About Franklin Resources (NYSE:BEN)
Franklin Resources, Inc. is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world. The Company offers its investment products and services under the Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2 and LibertyShares brand names. Its products include investment funds and institutional, high net-worth and separately managed accounts (collectively, sponsored investment products (SIPs)). It offers various types of SIPs, such as the United States funds, cross-border funds, local/regional funds, and other managed accounts, alternative investment products and trusts. Its investment funds include the United States-registered funds, non-United States-registered funds and unregistered funds.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management & Fund Operators
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:BEN
- CUSIP: 35461310
- Web: www.franklinresources.com
- Market Cap: $25.14 billion
- Outstanding Shares: 557,701,000
- 50 Day Moving Avg: $43.59
- 200 Day Moving Avg: $43.45
- 52 Week Range: $33.02 - $47.65
Sales & Book Value:
- Trailing P/E Ratio: 14.67
- Foreward P/E Ratio: 15.43
- P/E Growth: -52.28
- Annual Revenue: $6.39 billion
- Price / Sales: 3.93
- Book Value: $22.22 per share
- Price / Book: 2.03
- Annual Dividend: $0.80
- Dividend Yield: 1.8%
- EBITDA: $2.31 billion
- Net Margins: 27.30%
- Return on Equity: 13.96%
- Return on Assets: 10.41%
- Debt-to-Equity Ratio: 0.11%
- Current Ratio: 9.20%
- Quick Ratio: 9.20%
- Average Volume: 2.04 million shs.
- Beta: 1.72
- Short Ratio: 4.83
Frequently Asked Questions for Franklin Resources (NYSE:BEN)
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 Wednesday, August 23rd. Stockholders of record on Friday, September 29th will be given a dividend of $0.20 per share on Friday, October 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, September 28th. View Franklin Resources' Dividend History.
How were Franklin Resources' earnings last quarter?
Franklin Resources, Inc. (NYSE:BEN) posted its quarterly earnings data on Friday, July, 28th. The company reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Franklin Resources had a net margin of 27.30% and a return on equity of 13.96%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. View Franklin Resources' Earnings History.
When will Franklin Resources make its next earnings announcement?
Where is Franklin Resources' stock going? Where will Franklin Resources' stock price be in 2017?
10 brokers have issued 12 month target prices for Franklin Resources' shares. Their forecasts range from $37.00 to $50.00. On average, they expect Franklin Resources' share price to reach $43.67 in the next year. View Analyst Ratings for Franklin Resources.
Who are some of Franklin Resources' key competitors?
Some companies that are related to Franklin Resources include Brookfield Asset Management (BAM), State Street Corporation (STT), Ameriprise Financial (AMP), Northern Trust Corporation (NTRS), Affiliated Managers Group (AMG), 3i Group plc (III), Apollo Global Management, LLC (APO), Legg Mason (LM), Oaktree Capital Group, LLC (OAK), Intermediate Capital Group plc (ICP), Noah Holdings (NOAH), Fortress Investment Group LLC (FIG), Waddell & Reed Financial (WDR), Sanne Group PLC (SNN), IP Group Plc (IPO), Goldman Sachs BDC (GSBD), Allied Minds PLC (ALM) and Arlington Asset Investment Corp (AI).
Who are Franklin Resources' key executives?
Franklin Resources' management team includes the folowing people:
- Gregory E. Johnson, Chairman of the Board, Chief Executive Officer
- Jennifer M. Johnson, President, Chief Operating Officer
- Rupert H. Johnson Jr., Vice Chairman of the Board
- Kenneth A. Lewis, Chief Financial Officer, Executive Vice President
- Craig Steven Tyle, Executive Vice President, General Counsel
- Charles E. Johnson CPA, Director
- Peter K. Barker, Independent Director
- Mariann H. Byerwalter, Independent Director
- Mark C. Pigott, Independent Director
- Chutta Ratnathicam, Independent Director
Who owns Franklin Resources stock?
Franklin Resources' stock is owned by many different of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (0.70%), APG Asset Management N.V. (0.70%), PGGM Investments (0.16%), Robeco Institutional Asset Management B.V. (0.05%), Denali Advisors LLC (0.04%) and State Treasurer State of Michigan (0.02%). Company insiders that own Franklin Resources stock include Craig Steven Tyle, Gregory E Johnson, Jennifer M Johnson, Kenneth A Lewis and Rupert H Johnson Jr. View Institutional Ownership Trends for Franklin Resources.
