Franklin Resources, Inc. (NYSE: BEN): Hunting Genuine Value In Market Debris

Currently, there are 495.94M common shares owned by the public and among those 270.28M shares have been available to trade.

Insiders at the company have transacted a total of 24 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,149,147 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 224,214 shares.

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However, the script later moved the day high at 27.33, down -6.40%. The company’s stock has a 5-day price change of -1.20% and 14.79% over the past three months. BEN shares are trading -11.68% year to date (YTD), with the 12-month market performance down to -14.91% lower. It has a 12-month low price of $21.88 and touched a high of $31.93 over the same period. BEN has an average intraday trading volume of 1.64 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.46%, -5.28%, and 0.74% respectively.

Institutional ownership of Franklin Resources, Inc. (NYSE: BEN) shares accounts for 43.94% of the company’s 495.94M shares outstanding.

It has a market capitalization of $13.85B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 13.88, while the earnings-per-share (ttm) stands at $1.89. The company has a PEG of 1.34 and the debt-to-equity ratio at 0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.28% over the week and 2.61% over the month.

Analysts forecast that Franklin Resources, Inc. (BEN) will achieve an EPS of $Wendy’s Company (The) for the current quarter, $19.12 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Lennar Corporation while analysts give the company a high EPS estimate of $Brookfield Renewable Partners L. Comparatively, EPS for the current quarter was $Gen Digital Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -2.80%, and 14.39% over the next financial year. EPS should grow at an annualized rate of 10.33% over the next five years, compared to 4.38% over the past 5-year period.

Looking at the support for the BEN, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on January 08, 2024, with the firm’s price target at $24-$30.

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