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, June 12th. Shareholders of record on Friday, June 29th will be given a dividend of $0.23 per share on Friday, July 13th. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, June 28th. View Franklin Resources' Dividend History.

Franklin Resources declared that its Board of Directors has initiated a share repurchase program on Thursday, April 12th 2018, which permits the company to repurchase 80,000,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Franklin Resources, Inc. (NYSE:BEN) announced its quarterly earnings results on Friday, July, 27th. The closed-end fund reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. The closed-end fund had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.57 billion. Franklin Resources had a net margin of 10.72% and a return on equity of 15.40%. The business's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. View Franklin Resources' Earnings History.

Franklin Resources is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Franklin Resources.

10 brokerages have issued 12-month target prices for Franklin Resources' stock. Their forecasts range from $30.00 to $48.00. On average, they anticipate Franklin Resources' share price to reach $36.90 in the next year. This suggests a possible upside of 12.8% 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 3 sell ratings and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Franklin Resources.

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

News articles about BEN stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franklin Resources earned a news impact score of 0.13 on Accern's scale. They also gave news stories about the closed-end fund an impact score of 47.89 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Franklin Resources.

Franklin Resources' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.67%), Massachusetts Financial Services Co. MA (2.03%), Pzena Investment Management LLC (2.00%), Diamond Hill Capital Management Inc. (0.74%), Schroder Investment Management Group (0.72%) and Bank of New York Mellon Corp (0.65%). 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, FMR LLC, Los Angeles Capital Management & Equity Research Inc., Fenimore Asset Management Inc., Millennium Management LLC, BNP Paribas Arbitrage SA, Bridgewater Associates LP and First Trust Advisors LP. Company insiders that have sold Franklin Resources company stock in the last year include 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 Morgan Stanley, Schroder Investment Management Group, Renaissance Technologies LLC, Van ECK Associates Corp, MUFG Securities EMEA plc, Hutchinson Capital Management CA, Foundation Resource Management Inc. and American Century Companies Inc.. 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 $32.72.

Franklin Resources has a market capitalization of $16.91 billion and generates $6.39 billion in revenue each year. The closed-end fund earns $1.70 billion in net income (profit) each year or $3.01 on an earnings per share basis. Franklin Resources employs 9,400 workers across the globe.

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]