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

$25.76
-0.14 (-0.54 %)
(As of 01/23/2020 04:00 PM ET)
Today's Range
$25.33
Now: $25.76
$25.91
50-Day Range
$25.02
MA: $25.89
$27.10
52-Week Range
$24.73
Now: $25.76
$35.82
Volume93,856 shs
Average Volume2.68 million shs
Market Capitalization$12.86 billion
P/E Ratio10.96
Dividend Yield4.23%
Beta1.2
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$2.93 per share
Book Value$21.09 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Employees9,600
Market Cap$12.86 billion
Next Earnings Date1/29/2020 (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 Thursday, December 12th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.27 per share on Friday, January 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Monday, December 30th. This is an increase from Franklin Resources's previous quarterly dividend of $0.26. View Franklin Resources' Dividend History.

How will Franklin Resources' stock buyback program work?

Franklin Resources announced that its Board of Directors has authorized a stock buyback 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) issued its quarterly earnings data on Friday, October, 25th. The closed-end fund reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.03. The closed-end fund had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Franklin Resources had a net margin of 20.71% and a return on equity of 12.28%. Franklin Resources's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. View Franklin Resources' Earnings History.

When is Franklin Resources' next earnings date?

Franklin Resources is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Franklin Resources.

What price target have analysts set for BEN?

11 Wall Street analysts have issued twelve-month price targets for Franklin Resources' stock. Their forecasts range from $16.00 to $37.00. On average, they expect Franklin Resources' stock price to reach $27.70 in the next twelve months. This suggests a possible upside of 7.4% 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?

Media coverage about BEN stock has been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Franklin Resources earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the closed-end fund a news buzz of 7.0 out of 10, indicating that recent news coverage is 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 in the month of December. As of December 31st, there was short interest totalling 28,050,000 shares, an increase of 5.8% from the December 15th total of 26,510,000 shares. Based on an average trading volume of 3,290,000 shares, the short-interest ratio is presently 8.5 days. Approximately 10.1% of the shares of the stock are sold short. 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 AT&T (T), Exxon Mobil (XOM), AbbVie (ABBV), Walgreens Boots Alliance (WBA), 3M (MMM), Procter & Gamble (PG), Verizon Communications (VZ), Chevron (CVX), Johnson & Johnson (JNJ) 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 many different of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.23%), Exchange Traded Concepts LLC (0.17%), Foundation Resource Management Inc. (0.08%), O Keefe Stevens Advisory Inc. (0.04%), O Keefe Stevens Advisory Inc. (0.03%) and RK Asset Management LLC (0.03%). 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 Foundation Resource Management Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , O Keefe Stevens Advisory Inc., O Keefe Stevens Advisory Inc. and Huntington National Bank. View Insider Buying and Selling for Franklin Resources.

Which major investors are buying Franklin Resources stock?

BEN stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Wedge Capital Management L L P NC, Alpine Global Management LLC, Janney Montgomery Scott LLC, Commerzbank Aktiengesellschaft FI, New England Research & Management Inc., Uncommon Cents Investing LLC and Rikoon Group LLC. 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 $25.79.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $12.87 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:  416 (Vote Outperform)
Underperform Votes:  1,084 (Vote Underperform)
Total Votes:  1,500
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 1/23/2020 by MarketBeat.com Staff

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