Franklin Resources, Inc. (NYSE:BEN – Get Free Report) has been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.89.
BEN has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Franklin Resources in a report on Monday, August 31st. JPMorgan Chase & Co. increased their price objective on shares of Franklin Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, October 12th. Zacks Research cut shares of Franklin Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley lifted their target price on shares of Franklin Resources from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Finally, Barclays reiterated a “mixed” rating on shares of Franklin Resources in a research note on Wednesday, October 14th.
Check Out Our Latest Report on BEN
Hedge Funds Weigh In On Franklin Resources
Institutional investors have recently bought and sold shares of the stock. First Community Trust NA bought a new stake in shares of Franklin Resources in the 3rd quarter valued at approximately $25,000. CENTRAL TRUST Co grew its holdings in shares of Franklin Resources by 390.0% in the third quarter. CENTRAL TRUST Co now owns 980 shares of the closed-end fund’s stock worth $31,000 after purchasing an additional 780 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of Franklin Resources in the third quarter worth about $32,000. Compass Financial Management LLC purchased a new position in Franklin Resources in the 2nd quarter worth about $36,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Franklin Resources in the 3rd quarter worth about $35,000. 47.56% of the stock is owned by institutional investors.
Franklin Resources Price Performance
BEN opened at $33.84 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.22. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.56. The stock has a fifty day simple moving average of $32.58 and a two-hundred day simple moving average of $30.38. Franklin Resources has a 12-month low of $21.10 and a 12-month high of $36.28.
Franklin Resources (NYSE:BEN – Get Free Report) last announced its earnings results on Friday, November 6th. The closed-end fund reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.17. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Franklin Resources had a net margin of 8.72% and a return on equity of 11.55%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. Research analysts predict that Franklin Resources will post 3.20 earnings per share for the current fiscal year.
Franklin Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. Franklin Resources’s payout ratio is presently 89.80%.
Key Franklin Resources News
Here are the key news stories impacting Franklin Resources this week:
- Positive Sentiment: Adjusted earnings were $0.94 per share, above analyst expectations of roughly $0.77–$0.78 and up from $0.67 a year earlier. Revenue of $1.88 billion also topped estimates of $1.86 billion and increased 3.9% year over year. Article: Franklin Templeton Q4 Earnings and Revenues Beat Estimates
- Positive Sentiment: Reports attributed the results to higher revenue, year-over-year growth in assets under management, robust long-term net inflows and lower operating expenses—indicators that support earnings momentum. Article: Franklin Q4 Earnings Beat Estimates on Higher Revenues, AUM Rises Year Over Year
About Franklin Resources
Franklin Resources, Inc is a global investment management company that operates under the Franklin Templeton name. It offers investment products and services to individual investors, financial professionals, institutions and other clients, including mutual funds, exchange-traded funds and separately managed accounts.
The company invests across a range of asset classes and strategies, including equities, fixed income, multi-asset portfolios and alternative investments. Its services also include retirement solutions and wealth management.
Founded in 1947, Franklin Resources has grown through acquisitions, including its 2020 acquisition of Legg Mason.
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