News articles about Franklin Resources (NYSE:BEN) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franklin Resources earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the closed-end fund an impact score of 46.8136050599865 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Franklin Resources Inc (BEN) Share Activity Climbing in Session – Sparta Review (spartareview.com)
- Franklin Universal Trust Declares Monthly Distribution – Nasdaq (nasdaq.com)
- ETFs with exposure to Franklin Resources, Inc. : August 15, 2017 (finance.yahoo.com)
- Analyzing Franklin Resources (NYSE:BEN) & Arlington Asset Investment Corp (AI) (americanbankingnews.com)
Several research analysts recently commented on BEN shares. BidaskClub upgraded Franklin Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Franklin Resources from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price target on shares of Franklin Resources in a research note on Thursday, July 6th. Deutsche Bank AG boosted their price target on Franklin Resources from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price target on shares of Franklin Resources in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.18.
Shares of Franklin Resources (NYSE:BEN) traded down 0.55% during mid-day trading on Friday, reaching $41.83. The company had a trading volume of 1,796,698 shares. The company has a market capitalization of $23.33 billion, a PE ratio of 13.61 and a beta of 1.73. The company’s 50-day moving average price is $44.83 and its 200-day moving average price is $42.99. Franklin Resources has a 52-week low of $33.02 and a 52-week high of $47.65.
Franklin Resources (NYSE:BEN) last released its earnings results on Friday, July 28th. The closed-end fund reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Franklin Resources had a net margin of 27.30% and a return on equity of 13.96%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Franklin Resources will post $2.95 earnings per share for the current fiscal year.
In related news, CFO Kenneth A. Lewis sold 17,141 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $44.51, for a total value of $762,945.91. Following the completion of the sale, the chief financial officer now owns 124,021 shares in the company, valued at $5,520,174.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 21.60% of the stock is currently owned by company insiders.
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Franklin Resources Company Profile
Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.
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