Currently, there are 495.94M common shares owned by the public and among those 280.55M shares have been available to trade.
The company’s stock has a 5-day price change of -2.70% and -13.76% over the past three months. BEN shares are trading -32.26% year to date (YTD), with the 12-month market performance down to -24.53% lower. It has a 12-month low price of $19.50 and touched a high of $30.32 over the same period. BEN has an average intraday trading volume of 4.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.49%, -9.27%, and -19.64% respectively.
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Institutional ownership of Franklin Resources, Inc. (NYSE: BEN) shares accounts for 43.66% of the company’s 495.94M shares outstanding.
It has a market capitalization of $10.55B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 12.43, while the earnings-per-share (ttm) stands at $1.62. The company has a PEG of 2.71 and the debt-to-equity ratio at 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.58% over the week and 3.03% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.69%, and 11.16% over the next financial year. EPS should grow at an annualized rate of 4.58% 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. Barclays stated their Underweight rating for the stock in a research note on August 27, 2024, with the firm’s price target at $20. Wells Fargo coverage for the Franklin Resources, Inc. (BEN) stock in a research note released on January 08, 2024 offered a Equal Weight rating with a price target of $30. TD Cowen was of a view on January 04, 2024 that the stock is Market Perform, while BMO Capital Markets gave the stock Market Perform rating on July 10, 2023, issuing a price target of $20- $24. Wells Fargo on their part issued Underweight rating on December 15, 2022.
