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 announced a quarterly dividend on Wednesday, February 13th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.26 per share on Friday, April 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 28th. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources announced that its board has initiated a stock buyback program on Thursday, April 12th 2018, which permits the company to repurchase 80,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) announced its quarterly earnings data on Wednesday, January, 30th. The closed-end fund reported $0.54 EPS for the quarter, missing the Zacks' consensus estimate of $0.64 by $0.10. The closed-end fund earned $1.41 billion during the quarter, compared to analysts' expectations 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 was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $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 objectives for Franklin Resources' shares. Their predictions range from $23.00 to $37.00. On average, they expect Franklin Resources' share 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?

Press coverage about BEN stock has been trending neutral this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Franklin Resources earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media coverage about the closed-end fund a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near term.

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 a variety of of institutional and retail investors. Top institutional shareholders 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 institutional 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 institutional investors are buying Franklin Resources stock?

BEN stock was bought 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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