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NYSE:BENFranklin Resources Stock Price, Forecast & News

$21.10
+0.83 (+4.09 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$20.27
Now: $21.10
$21.16
50-Day Range
$17.89
MA: $20.78
$24.23
52-Week Range
$14.91
Now: $21.10
$35.77
Volume4.20 million shs
Average Volume3.64 million shs
Market Capitalization$10.45 billion
P/E Ratio10.82
Dividend Yield5.33%
Beta1.27
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.8Community Rank: 1.4Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.09 out of 5 stars


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$3.02 per share
Book Value$21.09 per share

Profitability

Net Income$1.20 billion

Miscellaneous

Employees9,600
Market Cap$10.45 billion
Next Earnings Date8/4/2020 (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 COVID-19 reached pandemic status according to the World Health Organization. Since then, BEN stock has increased by 12.2% and is now trading at $21.10. View which stocks have been most impacted by Coronavirus.

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

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.

When is Franklin Resources' next earnings date?

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

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) posted its quarterly earnings results on Thursday, April, 30th. The closed-end fund reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.22. The closed-end fund had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. Franklin Resources had a return on equity of 12.36% and a net margin of 17.29%. The business's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.72 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, June 30th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.27 per share on Monday, July 27th. This represents a $1.08 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Tuesday, July 14th. View Franklin Resources' dividend history.

What price target have analysts set for BEN?

15 Wall Street analysts have issued 1-year price targets for Franklin Resources' stock. Their forecasts range from $15.00 to $32.00. On average, they anticipate Franklin Resources' share price to reach $23.43 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price. View analysts' price targets for Franklin Resources.

Has Franklin Resources been receiving favorable news coverage?

News headlines about BEN stock have trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Franklin Resources earned a daily sentiment score of -1.2 on InfoTrie's scale. They also assigned press coverage about the closed-end fund a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Franklin Resources.

Are investors shorting Franklin Resources?

Franklin Resources saw a decline in short interest in June. As of June 15th, there was short interest totaling 30,500,000 shares, a decline of 5.6% from the May 31st total of 32,310,000 shares. Based on an average trading volume of 5,150,000 shares, the days-to-cover ratio is presently 5.9 days. Approximately 11.3% of the shares of the stock are short sold. 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 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).

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 many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.23%), Foundation Resource Management Inc. (0.08%), O Keefe Stevens Advisory Inc. (0.05%), Envestnet Asset Management Inc. (0.03%), Unison Advisors LLC (0.02%) and Rockland Trust Co. (0.01%). 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 Envestnet Asset Management Inc., Foundation Resource Management Inc., and Municipal Employees Retirement System of Michigan. View insider buying and selling activity 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 O Keefe Stevens Advisory Inc., Wedge Capital Management L L P NC, Unison Advisors LLC, Rockland Trust Co., and DNB Asset Management AS. 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 $21.10.

How big of a company is Franklin Resources?

Franklin Resources has a market capitalization of $10.45 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.

What is Franklin Resources' official website?

The official website for Franklin Resources is 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]

This page was last updated on 7/11/2020 by MarketBeat.com Staff

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