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Franklin Resources (BEN) Stock Price, News & Analysis

$23.87
-0.07 (-0.29%)
(As of 04:10 PM ET)
Today's Range
$23.83
$24.04
50-Day Range
$22.77
$28.12
52-Week Range
$21.88
$30.32
Volume
2.44 million shs
Average Volume
3.75 million shs
Market Capitalization
$12.56 billion
P/E Ratio
13.64
Dividend Yield
5.19%
Price Target
$26.00

Franklin Resources MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.63 Rating Score
Upside/​Downside
8.4% Upside
$26.00 Price Target
Short Interest
Healthy
6.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
0.41mentions of Franklin Resources in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.17%
From $2.47 to $2.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Finance Sector

139th out of 830 stocks

Investment Advice Industry

11th out of 45 stocks

BEN stock logo

About Franklin Resources Stock (NYSE:BEN)

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Canada; Dubai, United Arab Emirates; Edinburgh, United Kingdom; Fort Lauderdale, United States; Hyderabad, India; London, United Kingdom; Rancho Cordova, United states; Shanghai, China; Singapore; Stamford, United States; and Vienna, Austria.

BEN Stock Price History

BEN Stock News Headlines

Most shorted S&P 500 financial stocks
Most shorted S&P financial stocks
Ben Franklin’s wisdom on taxes
Q2 2024 Franklin Resources Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Last Earnings
4/29/2024
Today
5/21/2024
Next Earnings (Estimated)
7/26/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
CUSIP
35461310
Employees
9,200
Year Founded
1947

Price Target and Rating

Average Stock Price Target
$26.00
High Stock Price Target
$30.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+8.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.63
Research Coverage
8 Analysts

Profitability

Net Income
$882.80 million
Pretax Margin
17.16%

Debt

Sales & Book Value

Annual Sales
$7.85 billion
Cash Flow
$3.61 per share
Book Value
$25.15 per share

Miscellaneous

Free Float
399,145,000
Market Cap
$12.60 billion
Optionable
Optionable
Beta
1.44

Social Links

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Key Executives

  • Mr. Gregory Eugene Johnson CPA (Age 63)
    Executive Chairman of the Board
    Comp: $1.83M
  • Ms. Jennifer M. JohnsonMs. Jennifer M. Johnson (Age 60)
    President, CEO & Director
    Comp: $4.61M
  • Mr. Rupert Harris Johnson Jr. (Age 84)
    Vice Chairman
  • Mr. Matthew Nicholls (Age 51)
    Executive VP, CFO & COO
    Comp: $3.7M
  • Mr. Adam Benjamin Spector (Age 56)
    Executive VP & Head of Global Distribution
    Comp: $4.14M
  • Mr. Terrence James Murphy (Age 55)
    Executive VP & Head of Public Markets
    Comp: $15.15M
  • Mr. Avinash Deepak Satwalekar CFA
    President of India
  • Ms. Lindsey Harumi Oshita (Age 41)
    Senior VP & Chief Accounting Officer
  • Ms. Selene Oh
    Head of Investor Relations
  • Mr. Thomas Clifton Merchant (Age 56)
    Executive VP, General Counsel & Secretary

BEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Franklin Resources stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 3 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" BEN shares.
View BEN analyst ratings
or view top-rated stocks.

What is Franklin Resources' stock price target for 2024?

8 brokers have issued twelve-month price targets for Franklin Resources' shares. Their BEN share price targets range from $21.00 to $30.00. On average, they expect the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for BEN
or view top-rated stocks among Wall Street analysts.

How have BEN shares performed in 2024?

Franklin Resources' stock was trading at $29.79 at the beginning of the year. Since then, BEN shares have decreased by 19.7% and is now trading at $23.92.
View the best growth stocks for 2024 here
.

Are investors shorting Franklin Resources?

Franklin Resources saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 19,310,000 shares, a decline of 16.6% from the April 15th total of 23,160,000 shares. Based on an average trading volume of 3,770,000 shares, the short-interest ratio is currently 5.1 days. Approximately 6.8% of the company's shares are short sold.
View Franklin Resources' Short Interest
.

When is Franklin Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 26th 2024.
View our BEN earnings forecast
.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) issued its quarterly earnings results on Monday, April, 29th. The closed-end fund reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.01. The closed-end fund earned $2.15 billion during the quarter, compared to analysts' expectations of $1.66 billion. Franklin Resources had a net margin of 11.09% and a trailing twelve-month return on equity of 10.82%. Franklin Resources's revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS.
Read the conference call transcript
.

