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

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

Franklin Resources declared a quarterly dividend on Thursday, December 12th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.27 per share on Friday, January 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Franklin Resources's previous quarterly dividend of $0.26. View Franklin Resources' Dividend History.

Franklin Resources announced that its board has authorized a share buyback plan on Thursday, April 12th 2018, which permits the company to buyback 80,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

Franklin Resources, Inc. (NYSE:BEN) announced its earnings results on Friday, October, 25th. The closed-end fund reported $0.61 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.03. The closed-end fund had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.46 billion. Franklin Resources had a return on equity of 12.28% and a net margin of 20.71%. The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. View Franklin Resources' Earnings History.

Franklin Resources is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Franklin Resources.

Franklin Resources will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

11 brokerages have issued twelve-month price objectives for Franklin Resources' shares. Their forecasts range from $16.00 to $37.00. On average, they anticipate Franklin Resources' stock price to reach $27.70 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Franklin Resources.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 7 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Franklin Resources.

News articles about BEN stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Franklin Resources earned a news impact score of 0.8 on InfoTrie's scale. They also assigned news coverage about the closed-end fund a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Franklin Resources.

Franklin Resources saw a increase in short interest in January. As of January 15th, there was short interest totalling 28,050,000 shares, an increase of 5.8% from the December 31st total of 26,510,000 shares. Based on an average trading volume of 3,250,000 shares, the short-interest ratio is presently 8.6 days. Currently, 10.1% of the company's shares are sold short. View Franklin Resources' Current Options Chain.

Some companies that are related to Franklin Resources include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), SEI Investments (SEIC), Invesco (IVZ), Ares Capital (ARCC), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII), Legg Mason (LM) and Main Street Capital (MAIN).

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

Franklin Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.23%), Exchange Traded Concepts LLC (0.17%), California Public Employees Retirement System (0.13%), Foundation Resource Management Inc. (0.08%), New York State Teachers Retirement System (0.07%) and CWM LLC (0.06%). Company insiders that own Franklin Resources stock include Craig Steven Tyle, Jed A Plafker 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 Foundation Resource Management Inc., California Public Employees Retirement System, CWM LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, SG Americas Securities LLC, State of Alaska Department of Revenue, Nisa Investment Advisors LLC and Strs Ohio. View Insider Buying and Selling for Franklin Resources.

BEN stock was bought by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Wedge Capital Management L L P NC, Alpine Global Management LLC, Janney Montgomery Scott LLC, Commerzbank Aktiengesellschaft FI, Sumitomo Mitsui DS Asset Management Company Ltd, New England Research & Management Inc. and Uncommon Cents Investing LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of BEN stock can currently be purchased for approximately $25.09.

Franklin Resources has a market capitalization of $12.52 billion and generates $5.77 billion in revenue each year. The closed-end fund earns $1.20 billion in net income (profit) each year or $2.52 on an earnings per share basis. Franklin Resources employs 9,600 workers across the globe.View Additional Information About Franklin Resources.

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]