

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