Franklin Resources, Inc. (BEN) concluded trading on Wednesday at a closing price of $19.44, with 3.15 million shares of worth about $61.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.20% during that period and on September 11, 2024 the price saw a loss of about -0.31%. Currently the company’s common shares owned by public are about 495.94M shares, out of which, 280.66M shares are available for trading.
Stock saw a price change of -2.02% in past 5 days and over the past one month there was a price change of -9.62%. Year-to-date (YTD), BEN shares are showing a performance of -34.74% which decreased to -25.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.05 but also hit the highest price of $30.32 during that period. The average intraday trading volume for Franklin Resources, Inc. shares is 4.46 million. The stock is currently trading -6.18% below its 20-day simple moving average (SMA20), while that difference is down -11.10% for SMA50 and it goes to -22.16% lower than SMA200.
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Franklin Resources, Inc. (NYSE: BEN) currently have 495.94M outstanding shares and institutions hold larger chunk of about 43.65% of that.
The stock has a current market capitalization of $10.17B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 11.98, while it has posted earnings per share of $1.62 in the same period. Its PEG reads 2.62 while making debt-to-equity ratio of 1.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BEN, volatility over the week remained 2.83% while standing at 2.97% over the month.
Stock’s fiscal year EPS is expected to drop by -7.72% while it is estimated to increase by 10.63% in next year. EPS is likely to grow at an annualized rate of 4.58% for next 5-years, compared to annual growth of 4.38% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on August 27, 2024 offering an Underweight rating for the stock and assigned a target price of $20 to it. Coverage by Wells Fargo stated Franklin Resources, Inc. (BEN) stock as an Equal weight in their note to investors on January 08, 2024, suggesting a price target of $30 for the stock. On January 04, 2024, TD Cowen Initiated their recommendations, while on July 10, 2023, BMO Capital Markets Resumed their ratings for the stock with a price target of $24. Stock get an Underweight rating from Wells Fargo on December 15, 2022.