Who sold Franklin Resources stock? Who is selling Franklin Resources stock?
Franklin Resources' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Denali Advisors LLC and LS Investment Advisors LLC. Company insiders that have sold Franklin Resources stock in the last year include Gregory E Johnson, Jennifer M Johnson, Kenneth A Lewis and Rupert H Johnson Jr. View Insider Buying and Selling for Franklin Resources.
Who bought Franklin Resources stock? Who is buying Franklin Resources stock?
Franklin Resources' stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Diamond Hill Capital Management Inc., PGGM Investments, Shell Asset Management Co., Robeco Institutional Asset Management B.V., Alpha Windward LLC, Beacon Financial Group and Profit Investment Management LLC. View Insider Buying and Selling for Franklin Resources.
How do I buy Franklin Resources stock?
Shares of Franklin Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Franklin Resources' stock price today?
MarketBeat Community Rating for Franklin Resources (NYSE BEN)MarketBeat's community ratings are surveys of what our community members think about Franklin Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Franklin Resources stock can currently be purchased for approximately $45.07.
Consensus Ratings for Franklin Resources (NYSE:BEN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 6 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.80)|
|Consensus Price Target: ||$43.67 (3.11% downside)|Consensus Price Target History for Franklin Resources (NYSE:BEN)
Analysts' Ratings History for Franklin Resources (NYSE:BEN)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$47.00||N/A|
|9/8/2017||Barclays PLC||Initiated Coverage||Underweight -> Underweight||$40.00||Low|
|7/24/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||$50.00||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$44.00||Low|
|7/10/2017||Morgan Stanley||Reiterated Rating||Underweight||$39.00 -> $40.00||Low|
|7/4/2017||Deutsche Bank AG||Boost Price Target||Hold||$41.00 -> $42.00||Low|
|6/9/2017||Citigroup Inc.||Reiterated Rating||Neutral -> Neutral||$42.00 -> $43.00||Low|
|4/7/2017||Credit Suisse Group||Reiterated Rating||Sell||$37.00||Low|
|3/16/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$50.00||Medium|
|1/12/2017||J P Morgan Chase & Co||Reiterated Rating||Neutral||N/A|
|2/4/2016||Piper Jaffray Companies||Reiterated Rating||Hold||$43.00 -> $40.00||N/A|
|2/4/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Sell||$34.00 -> $32.00||N/A|
|2/4/2016||Royal Bank Of Canada||Lower Price Target||Sector Perform||$43.00 -> $38.00||N/A|
|1/7/2016||Susquehanna Bancshares Inc||Lower Price Target||Neutral||$47.00 -> $40.00||N/A|
|1/7/2016||Sanford C. Bernstein||Lower Price Target||$41.00 -> $40.00||N/A|
Earnings History for Franklin Resources (NYSE:BEN)Earnings History by Quarter for Franklin Resources (NYSE BEN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/28/2017||Q3 17||$0.73||$0.73||$1.62 billion||$1.61 billion||View||N/A|
|4/28/2017||Q2 17||$0.67||$0.74||$1.57 billion||$1.60 billion||View||N/A|
|1/27/2017||Q117||$0.68||$0.77||$1.58 billion||$1.56 billion||View||N/A|
|10/26/2016||Q416||$0.69||$0.82||$1.63 billion||$1.61 billion||View||Listen|
|7/28/2016||Q316||$0.67||$0.77||$1.63 billion||$1.63 billion||View||Listen|
|4/27/2016||Q216||$0.64||$0.61||$1.66 billion||$1.61 billion||View||Listen|
|2/3/2016||Q116||$0.75||$0.74||$1.77 billion||$1.76 billion||View||N/A|
|10/22/2015||Q415||$0.78||$0.59||$1.93 billion||$1.87 billion||View||Listen|
|7/29/2015||Q315||$0.88||$0.82||$2.05 billion||$2.00 billion||View||Listen|
|4/29/2015||Q215||$0.85||$0.98||$2.05 billion||$2.01 billion||View||N/A|
