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 Wednesday, February 13th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.26 per share on Friday, April 12th. This represents a $1.04 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, March 28th. View Franklin Resources' Dividend History.

Franklin Resources declared that its board has approved a stock buyback plan on Thursday, April 12th 2018, which authorizes the company to repurchase 80,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Franklin Resources, Inc. (NYSE:BEN) announced its quarterly earnings data on Wednesday, January, 30th. The closed-end fund reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by $0.10. The closed-end fund had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion. Franklin Resources had a net margin of 26.55% and a return on equity of 15.01%. Franklin Resources's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. View Franklin Resources' Earnings History.

Franklin Resources is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Franklin Resources.

12 analysts have issued 1 year price objectives for Franklin Resources' stock. Their forecasts range from $23.00 to $37.00. On average, they anticipate Franklin Resources' share price to reach $29.4718 in the next twelve months. This suggests that the stock has a possible downside of 9.2%. View Analyst Price Targets for Franklin Resources.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 7 sell ratings and 5 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Franklin Resources.

Headlines about BEN stock have been trending positive on Tuesday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press 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 -5 to 5, with scores closest to five being the most favorable. Franklin Resources earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned news headlines about the closed-end fund a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the near 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), Apollo Global Management (APO), Affiliated Managers Group (AMG), Morningstar (MORN), Eaton Vance (EV), Lazard (LAZ), Janus Henderson Group (JHG), Evercore (EVR), Houlihan Lokey (HLI) and AllianceBernstein (AB).

Franklin Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.54%), Pzena Investment Management LLC (1.84%), Kiltearn Partners LLP (1.66%), Bank of America Corp DE (1.32%), Massachusetts Financial Services Co. MA (1.12%) and Bank of New York Mellon Corp (0.96%). 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., California Public Employees Retirement System, Prudential Financial Inc., Bank of Montreal Can, Wedge Capital Management L L P NC, Jolley Asset Management LLC and Standard Life Aberdeen plc. Company insiders that have sold Franklin Resources company stock in the last year include Craig Steven Tyle, 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 Bank of America Corp DE, London Co. of Virginia, Oregon Public Employees Retirement Fund, O Shaughnessy Asset Management LLC, BlackRock Inc., WINTON GROUP Ltd, Bank of New York Mellon Corp and Pzena Investment Management 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, Scottrade, Fidelity and Charles Schwab.

One share of BEN stock can currently be purchased for approximately $32.45.

Franklin Resources has a market capitalization of $16.53 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]