NYSE:BENFranklin Resources Stock Price, Forecast & News

Franklin Resources' stock was trading at $18.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BEN shares have increased by 20.7% and is now trading at $22.70. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Resources in the last year. There are currently 6 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Franklin Resources.

Franklin Resources is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Franklin Resources.

Franklin Resources, Inc. (NYSE:BEN) announced its earnings results on Thursday, April, 30th. The closed-end fund reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.22. The closed-end fund had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Franklin Resources had a return on equity of 12.36% and a net margin of 17.29%. The firm's revenue was down 6.7% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. View Franklin Resources' earnings history.

Franklin Resources declared a quarterly dividend on Tuesday, February 11th. Stockholders 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 yield of 4.76%. The ex-dividend date is Monday, March 30th. View Franklin Resources' dividend history.

15 Wall Street analysts have issued 1 year target prices for Franklin Resources' shares. Their forecasts range from $15.00 to $32.00. On average, they expect Franklin Resources' stock price to reach $23.43 in the next year. This suggests a possible upside of 3.2% from the stock's current price. View analysts' price targets for Franklin Resources.

News coverage about BEN stock has trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Franklin Resources earned a media sentiment score of 2.2 on InfoTrie's scale. They also assigned media stories about the closed-end fund a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutFranklin Resources.

Some companies that are related to Franklin Resources include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), SEI Investments (SEIC), Ares Capital (ARCC), Eaton Vance (EV), Legg Mason (LM), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Main Street Capital (MAIN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Franklin Resources investors own include Exxon Mobil (XOM), AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), Coca-Cola (KO), 3M (MMM), Pfizer (PFE), Verizon Communications (VZ), Procter & Gamble (PG) and Walgreens Boots Alliance (WBA).

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

Franklin Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.58%), BlackRock Inc. (4.98%), Invesco Ltd. (1.03%), Kiltearn Partners LLP (0.98%), Geode Capital Management LLC (0.92%) and APG Asset Management N.V. (0.83%). 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.

BEN stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., JPMorgan Chase & Co., Exchange Traded Concepts LLC, Victory Capital Management Inc., Victory Capital Management Inc., Schroder Investment Management Group, and Bank of New York Mellon Corp. View insider buying and selling activity for Franklin Resources.

BEN stock was purchased by a variety of institutional investors in the last quarter, including Prudential PLC, State Street Corp, Invesco Ltd., APG Asset Management N.V., Parametric Portfolio Associates LLC, BlackRock Inc., Raymond James & Associates, and Greenwich Wealth Management LLC. View insider buying and selling activity for 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.

One share of BEN stock can currently be purchased for approximately $22.70.

Franklin Resources has a market capitalization of $11.24 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.

The official website for Franklin Resources is www.franklinresources.com.

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]