Franklin Resources Stock Price, News & Analysis (NYSE:BEN)

Question

Should I buy or sell Franklin Resources stock right now?

Answer 1

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last twelve months. There are currently 6 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong sell" BEN shares.
View BEN analyst ratings or view top-rated stocks.

Answer 2

9 brokers have issued 1 year price objectives for Franklin Resources' stock. Their BEN share price targets range from $21.00 to $27.00. On average, they expect the company's share price to reach $24.75 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
View analysts price targets for BEN or view top-rated stocks among Wall Street analysts.

Answer 3

Franklin Resources' stock was trading at $26.38 at the start of the year. Since then, BEN stock has decreased by 2.8% and is now trading at $25.63.
View the best growth stocks for 2023 here.

Answer 4

Franklin Resources saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 15,300,000 shares, an increase of 6.1% from the October 15th total of 14,420,000 shares. Based on an average trading volume of 2,850,000 shares, the short-interest ratio is presently 5.4 days. Approximately 5.3% of the shares of the stock are short sold.
View Franklin Resources' Short Interest.

Answer 5

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our BEN earnings forecast.

Answer 6

Franklin Resources, Inc. (NYSE:BEN) issued its quarterly earnings results on Tuesday, October, 31st. The closed-end fund reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.24. The closed-end fund earned $1.99 billion during the quarter, compared to the consensus estimate of $1.50 billion. Franklin Resources had a trailing twelve-month return on equity of 10.64% and a net margin of 11.25%. Franklin Resources's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS.
Read the conference call transcript.

Answer 7

Franklin Resources announced a quarterly dividend on Wednesday, September 6th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.30 per share on Friday, October 13th. This represents a $1.20 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for BEN.

Answer 8

Franklin Resources (NYSE:BEN) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.84%. BEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 43 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BEN will have a dividend payout ratio of 44.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BEN.

Answer 9

ETFs with the largest weight of Franklin Resources (NYSE:BEN) stock in their portfolio include Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), ALPS Sector Dividend Dogs ETF (SDOG), Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares Russell US Dividend Growers ETF (TMDV), SPDR S&P Capital Markets ETF (KCE) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

Answer 10

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.

Answer 11

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).

Answer 12

Franklin Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Clarkston Capital Partners LLC (1.39%), Invesco Ltd. (1.32%), Morgan Stanley (0.78%), Bank of New York Mellon Corp (0.63%), Northern Trust Corp (0.61%) and Royal Bank of Canada (0.53%). Insiders that own company stock include Alok Sethi, Franklin Resources Inc, Gwen L Shaneyfelt, Gwen L Shaneyfelt, Jed A Plafker, Jed A Plafker, Jennifer M Johnson and Mariann H Byerwalter.
View institutional ownership trends.

Answer 13

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

Answer 14

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.

Franklin Resources Stock Price, News & Analysis (NYSE:BEN)

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