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

$25.20
-0.47 (-1.83 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$24.99
Now: $25.20
$25.48
50-Day Range
$24.21
MA: $25.31
$26.31
52-Week Range
$23.96
Now: $25.20
$35.82
Volume4.96 million shs
Average Volume4.62 million shs
Market Capitalization$12.52 billion
P/E Ratio10.04
Dividend Yield4.21%
Beta1.19
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$2.88 per share
Book Value$21.80 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Employees9,600
Market Cap$12.52 billion
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. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.27 per share on Monday, April 13th. This represents a $1.08 annualized dividend and a dividend yield of 4.29%. 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 authorized a stock buyback plan on Thursday, April 12th 2018, which allows the company to buyback 80,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) released its quarterly earnings results on Thursday, January, 30th. The closed-end fund reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.03. The closed-end fund had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Franklin Resources had a return on equity of 12.76% and a net margin of 21.99%. Franklin Resources's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business 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?

12 Wall Street analysts have issued twelve-month price objectives for Franklin Resources' shares. Their forecasts range from $24.00 to $32.00. On average, they expect Franklin Resources' share price to reach $27.36 in the next year. This suggests a possible upside of 8.6% from the stock's current price. 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 5 sell ratings and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Franklin Resources.

Has Franklin Resources been receiving favorable news coverage?

News coverage about BEN stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Franklin Resources earned a daily sentiment score of -3.5 on InfoTrie's scale. They also gave news articles 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 company's share price in the near term. View News Stories for Franklin Resources.

Are investors shorting Franklin Resources?

Franklin Resources saw a increase in short interest during 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 daily volume of 3,270,000 shares, the short-interest ratio is currently 9.7 days. Approximately 11.3% of the shares of the company 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 AbbVie (ABBV), Exxon Mobil (XOM), AT&T (T), Pfizer (PFE), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), General Electric (GE), The Coca-Cola (KO), Procter & Gamble (PG) and Chevron (CVX).

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 number of of retail and institutional investors. Top institutional investors 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%), Geode Capital Management LLC (0.87%) and ProShare Advisors LLC (0.80%). 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 Bank of America Corp DE, Janus Henderson Group PLC, First Trust Advisors LP, Kiltearn Partners LLP, AQR Capital Management LLC, Schroder Investment Management Group, Great West Life Assurance Co. Can and Korea Investment CORP. View Insider Buying and Selling for Franklin Resources.

Which major investors are buying Franklin Resources stock?

BEN stock was acquired 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, Man Group plc and UBS Group AG. 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 $25.20.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $12.52 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:  425 (Vote Outperform)
Underperform Votes:  1,100 (Vote Underperform)
Total Votes:  1,525
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 2/22/2020 by MarketBeat.com Staff

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