Somewhat Positive Press Coverage Somewhat Unlikely to Impact Franklin Resources (BEN) Stock Price

Media headlines about Franklin Resources (NYSE:BEN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franklin Resources earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the closed-end fund an impact score of 48.0300745827108 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Franklin Resources (NYSE BEN) opened at $41.13 on Monday. The company has a market cap of $22,823.04, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.41 and a beta of 1.75. Franklin Resources has a 52-week low of $36.88 and a 52-week high of $47.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 9.20 and a quick ratio of 9.20.

Franklin Resources (NYSE:BEN) last announced its quarterly earnings results on Thursday, October 26th. The closed-end fund reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.64 billion. Franklin Resources had a net margin of 26.54% and a return on equity of 13.60%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. analysts forecast that Franklin Resources will post 2.92 earnings per share for the current year.

Several analysts have recently weighed in on BEN shares. Wells Fargo & Company cut shares of Franklin Resources from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a research report on Monday, July 24th. Zacks Investment Research cut shares of Franklin Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. UBS AG restated a “neutral” rating and set a $45.00 price objective (down previously from $46.00) on shares of Franklin Resources in a research report on Monday, July 31st. BidaskClub cut shares of Franklin Resources from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price objective on shares of Franklin Resources in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.45.

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In other Franklin Resources news, Chairman Gregory E. Johnson sold 56,825 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $42.83, for a total value of $2,433,814.75. Following the sale, the chairman now owns 2,047,273 shares of the company’s stock, valued at approximately $87,684,702.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.60% of the stock is owned by company insiders.

About Franklin Resources

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.

Insider Buying and Selling by Quarter for Franklin Resources (NYSE:BEN)

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