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

$17.35
-0.87 (-4.77 %)
(As of 03/30/2020 08:36 AM ET)
Today's Range
$17.08
Now: $17.35
$18.19
50-Day Range
$15.30
MA: $21.86
$26.08
52-Week Range
$15.29
Now: $17.35
$35.82
Volume4.51 million shs
Average Volume7.67 million shs
Market Capitalization$8.62 billion
P/E Ratio6.91
Dividend Yield6.22%
Beta1.22
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$5.77 billion
Cash Flow$2.90 per share
Book Value$21.09 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Employees9,600
Market Cap$8.62 billion
Next Earnings Date4/24/2020 (Estimated)
OptionableOptionable

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Franklin Resources (NYSE:BEN) Frequently Asked Questions

How has Franklin Resources' stock been impacted by COVID-19 (Coronavirus)?

Franklin Resources' stock was trading at $18.80 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BEN stock has decreased by 7.7% and is now trading at $17.35. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Franklin Resources?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 6 sell ratings and 8 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Franklin Resources.

When is Franklin Resources' next earnings date?

Franklin Resources is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. 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, January, 30th. The closed-end fund reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.03. The closed-end fund earned $1.41 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. View Franklin Resources' earnings history.

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. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.27 per share on Monday, April 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.22%. 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 approved a share repurchase plan on Thursday, April 12th 2018, which permits the company to buyback 80,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

What price target have analysts set for BEN?

14 brokerages have issued 1 year target prices for Franklin Resources' shares. Their forecasts range from $16.00 to $32.00. On average, they expect Franklin Resources' stock price to reach $25.15 in the next year. This suggests a possible upside of 45.0% from the stock's current price. View analysts' price targets for Franklin Resources.

Has Franklin Resources been receiving favorable news coverage?

Press coverage about BEN stock has been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Franklin Resources earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media stories about the closed-end fund a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutFranklin Resources.

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), Johnson & Johnson (JNJ), Pfizer (PFE), Philip Morris International (PM), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Chevron (CVX) and General Electric (GE).

Who are Franklin Resources' key executives?

Franklin Resources' management team includes the following 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)

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 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, Nuveen Asset Management LLC, Schroder Investment Management Group, and Great West Life Assurance Co. Can. View insider buying and selling activity 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 Norges Bank, 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, and Man Group plc. View insider buying and selling activity 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 $17.35.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $8.62 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:  431 (Vote Outperform)
Underperform Votes:  1,115 (Vote Underperform)
Total Votes:  1,546
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 3/30/2020 by MarketBeat.com Staff

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