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

$25.74
-0.02 (-0.08 %)
(As of 01/19/2020 06:47 AM ET)
Today's Range
$25.59
Now: $25.74
$25.93
50-Day Range
$25.02
MA: $26.04
$27.49
52-Week Range
$24.73
Now: $25.74
$35.82
Volume2.72 million shs
Average Volume3.00 million shs
Market Capitalization$12.85 billion
P/E Ratio10.95
Dividend Yield4.19%
Beta1.2
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 Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP35461310
Phone650-312-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.77 billion
Cash Flow$2.90 per share
Book Value$21.09 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Employees9,600
Market Cap$12.85 billion
Next Earnings Date1/29/2020 (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 announced a quarterly dividend on Thursday, December 12th. Investors of record on Tuesday, December 31st will be given a dividend of $0.27 per share on Friday, January 10th. This represents a $1.08 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Franklin Resources's previous quarterly dividend of $0.26. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 12th 2018, which allows the company to repurchase 80,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) posted its earnings results on Friday, October, 25th. The closed-end fund reported $0.61 EPS for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.03. The closed-end fund earned $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Franklin Resources had a net margin of 20.71% and a return on equity of 12.28%. The business's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. 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 29th 2020. View Earnings Estimates for Franklin Resources.

What price target have analysts set for BEN?

11 brokerages have issued twelve-month price objectives for Franklin Resources' shares. Their forecasts range from $16.00 to $37.00. On average, they expect Franklin Resources' share price to reach $27.70 in the next year. This suggests a possible upside of 7.6% 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 7 sell ratings and 4 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?

News headlines about BEN stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Franklin Resources earned a news impact score of -1.7 on InfoTrie's scale. They also gave media stories about the closed-end fund a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock'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 during the month of December. As of December 31st, there was short interest totalling 28,050,000 shares, an increase of 5.8% from the December 15th total of 26,510,000 shares. Based on an average trading volume of 3,290,000 shares, the days-to-cover ratio is currently 8.5 days. Currently, 10.1% of the shares of the company 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 AT&T (T), Exxon Mobil (XOM), Procter & Gamble (PG), AbbVie (ABBV), Walmart (WMT), Chevron (CVX), General Electric (GE), Johnson & Johnson (JNJ), The Coca-Cola (KO) and 3M (MMM).

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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.23%), Foundation Resource Management Inc. (0.08%), O Keefe Stevens Advisory Inc. (0.04%), O Keefe Stevens Advisory Inc. (0.03%), RK Asset Management LLC (0.03%) and Nisa Investment Advisors LLC (0.03%). 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 major investors are selling Franklin Resources stock?

BEN stock was sold by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, O Keefe Stevens Advisory Inc., O Keefe Stevens Advisory Inc., Huntington National Bank and Inlet Private Wealth LLC. 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 Wedge Capital Management L L P NC, Alpine Global Management LLC, Commerzbank Aktiengesellschaft FI, New England Research & Management Inc., Uncommon Cents Investing LLC, LFA Lugano Financial Advisors SA, DNB Asset Management AS and Assenagon Asset Management S.A.. 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 $25.74.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $12.85 billion and generates $5.77 billion in revenue each year. The closed-end fund earns $1.20 billion in net income (profit) each year or $2.52 on an earnings per share basis. Franklin Resources employs 9,600 workers across the globe.View Additional Information About Franklin Resources.

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:  415 (Vote Outperform)
Underperform Votes:  1,084 (Vote Underperform)
Total Votes:  1,499
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 1/19/2020 by MarketBeat.com Staff

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