S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:BEN

Franklin Resources - BEN Stock Forecast, Price & News

$27.65
+0.02 (+0.07%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.29
$27.94
50-Day Range
$23.07
$27.94
52-Week Range
$22.61
$38.27
Volume
1.57 million shs
Average Volume
3.10 million shs
Market Capitalization
$13.78 billion
P/E Ratio
8.23
Dividend Yield
4.20%
Price Target
$26.38

Franklin Resources MarketRank™ Forecast

Analyst Rating
Hold
1.63 Rating Score
Upside/​Downside
4.6% Downside
$26.38 Price Target
Short Interest
Healthy
6.13% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
0.48mentions of Franklin Resources in the last 14 days
Based on 21 Articles This Week
Insider Trading
Acquiring Shares
$29.87 M Bought Last Quarter
Proj. Earnings Growth
-14.48%
From $3.59 to $3.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Finance Sector

558th out of 1,176 stocks

Investment Advice Industry

31st out of 54 stocks

BEN stock logo

About Franklin Resources (NYSE:BEN) Stock

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.

Franklin Resources Trading Up 0.1 %

NYSE:BEN traded up $0.02 during trading hours on Friday, reaching $27.65. The company had a trading volume of 1,568,010 shares, compared to its average volume of 3,102,584. The stock has a 50-day moving average of $25.12 and a 200 day moving average of $26.97. Franklin Resources has a 1-year low of $22.61 and a 1-year high of $38.27. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $13.78 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 4.87 and a beta of 1.20.

Franklin Resources (NYSE:BEN - Get Rating) last posted its earnings results on Thursday, July 28th. The closed-end fund reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.09. Franklin Resources had a net margin of 20.25% and a return on equity of 17.37%. The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Franklin Resources's revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Franklin Resources will post 3.59 earnings per share for the current fiscal year.

Franklin Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.16 annualized dividend and a dividend yield of 4.20%. Franklin Resources's dividend payout ratio is presently 34.52%.

Analyst Ratings Changes

Several brokerages recently issued reports on BEN. Keefe, Bruyette & Woods lowered Franklin Resources from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $28.00 to $22.00 in a research report on Tuesday, June 28th. Citigroup lowered shares of Franklin Resources from a "buy" rating to a "neutral" rating and cut their price target for the stock from $44.50 to $28.00 in a report on Tuesday, April 12th. UBS Group boosted their price target on shares of Franklin Resources from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, August 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Franklin Resources from $28.00 to $25.00 in a report on Thursday, May 19th. Finally, Morgan Stanley dropped their target price on shares of Franklin Resources from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, June 30th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $26.38.

Insider Transactions at Franklin Resources

In other Franklin Resources news, insider Franklin Resources Inc purchased 56,900 shares of Franklin Resources stock in a transaction dated Friday, July 1st. The shares were acquired at an average price of $4.45 per share, with a total value of $253,205.00. Following the completion of the transaction, the insider now owns 56,900 shares of the company's stock, valued at $253,205. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Franklin Resources news, Director Mariann H. Byerwalter sold 3,135 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $23.37, for a total value of $73,264.95. Following the transaction, the director now directly owns 11,523 shares in the company, valued at $269,292.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Franklin Resources Inc purchased 56,900 shares of the company's stock in a transaction on Friday, July 1st. The stock was bought at an average price of $4.45 per share, for a total transaction of $253,205.00. Following the completion of the purchase, the insider now directly owns 56,900 shares of the company's stock, valued at $253,205. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 3,063,002 shares of company stock valued at $29,868,748. 23.30% of the stock is currently owned by corporate insiders.

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BEN Stock News Headlines

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Franklin Templeton Celebrates LGBTQ+ Inclusion
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BEN Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/28/2022
Today
8/07/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/07/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
35461310
Employees
10,300
Year Founded
1947

Price Target and Rating

Average Stock Price Forecast
$26.38
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
-4.6%
Consensus Rating
Hold
Rating Score (0-4)
1.63
Research Coverage
8 Analysts

Profitability

Net Income
$1.83 billion
Pretax Margin
25.99%

Debt

Sales & Book Value

Annual Sales
$8.43 billion
Cash Flow
$4.59 per share
Book Value
$24.65 per share

Miscellaneous

Free Float
382,240,000
Market Cap
$13.78 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives














BEN Stock - Frequently Asked Questions

Should I buy or sell Franklin Resources stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last twelve months. There are currently 3 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Franklin Resources stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BEN, but not buy additional shares or sell existing shares.
View analyst ratings for Franklin Resources
or view top-rated stocks.

What is Franklin Resources' stock price forecast for 2022?

8 Wall Street analysts have issued 1-year price targets for Franklin Resources' shares. Their BEN stock forecasts range from $21.00 to $38.00. On average, they predict Franklin Resources' stock price to reach $26.38 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
View analysts' price targets for Franklin Resources
or view top-rated stocks among Wall Street analysts.

How has Franklin Resources' stock performed in 2022?

