NYSE:BENFranklin Resources Stock Price, Forecast & News

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 increased by 5.3% and is now trading at $19.80. 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) posted its quarterly earnings data on Thursday, April, 30th. The closed-end fund reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.22. The closed-end fund earned $1.34 billion during 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 quarter in the prior year, the firm posted $0.72 earnings per share. View Franklin Resources' earnings history.

Franklin Resources declared a quarterly dividend on Tuesday, February 11th. Investors 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 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, March 30th. View Franklin Resources' dividend history.

15 equities research analysts have issued 12-month price objectives for Franklin Resources' stock. Their forecasts range from $15.00 to $32.00. On average, they expect Franklin Resources' share price to reach $23.43 in the next year. This suggests a possible upside of 18.3% from the stock's current price. View analysts' price targets for Franklin Resources.

News coverage about BEN stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. 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 news sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the closed-end fund a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. 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), Legg Mason (LM), Eaton Vance (EV), 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 a variety of institutional and retail investors. Top institutional investors 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 $19.80.

Franklin Resources has a market capitalization of $9.81 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]