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

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$32.10 -1.08 (-3.25 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$32.10
Today's Range$31.7250 - $32.95
52-Week Range$27.34 - $38.46
Volume2.82 million shs
Average Volume2.94 million shs
Market Capitalization$16.36 billion
P/E Ratio10.06
Dividend Yield3.24%
Beta1.17
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$3.5866 per share
Book Value$19.37 per share

Profitability

Net Income$764.40 million

Miscellaneous

Employees9,700
Market Cap$16.36 billion
Next Earnings Date4/25/2019 (Estimated)
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 declared a quarterly dividend on Wednesday, February 13th. Shareholders of record on Friday, March 29th will be given 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 3.24%. The ex-dividend date is Thursday, March 28th. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources announced that its Board of Directors has approved a share buyback plan on Thursday, April 12th 2018, which authorizes the company to repurchase 80,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) announced its earnings results on Wednesday, January, 30th. The closed-end fund reported $0.54 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.64 by $0.10. The closed-end fund had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. Franklin Resources had a return on equity of 15.01% and a net margin of 26.55%. The company's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.88 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 Thursday, April 25th 2019. View Earnings Estimates for Franklin Resources.

What price target have analysts set for BEN?

12 brokers have issued 1 year price targets for Franklin Resources' stock. Their forecasts range from $23.00 to $37.00. On average, they anticipate Franklin Resources' stock price to reach $29.7658 in the next year. This suggests that the stock has a possible downside of 7.3%. 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?

Headlines about BEN stock have been trending neutral on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Franklin Resources earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave media headlines about the closed-end fund a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the next few days.

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 General Electric (GE), Procter & Gamble (PG), Exxon Mobil (XOM), The Coca-Cola (KO), Johnson & Johnson (JNJ), Walmart (WMT), AT&T (T), QUALCOMM (QCOM), Starbucks (SBUX) and Pfizer (PFE).

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 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, 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 Massachusetts Financial Services Co. MA, Diamond Hill Capital Management Inc., California Public Employees Retirement System, Nordea Investment Management AB, Prudential Financial Inc., Bank of Montreal Can, Wedge Capital Management L L P NC and Jolley Asset Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including Bank of America Corp DE, London Co. of Virginia, Norges Bank, Oregon Public Employees Retirement Fund, O Shaughnessy Asset Management LLC, BlackRock Inc., WINTON GROUP Ltd and Bank of New York Mellon Corp. 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 $32.10.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $16.36 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:  387 (Vote Outperform)
Underperform Votes:  1,017 (Vote Underperform)
Total Votes:  1,404
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 3/24/2019 by MarketBeat.com Staff

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