Franklin Resources' stock was trading at $33.49 on January 1st, 2022. Since then, BEN shares have decreased by 17.4% and is now trading at $27.65.
View the best growth stocks for 2022 here
.

When is Franklin Resources' next earnings date?

Franklin Resources is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our earnings forecast for Franklin Resources
.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) announced its earnings results on Thursday, July, 28th. The closed-end fund reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.09. The closed-end fund earned $2.03 billion during the quarter, compared to analyst estimates of $2.75 billion. Franklin Resources had a trailing twelve-month return on equity of 17.37% and a net margin of 20.25%. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS.
Read Franklin Resources' conference call transcript
.

How often does Franklin Resources pay dividends? What is the dividend yield for Franklin Resources?

Franklin Resources declared a quarterly dividend on Wednesday, June 8th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.29 per share on Friday, July 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Wednesday, June 29th.
View Franklin Resources' dividend history
.

Is Franklin Resources a good dividend stock?

Franklin Resources(NYSE:BEN) pays an annual dividend of $1.16 per share and currently has a dividend yield of 4.20%. BEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Franklin Resources has been increasing its dividend for 41 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Franklin Resources is 34.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Franklin Resources will have a dividend payout ratio of 37.79% next year. This indicates that Franklin Resources will be able to sustain or increase its dividend.
View Franklin Resources' dividend history.

What is Gregory E. Johnson's approval rating as Franklin Resources' CEO?

486 employees have rated Franklin Resources CEO Gregory E. Johnson on Glassdoor.com. Gregory E. Johnson has an approval rating of 84% among Franklin Resources' employees.

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), AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Coca-Cola (KO), Pfizer (PFE), 3M (MMM), Walgreens Boots Alliance (WBA), Chevron (CVX) and Verizon Communications (VZ).

What is Franklin Resources' stock symbol?

Franklin Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "BEN."

Who are Franklin Resources' major shareholders?

Franklin Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (1.28%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Victory Capital Management Inc. (0.24%), Wedge Capital Management L L P NC (0.23%), CWM LLC (0.15%) and Foundation Resource Management Inc. (0.10%). Company insiders that own Franklin Resources stock include Alok Sethi, Craig Steven Tyle, Franklin Resources Inc, Gwen L Shaneyfelt, Gwen L Shaneyfelt, Jed A Plafker, Jed A Plafker, Jennifer M Johnson and Mariann H Byerwalter.
View institutional ownership trends 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Franklin Resources' stock price today?

One share of BEN stock can currently be purchased for approximately $27.65.

How much money does Franklin Resources make?

Franklin Resources (NYSE:BEN) has a market capitalization of $13.78 billion and generates $8.43 billion in revenue each year. The closed-end fund earns $1.83 billion in net income (profit) each year or $3.36 on an earnings per share basis.

How many employees does Franklin Resources have?

Franklin Resources employs 10,300 workers across the globe.

Does Franklin Resources have any subsidiaries?

