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Franklin Resources Stock Price, News & Analysis (NYSE:BEN)

$27.32
+0.79 (+2.98 %)
(As of 10/13/2019 04:00 PM ET)
Today's Range
$27.09
Now: $27.32
$27.83
50-Day Range
$25.91
MA: $27.68
$29.91
52-Week Range
$25.57
Now: $27.32
$35.82
Volume3.90 million shs
Average Volume2.88 million shs
Market Capitalization$13.76 billion
P/E Ratio8.56
Dividend Yield3.92%
Beta1.24
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$6.32 billion
Cash Flow$3.69 per share
Book Value$19.37 per share

Profitability

Net Income$764.40 million

Miscellaneous

Employees9,700
Market Cap$13.76 billion
Next Earnings Date10/24/2019 (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, September 5th. Shareholders of record on Monday, September 30th will be given a dividend of $0.26 per share on Friday, October 11th. This represents a $1.04 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, September 27th. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources announced that its board has approved a share buyback program 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) announced its quarterly earnings data on Tuesday, July, 30th. The closed-end fund reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.63 by $0.15. The closed-end fund earned $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Franklin Resources had a net margin of 23.80% and a return on equity of 13.43%. Franklin Resources's quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $0.75 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, October 24th 2019. View Earnings Estimates for Franklin Resources.

What price target have analysts set for BEN?

11 Wall Street analysts have issued 12 month target prices for Franklin Resources' stock. Their predictions range from $16.00 to $37.00. On average, they expect Franklin Resources' stock price to reach $28.56 in the next twelve months. This suggests a possible upside of 4.5% 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 coverage about BEN stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Franklin Resources earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave media headlines about the closed-end fund a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Franklin Resources.

Are investors shorting Franklin Resources?

Franklin Resources saw a decline in short interest during the month of September. As of September 15th, there was short interest totalling 26,100,000 shares, a decline of 5.6% from the August 15th total of 27,640,000 shares. Based on an average trading volume of 3,150,000 shares, the short-interest ratio is currently 8.3 days. Approximately 9.5% of the shares of the stock are short sold. 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 General Electric (GE), Procter & Gamble (PG), Walmart (WMT), Bank of America (BAC), Johnson & Johnson (JNJ), 3M (MMM), AT&T (T), Exxon Mobil (XOM), The Coca-Cola (KO) and Walt Disney (DIS).

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 a variety of of institutional and retail investors. Top institutional shareholders include Foundation Resource Management Inc. (0.10%), O Keefe Stevens Advisory Inc. (0.04%), RK Asset Management LLC (0.03%), State of Alaska Department of Revenue (0.03%), Douglass Winthrop Advisors LLC (0.02%) and Denali Advisors LLC (0.02%). Company insiders that own Franklin Resources stock include Craig Steven Tyle, Gregory E Johnson, 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 Denali Advisors LLC, Carroll Financial Associates Inc., RK Asset Management LLC, Indiana Trust & Investment Management CO, Crossmark Global Holdings Inc., Douglass Winthrop Advisors LLC and TIAA FSB. Company insiders that have sold Franklin Resources company stock in the last year include Craig Steven Tyle and Rupert H Johnson Jr. View Insider Buying and Selling for Franklin Resources.

Which institutional investors are buying Franklin Resources stock?

BEN stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Alpha Windward LLC, Foundation Resource Management Inc., Pacer Advisors Inc., Cerebellum GP LLC, Cerebellum GP LLC, O Keefe Stevens Advisory Inc. and Landmark Bank. 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 $27.32.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $13.76 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.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:  407 (Vote Outperform)
Underperform Votes:  1,062 (Vote Underperform)
Total Votes:  1,469
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 10/13/2019 by MarketBeat.com Staff

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