NYSE:BEN - Franklin Resources Stock Price, News, & Analysis

Franklin Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "BEN."

Franklin Resources declared a quarterly dividend on Tuesday, August 28th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.23 per share on Friday, October 12th. This represents a $0.92 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 27th. View Franklin Resources' Dividend History.

Franklin Resources declared that its board has initiated a stock buyback plan on Thursday, April 12th 2018, which permits the company to repurchase 80,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Franklin Resources, Inc. (NYSE:BEN) posted its quarterly earnings data on Thursday, October, 25th. The closed-end fund reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.39. The closed-end fund earned $1.53 billion during the quarter, compared to the consensus estimate of $1.55 billion. Franklin Resources had a return on equity of 16.26% and a net margin of 12.10%. View Franklin Resources' Earnings History.

Franklin Resources is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for Franklin Resources.

10 equities research analysts have issued 1-year target prices for Franklin Resources' shares. Their predictions range from $26.00 to $47.00. On average, they expect Franklin Resources' stock price to reach $32.70 in the next year. This suggests a possible upside of 2.3% from the stock's current price. View Analyst Price Targets for Franklin Resources.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 4 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Franklin Resources.

Press coverage about BEN stock has trended very positive on Monday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Franklin Resources earned a news impact score of 3.9 on InfoTrie's scale. They also assigned news coverage about the closed-end fund a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Some companies that are related to Franklin Resources include Blackstone Group (BX), LEG & GEN GRP P/S (LGGNY), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Affiliated Managers Group (AMG), Apollo Global Management (APO), Morningstar (MORN), Lazard (LAZ), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), MAN GRP PLC/ADR (MNGPY) and AllianceBernstein (AB).

Franklin Resources' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.37%), BlackRock Inc. (4.27%), Abrams Capital Management L.P. (1.89%), Pzena Investment Management LLC (1.70%), Kiltearn Partners LLP (1.53%) and Massachusetts Financial Services Co. MA (1.42%). Company insiders that own Franklin Resources stock include Craig Steven Tyle, Gregory E Johnson, Jed A Plafker, Jennifer M Johnson, Kenneth A Lewis and Rupert H Johnson Jr. View Institutional Ownership Trends for Franklin Resources.

BEN stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Diamond Hill Capital Management Inc., BlackRock Inc., Pzena Investment Management LLC, Skandinaviska Enskilda Banken AB publ, Morgan Stanley, Prudential Financial Inc. and Mitsubishi UFJ Trust & Banking Corp. Company insiders that have sold Franklin Resources company stock in the last year include Craig Steven Tyle, Gregory E Johnson, Jed A Plafker and Rupert H Johnson Jr. View Insider Buying and Selling for Franklin Resources.

BEN stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Fiduciary Management Inc. WI, Abrams Capital Management L.P., Bank of New York Mellon Corp, St. James Investment Company LLC, Renaissance Technologies LLC, Cornerstone Wealth Management LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Franklin Resources.

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

One share of BEN stock can currently be purchased for approximately $31.95.

Franklin Resources has a market capitalization of $16.54 billion and generates $6.32 billion in revenue each year. The closed-end fund earns $764.40 million in net income (profit) each year or $3.19 on an earnings per share basis. Franklin Resources employs 9,700 workers across the globe.

The official website for Franklin Resources is http://www.franklinresources.com.

Franklin Resources' mailing address is ONE FRANKLIN PARKWAY, SAN MATEO CA, 94403. The closed-end fund can be reached via phone at 650-312-2000 or via email at [email protected]