The following companies are subsidiares of Franklin Resources: AdvisorEngine, AdvisorEngine Inc., Alumcreek Holdings LLC, Athena Capital Advisors, Balanced Equity Management, Balanced Equity Management Pty. Limited, Benefit Street Partners, Bissett & Associates Investment Management, Brandywine Global Investment Management Europe Limited, CCPF GP Holdco No.2 Limited, CCPF No.2 (GP) Limited, CCPF No.2 LP, CP Industrial Management LLC, CP Intermediate Holdco Inc., CRM Software LLC, Clarion Gramercy (Deutschland) GmbH, Clarion Gramercy (UK) Limited, Clarion Gramercy Limited, Clarion Partners Europe Ltd., Clarion Partners Holdings LLC, Clarion Partners LLC, Clarion Partners Securities LLC, Clarion REIM South America Holdings LLC, Clarion REIM South America Invsetimentos Imobiliarios Ltda, ClearBridge RARE Infrastructure (North America) Pty Limited, ClearBridge RARE Infrastructure International Pty Limited, Darby - Hana Infrastructure Fund Management Co. Ltd., Edinburgh Partners, FT FinTech Holdings LLC, FT Opportunistic Distressed Fund Ltd., FTC Investor Services Inc., FTCI (Cayman) Ltd., FTPE Advisers LLC, Fiduciary International Holding Inc., Fiduciary Investment Management International Inc., Fiduciary Trust (International) Sàrl, Fiduciary Trust Company International, Fiduciary Trust Company International of Pennsylvania, Fiduciary Trust Company of Canada, Fiduciary Trust International LLC, Fiduciary Trust International of California, Fiduciary Trust International of Delaware, Fiduciary Trust International of the South, Franklin Advisers GP LLC, Franklin Advisers Inc., Franklin Advisory Services LLC, Franklin Marketplace Loan GP LLC, Franklin Mutual Advisers LLC, Franklin SystematiQ Advisers LLC, Franklin Templeton Alternative Investments (India) Private Limited, Franklin Templeton Asset Management (India) Private Limited, Franklin Templeton Asset Management (Malaysia) Sdn. Bhd., Franklin Templeton Asset Management Mexico S.A. de C.V. Sociedad Operadora de Fondos de Inversion, Franklin Templeton Austria GmbH, Franklin Templeton Capital Holdings Private Limited, Franklin Templeton Chile SpA. V., Franklin Templeton Companies LLC, Franklin Templeton Digital Advisory Services GmbH, Franklin Templeton Fund Management Limited, Franklin Templeton GSC Asset Management Sdn. Bhd., Franklin Templeton Global Investors Limited, Franklin Templeton Holding Limited, Franklin Templeton International Services (India) Private Limited, Franklin Templeton International Services S.à r.l., Franklin Templeton Investment Management (Shanghai) Limited, Franklin Templeton Investment Management Limited, Franklin Templeton Investment Services GmbH, Franklin Templeton Investment Services Mexico S. de R.L., Franklin Templeton Investment Trust Management Co. Ltd., Franklin Templeton Investments (Asia) Limited, Franklin Templeton Investments (ME) Limited, Franklin Templeton Investments Australia Limited, Franklin Templeton Investments Corp., Franklin Templeton Investments Japan Limited, Franklin Templeton Investments Poland sp. z o.o., Franklin Templeton Investments South Africa (Pty) Ltd, Franklin Templeton Investor Services LLC, Franklin Templeton Investímentos (Brasil) Ltda., Franklin Templeton Luxembourg S.A., Franklin Templeton Magyarorszag Kft., Franklin Templeton Management Luxembourg S.A., Franklin Templeton Overseas Investment Fund Management (Shanghai) Co. Limited, Franklin Templeton Private Equity LLC, Franklin Templeton Services (India) Private Limited, Franklin Templeton Services LLC, Franklin Templeton Servicios de Asesoria Mexico S. de R.L. de C.V., Franklin Templeton Slovakia s.r.o., Franklin Templeton Social Infrastructure GP S.à r.l., Franklin Templeton Strategic Investments Ltd., Franklin Templeton Switzerland Ltd., Franklin Templeton Trustee Services Private Limited, Franklin Templeton Turkey Advisory Services A.S., Franklin Templeton Uruguay S.A., Franklin Venture Partners (Talos Cayman GP) LLC, Franklin Venture Partners LLC, Franklin/Templeton Distributors Inc., ITI Capital Markets Limited, K2 Advisors, LM (BVI) Limited, LM Holdings 2 Limited, LM Holdings Limited, LM International Holding LP, Legg Mason & Co (UK) Limited, Legg Mason & Co. LLC, Legg Mason (Chile) Inversiones Holdings Limitada, Legg Mason Asset Management Australia Limited, Legg Mason Asset Management Hong Kong Limited, Legg Mason Asset Management Singapore Pte. Limited, Legg Mason Australia Holdings Pty Limited, Legg Mason Holding (Switzerland) GmbH, Legg Mason Inc., Legg Mason Investment Funds Limited, Legg Mason Investments (Europe) Limited, Legg Mason Investments (Switzerland) GmbH, Legg Mason Overseas Investment Fund Management (Shanghai) Co. Ltd., Legg Mason Partners Fund Advisor LLC, Legg Mason Royce Holdings LLC, Onsa Inc., RARE IP Trust, RARE Infrastructure Limited, REDROSE Caesar S.à r.l., Random Forest Capital, Random Forest Capital LLC, Rensburg Sheppards plc, Riva Financial Systems Limited, Royce & Associates GP LLC, Royce & Associates LP, Royce Fund Services LLC, Royce Management Company LLC, TSEMF III (Jersey) Limited, TSEMF IV (Jersey) Limited, Templeton Asset Management (Labuan) Limited, Templeton Asset Management (Poland) TFI S.A., Templeton Asset Management Ltd., Templeton Global Advisors Limited, Templeton Global Holdings Ltd., Templeton International Inc., Templeton Investment Counsel LLC, Templeton Restructured Investments III Ltd., Templeton Restructured Investments IV Ltd., Templeton Restructured Investments L.L.C., Templeton Turkey Fund GP Ltd., Templeton Worldwide Inc., Templeton do Brasil Ltda., Templeton/Franklin Investment Services Inc., WHITEROSE Caesar S.à r.l., Western Asset Holdings (Australia) Pty Ltd, Western Asset Management (Brazil) Holdings Limitada, Western Asset Management (Cayman) Holdings Limited, Western Asset Management Company Distribuidora de Titulos e Valores Mobiliarios Limitada, Western Asset Management Company LLC, Western Asset Management Company Limited, Western Asset Management Company Pte Ltd., Western Asset Management Company Pty Ltd, and Winfield & Company.
Read More

When was Franklin Resources founded?

Franklin Resources was founded in 1947.

How can I contact Franklin Resources?

Franklin Resources' mailing address is ONE FRANKLIN PARKWAY, SAN MATEO CA, 94403. The official website for Franklin Resources is www.franklinresources.com. The closed-end fund can be reached via phone at (650) 312-2000, via email at investorrelations@franklintempleton.com, or via fax at 650-312-3655.

This page (NYSE:BEN) was last updated on 8/7/2022 by MarketBeat.com Staff

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