|1/30/2015||Q115||$0.93||$0.91||$2.12 billion||$2.06 billion||View||N/A|
|10/27/2014||Q414||$0.92||$1.02||$2.17 billion||$2.16 billion||View||Listen|
|7/30/2014||Q314||$0.96||$0.92||$2.17 billion||$2.13 billion||View||Listen|
|4/28/2014||Q214||$0.89||$0.89||$2.11 billion||$2.10 billion||View||Listen|
|1/30/2014||Q114||$0.93||$0.96||$2.10 billion||$2.11 billion||View||Listen|
|10/24/2013||Q413||$0.86||$0.80||$2.08 billion||$1.99 billion||View||Listen|
|7/29/2013||Q3 2013||$0.85||$0.86||$2.06 million||$2.08 million||View||Listen|
|4/30/2013||Q2 2013||$2.49||$2.69||$1.99 billion||$2.01 billion||View||Listen|
|2/1/2013||Q1 2013||$2.37||$2.42||$1.90 billion||$1.90 billion||View||Listen|
Earnings Estimates for Franklin Resources (NYSE:BEN)
2017 EPS Consensus Estimate: $2.83
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Franklin Resources (NYSE:BEN)
|Most Recent Dividend:||10/13/2017|
|Dividend Growth:||34.90% (3 Year Average)|
|Payout Ratio:||26.14% (Trailing 12 Months of Earnings) |
27.03% (Based on This Year's Estimates)
27.40% (Based on Next Year's Estimates)
|Track Record:||35 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Franklin Resources (NYSE BEN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Franklin Resources (NYSE:BEN)
Insider Ownership Percentage: 21.60%Insider Trades by Quarter for Franklin Resources (NYSE:BEN)
Institutional Ownership Percentage: 44.95%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/22/2017||Kenneth A Lewis||CFO||Sell||17,141||$44.51||$762,945.91|| |
|3/16/2017||Jennifer M Johnson||Insider||Sell||16,835||$43.90||$739,056.50|| |
|2/27/2017||Gregory E Johnson||Chairman||Sell||25,000||$43.18||$1,079,500.00|| |
|12/16/2016||Kenneth A. Lewis||CFO||Sell||1,866||$39.25||$73,240.50|| |
|12/8/2016||Kenneth A. Lewis||CFO||Sell||4,230||$41.96||$177,490.80|| |
|11/1/2016||Rupert H Johnson Jr||Vice Chairman||Sell||300,000||$33.65||$10,095,000.00|| |
|8/25/2016||Jennifer M Johnson||Insider||Sell||15,892||$35.99||$571,953.08|| |
|8/24/2016||Craig Steven Tyle||EVP||Sell||5,000||$36.18||$180,900.00|| |
|12/22/2015||Jennifer M Johnson||Insider||Buy||210||$35.75||$7,507.50|| |
|8/26/2015||Jennifer M. Johnson||COO||Sell||13,000||$39.49||$513,370.00|| |
|5/19/2015||John M Lusk||EVP||Sell||15,000||$51.63||$774,450.00|| |
|2/3/2015||Kenneth A Lewis||CFO||Sell||3,000||$53.05||$159,150.00|| |
|12/10/2014||Gregory E Johnson||CEO||Sell||25,000||$56.96||$1,424,000.00|| |
|9/3/2014||Gregory E Johnson||CEO||Sell||50,000||$56.77||$2,838,500.00|| |
|8/20/2014||John M Lusk||EVP||Sell||14,704||$55.74||$819,600.96|| |
|6/20/2014||William Young Yun||EVP||Sell||25,000||$57.84||$1,446,000.00|| |
|12/20/2013||Kenneth Lewis||CFO||Sell||9,300||$56.68||$527,124.00|| |
|12/6/2013||Charles Johnson||major shareholder||Sell||300,000||$54.65||$16,395,000.00|| |
|12/4/2013||Gregory Johnson||CEO||Sell||29,950||$54.63||$1,636,168.50|| |
|10/28/2013||Gregory E Johnson||CEO||Sell||120,000||$54.39||$6,526,800.00|| |
|10/28/2013||Jennifer M Johnson||COO||Sell||18,517||$54.50||$1,009,176.50|| |
|9/19/2013||William Young Yun||EVP||Sell||6,000||$53.08||$318,480.00|| |
|9/17/2013||Gregory Johnson||CEO||Sell||50,000||$50.56||$2,528,000.00|| |
|5/16/2013||Rupert H Johnson Jr||Major Shareholder||Sell||450,000||$167.10||$75,195,000.00|| |
|12/5/2012||Gregory E Johnson||CEO||Sell||60,000||$127.40||$7,644,000.00|| |
|8/23/2012||John M Lusk||EVP||Sell||14,142||$118.29||$1,672,857.18|| |
Headline Trends for Franklin Resources (NYSE:BEN)
Latest Headlines for Franklin Resources (NYSE:BEN)
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Franklin Resources (BEN) Chart for Sunday, October, 22, 2017