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

$24.36
+0.15 (+0.62 %)
(As of 02/16/2020 04:00 PM ET)
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Today's Range
$23.96
Now: $24.36
$24.40
50-Day Range
$24.21
MA: $25.48
$26.33
52-Week Range
$23.96
Now: $24.36
$35.82
Volume3.61 million shs
Average VolumeN/A
Market CapitalizationN/A
P/E Ratio9.71
Dividend YieldN/A
BetaN/A
Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustryAsset Management & Custody Banks
SectorN/A
CUSIP35461310
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees9,600
Next Earnings Date4/24/2020 (Estimated)
OptionableOptionable

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Franklin Resources (NYSE:BEN) Frequently Asked Questions

What is Franklin Resources' stock symbol?

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

How often does Franklin Resources pay dividends? What is the dividend yield for Franklin Resources?

Franklin Resources declared a quarterly dividend on Tuesday, February 11th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.27 per share on Monday, April 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Monday, March 30th. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources announced that its board has approved a stock buyback program 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. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) announced its earnings results on Thursday, January, 30th. The closed-end fund reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.03. The closed-end fund earned $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. The business's revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. View Franklin Resources' Earnings History.

When is Franklin Resources' next earnings date?

Franklin Resources is scheduled to release their next quarterly earnings announcement on Friday, April 24th 2020. View Earnings Estimates for Franklin Resources.

What price target have analysts set for BEN?

11 brokerages have issued 12 month target prices for Franklin Resources' stock. Their forecasts range from $16.00 to $37.00. On average, they anticipate Franklin Resources' share price to reach $27.20 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price. View Analyst Price Targets for Franklin Resources.

What is the consensus analysts' recommendation for Franklin Resources?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 6 sell ratings and 5 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Franklin Resources.

Has Franklin Resources been receiving favorable news coverage?

Media stories about BEN stock have trended neutral recently, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Franklin Resources earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news articles about the closed-end fund a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Franklin Resources.

Are investors shorting Franklin Resources?

Franklin Resources saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 31,620,000 shares, an increase of 12.7% from the January 15th total of 28,050,000 shares. Based on an average trading volume of 3,270,000 shares, the short-interest ratio is presently 9.7 days. Approximately 11.3% of the company's shares are sold short. View Franklin Resources' Current Options Chain.

Who are some of Franklin Resources' key competitors?

What other stocks do shareholders of Franklin Resources own?

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), Pfizer (PFE), Procter & Gamble (PG), Walgreens Boots Alliance (WBA), Chevron (CVX), Johnson & Johnson (JNJ), Philip Morris International (PM) and Verizon Communications (VZ).

Who are Franklin Resources' key executives?

Franklin Resources' management team includes the folowing people:
  • Mr. Gregory Eugene Johnson CPA, Chairman & CEO (Age 58)
  • Ms. Jennifer M. Johnson, Pres & COO (Age 55)
  • Mr. Kenneth Allan Lewis, Exec. VP & CFO (Age 58)
  • Mr. Craig Steven Tyle, Exec. VP & Gen. Counsel (Age 59)
  • Mr. Jed Andrew Plafker J.D., Sr. VP (Age 48)

Who are Franklin Resources' major shareholders?

Franklin Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.93%), Bank of America Corp DE (1.15%), Kiltearn Partners LLP (1.07%), Bank of New York Mellon Corp (0.93%), ProShare Advisors LLC (0.80%) and First Trust Advisors LP (0.66%). 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.

Which institutional investors are selling Franklin Resources stock?

BEN stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, First Trust Advisors LP, Kiltearn Partners LLP, AQR Capital Management LLC, Schroder Investment Management Group, Great West Life Assurance Co. Can, Korea Investment CORP and Candriam Luxembourg S.C.A.. View Insider Buying and Selling for Franklin Resources.

Which institutional investors are buying Franklin Resources stock?

BEN stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, ProShare Advisors LLC, Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Exchange Traded Concepts LLC, Investec Asset Management LTD, UBS Group AG and Keystone Financial Planning Inc.. View Insider Buying and Selling for Franklin Resources.

How do I buy shares of 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.

What is Franklin Resources' stock price today?

One share of BEN stock can currently be purchased for approximately $24.36.


MarketBeat Community Rating for Franklin Resources (NYSE BEN)

Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  425 (Vote Outperform)
Underperform Votes:  1,097 (Vote Underperform)
Total Votes:  1,522
MarketBeat's community ratings are surveys of what our community members think about Franklin Resources and other stocks. Vote "Outperform" if you believe BEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2020 by MarketBeat.com Staff

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