How often does Franklin Resources pay dividends? What is the dividend yield for Franklin Resources?

Franklin Resources announced a quarterly dividend on Tuesday, February 6th. Investors of record on Thursday, March 28th will be paid a dividend of $0.31 per share on Friday, April 12th. This represents a $1.24 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for BEN
.

Is Franklin Resources a good dividend stock?

Franklin Resources (NYSE:BEN) pays an annual dividend of $1.24 per share and currently has a dividend yield of 5.11%. BEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BEN will have a dividend payout ratio of 43.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BEN.

What is Gregory E. Johnson's approval rating as Franklin Resources' CEO?

486 employees have rated Franklin Resources Chief Executive Officer Gregory E. Johnson on Glassdoor.com. Gregory E. Johnson has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Franklin Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Franklin Resources investors own include AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Coca-Cola (KO), Pfizer (PFE), 3M (MMM), Walgreens Boots Alliance (WBA), Chevron (CVX) and Verizon Communications (VZ).

Who are Franklin Resources' major shareholders?

Franklin Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.82%), Power Corp of Canada (6.00%), Capital Research Global Investors (4.57%), ProShare Advisors LLC (1.22%), Vest Financial LLC (0.26%) and Los Angeles Capital Management LLC (0.17%). Insiders that own company stock include Alok Sethi, Franklin Resources Inc, Gwen L Shaneyfelt, Jed A Plafker, Jennifer M Johnson and Mariann H Byerwalter.
View institutional ownership trends
.

How do I buy shares of Franklin Resources?

