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 stock has increased by 12.2% and is now trading at $21.10. 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 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.

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.

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.

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.

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.

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), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), 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 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.

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.

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.

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 $21.10.

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.

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]