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

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$31.06 -0.28 (-0.89 %)
(As of 01/23/2019 04:00 PM ET)
Previous Close$31.34
Today's Range$30.77 - $31.45
52-Week Range$27.34 - $45.96
Volume2.43 million shs
Average Volume3.02 million shs
Market Capitalization$15.91 billion
P/E Ratio9.74
Dividend Yield3.30%
Beta1.26
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. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

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Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP35461310
Phone650-312-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.32 billion
Cash Flow$3.5336 per share
Book Value$19.37 per share

Profitability

Net Income$764.40 million

Miscellaneous

Employees9,700
Market Cap$15.91 billion
OptionableOptionable

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 announced a quarterly dividend on Tuesday, December 11th. Investors of record on Monday, December 31st will be paid a dividend of $0.26 per share on Friday, January 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Franklin Resources's previous quarterly dividend of $0.23. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources declared that its board has initiated a share repurchase plan 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 purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) posted its earnings results on Thursday, October, 25th. The closed-end fund reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $0.39. The closed-end fund had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.55 billion. Franklin Resources had a return on equity of 16.26% and a net margin of 12.10%. View Franklin Resources' Earnings History.

When is Franklin Resources' next earnings date?

Franklin Resources is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Franklin Resources.

How can I listen to Franklin Resources' earnings call?

Franklin Resources will be holding an earnings conference call on Wednesday, January 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774078293.

What price target have analysts set for BEN?

12 brokers have issued 1-year price targets for Franklin Resources' shares. Their predictions range from $23.00 to $37.00. On average, they expect Franklin Resources' share price to reach $29.5627 in the next year. This suggests that the stock has a possible downside of 4.8%. View Analyst Price Targets for Franklin Resources.

What is the consensus analysts' recommendation 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.

Has Franklin Resources been receiving favorable news coverage?

Media coverage about BEN stock has trended very positive recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Franklin Resources earned a media sentiment score of 3.7 on InfoTrie's scale. They also gave news coverage about the closed-end fund a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Are investors shorting Franklin Resources?

Franklin Resources saw a increase in short interest during the month of December. As of December 14th, there was short interest totalling 22,723,538 shares, an increase of 24.6% from the November 30th total of 18,243,286 shares. Based on an average daily trading volume, of 5,115,654 shares, the days-to-cover ratio is currently 4.4 days. Currently, 7.8% of the shares of the company are short sold. View Franklin Resources' Current Options Chain.

Who are some of Franklin Resources' key competitors?

Who are Franklin Resources' key executives?

Franklin Resources' management team includes the folowing people:
  • Mr. Gregory Eugene Johnson CPA, Chairman & CEO (Age 57)
  • Ms. Jennifer M. Johnson, Pres & COO (Age 54)
  • Mr. Kenneth Allan Lewis, Exec. VP & CFO (Age 57)
  • Mr. Craig Steven Tyle, Exec. VP & Gen. Counsel (Age 58)
  • Mr. Jed Andrew Plafker J.D., Sr. VP (Age 47)

Who are Franklin Resources' major shareholders?

Franklin Resources' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Foundation Resource Management Inc. (0.10%), Denali Advisors LLC (0.09%), Fenimore Asset Management Inc. (0.08%), Bank of Montreal Can (0.05%), DNB Asset Management AS (0.03%) and RK Asset Management LLC (0.03%). 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.

Which major investors are selling Franklin Resources stock?

BEN stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Trust Department MB Financial Bank N A, DNB Asset Management AS, Gulf International Bank UK Ltd, Nisa Investment Advisors LLC, Beacon Financial Group, Denali Advisors LLC and Fenimore Asset Management Inc.. 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.

Which major investors are buying Franklin Resources stock?

BEN stock was bought by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc., Landmark Bank, Assenagon Asset Management S.A., Boenning & Scattergood Inc., Carroll Financial Associates Inc., Clean Yield Group, IFM Investors Pty Ltd and Alpha Omega Wealth Management LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Franklin Resources' stock price today?

One share of BEN stock can currently be purchased for approximately $31.06.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $15.91 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.

What is Franklin Resources' official website?

The official website for Franklin Resources is http://www.franklinresources.com.

How can I contact Franklin Resources?

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]


MarketBeat Community Rating for Franklin Resources (NYSE BEN)

Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  381 (Vote Outperform)
Underperform Votes:  998 (Vote Underperform)
Total Votes:  1,379
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 1/23/2019 by MarketBeat.com Staff

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