Shares of BEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Franklin Resources have any subsidiaries?
The following companies are subsidiares of Franklin Resources: AdvisorEngine, AdvisorEngine Inc., Alumcreek Holdings LLC, Athena Capital Advisors, Balanced Equity Management, Balanced Equity Management Pty. Limited, Benefit Street Partners, Bissett & Associates Investment Management, Brandywine Global Investment Management Europe Limited, CCPF GP Holdco No.2 Limited, CCPF No.2 (GP) Limited, CCPF No.2 LP, CP Industrial Management LLC, CP Intermediate Holdco Inc., CRM Software LLC, Clarion Gramercy (Deutschland) GmbH, Clarion Gramercy (UK) Limited, Clarion Gramercy Limited, Clarion Partners Europe Ltd., Clarion Partners Holdings LLC, Clarion Partners LLC, Clarion Partners Securities LLC, Clarion REIM South America Holdings LLC, Clarion REIM South America Invsetimentos Imobiliarios Ltda, ClearBridge RARE Infrastructure (North America) Pty Limited, ClearBridge RARE Infrastructure International Pty Limited, Darby - Hana Infrastructure Fund Management Co. Ltd., Edinburgh Partners, FT FinTech Holdings LLC, FT Opportunistic Distressed Fund Ltd., FTC Investor Services Inc., FTCI (Cayman) Ltd., FTPE Advisers LLC, Fiduciary International Holding Inc., Fiduciary Investment Management International Inc., Fiduciary Trust (International) Sàrl, Fiduciary Trust Company International, Fiduciary Trust Company International of Pennsylvania, Fiduciary Trust Company of Canada, Fiduciary Trust International LLC, Fiduciary Trust International of California, Fiduciary Trust International of Delaware, Fiduciary Trust International of the South, Franklin Advisers GP LLC, Franklin Advisers Inc., Franklin Advisory Services LLC, Franklin Marketplace Loan GP LLC, Franklin Mutual Advisers LLC, Franklin SystematiQ Advisers LLC, Franklin Templeton Alternative Investments (India) Private Limited, Franklin Templeton Asset Management (India) Private Limited, Franklin Templeton Asset Management (Malaysia) Sdn. Bhd., Franklin Templeton Asset Management Mexico S.A. de C.V. Sociedad Operadora de Fondos de Inversion, Franklin Templeton Austria GmbH, Franklin Templeton Capital Holdings Private Limited, Franklin Templeton Chile SpA. V., Franklin Templeton Companies LLC, Franklin Templeton Digital Advisory Services GmbH, Franklin Templeton Fund Management Limited, Franklin Templeton GSC Asset Management Sdn. Bhd., Franklin Templeton Global Investors Limited, Franklin Templeton Holding Limited, Franklin Templeton International Services (India) Private Limited, Franklin Templeton International Services S.à r.l., Franklin Templeton Investment Management (Shanghai) Limited, Franklin Templeton Investment Management Limited, Franklin Templeton Investment Services GmbH, Franklin Templeton Investment Services Mexico S. de R.L., Franklin Templeton Investment Trust Management Co. Ltd., Franklin Templeton Investments (Asia) Limited, Franklin Templeton Investments (ME) Limited, Franklin Templeton Investments Australia Limited, Franklin Templeton Investments Corp., Franklin Templeton Investments Japan Limited, Franklin Templeton Investments Poland sp. z o.o., Franklin Templeton Investments South Africa (Pty) Ltd, Franklin Templeton Investor Services LLC, Franklin Templeton Investímentos (Brasil) Ltda., Franklin Templeton Luxembourg S.A., Franklin Templeton Magyarorszag Kft., Franklin Templeton Management Luxembourg S.A., Franklin Templeton Overseas Investment Fund Management (Shanghai) Co. Limited, Franklin Templeton Private Equity LLC, Franklin Templeton Services (India) Private Limited, Franklin Templeton Services LLC, Franklin Templeton Servicios de Asesoria Mexico S. de R.L. de C.V., Franklin Templeton Slovakia s.r.o., Franklin Templeton Social Infrastructure GP S.à r.l., Franklin Templeton Strategic Investments Ltd., Franklin Templeton Switzerland Ltd., Franklin Templeton Trustee Services Private Limited, Franklin Templeton Turkey Advisory Services A.S., Franklin Templeton Uruguay S.A., Franklin Venture Partners (Talos Cayman GP) LLC, Franklin Venture Partners LLC, Franklin/Templeton Distributors Inc., ITI Capital Markets Limited, K2 Advisors, LM (BVI) Limited, LM Holdings 2 Limited, LM Holdings Limited, LM International Holding LP, Legg Mason & Co (UK) Limited, Legg Mason & Co. LLC, Legg Mason (Chile) Inversiones Holdings Limitada, Legg Mason Asset Management Australia Limited, Legg Mason Asset Management Hong Kong Limited, Legg Mason Asset Management Singapore Pte. Limited, Legg Mason Australia Holdings Pty Limited, Legg Mason Holding (Switzerland) GmbH, Legg Mason Inc., Legg Mason Investment Funds Limited, Legg Mason Investments (Europe) Limited, Legg Mason Investments (Switzerland) GmbH, Legg Mason Overseas Investment Fund Management (Shanghai) Co. Ltd., Legg Mason Partners Fund Advisor LLC, Legg Mason Royce Holdings LLC, Onsa Inc., RARE IP Trust, RARE Infrastructure Limited, REDROSE Caesar S.à r.l., Random Forest Capital, Random Forest Capital LLC, Rensburg Sheppards plc, Riva Financial Systems Limited, Royce & Associates GP LLC, Royce & Associates LP, Royce Fund Services LLC, Royce Management Company LLC, TSEMF III (Jersey) Limited, TSEMF IV (Jersey) Limited, Templeton Asset Management (Labuan) Limited, Templeton Asset Management (Poland) TFI S.A., Templeton Asset Management Ltd., Templeton Global Advisors Limited, Templeton Global Holdings Ltd., Templeton International Inc., Templeton Investment Counsel LLC, Templeton Restructured Investments III Ltd., Templeton Restructured Investments IV Ltd., Templeton Restructured Investments L.L.C., Templeton Turkey Fund GP Ltd., Templeton Worldwide Inc., Templeton do Brasil Ltda., Templeton/Franklin Investment Services Inc., WHITEROSE Caesar S.à r.l., Western Asset Holdings (Australia) Pty Ltd, Western Asset Management (Brazil) Holdings Limitada, Western Asset Management (Cayman) Holdings Limited, Western Asset Management Company Distribuidora de Titulos e Valores Mobiliarios Limitada, Western Asset Management Company LLC, Western Asset Management Company Limited, Western Asset Management Company Pte Ltd., Western Asset Management Company Pty Ltd, and Winfield & Company.
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This page (NYSE:BEN) was last updated on 5/21/2024 by MarketBeat.com Staff

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