Franklin Resources, Inc. (BEN) concluded trading on Wednesday at a closing price of $20.89, with 3.47 million shares of worth about $72.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.26% during that period and on October 30, 2024 the price saw a gain of about 0.29%. Currently the company’s common shares owned by public are about 495.94M shares, out of which, 280.56M shares are available for trading.
Stock saw a price change of 3.98% in past 5 days and over the past one month there was a price change of 5.99%. Year-to-date (YTD), BEN shares are showing a performance of -29.88% which decreased to -7.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.94 but also hit the highest price of $30.32 during that period. The average intraday trading volume for Franklin Resources, Inc. shares is 4.62 million. The stock is currently trading 3.16% above its 20-day simple moving average (SMA20), while that difference is up 3.41% for SMA50 and it goes to -11.73% lower than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Franklin Resources, Inc. (NYSE: BEN) currently have 495.94M outstanding shares and institutions hold larger chunk of about 43.41% of that.
The stock has a current market capitalization of $10.93B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 12.87, while it has posted earnings per share of $1.62 in the same period. Its PEG reads 12.87 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 1.92% while standing at 2.09% over the month.
Stock’s fiscal year EPS is expected to drop by -7.39% while it is estimated to increase by 6.28% in next year. EPS is likely to shrink at an annualized rate of 1.00% 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 Wells Fargo on September 12, 2024 offering an Equal weight rating for the stock and assigned a target price of $20 to it. Coverage by Barclays stated Franklin Resources, Inc. (BEN) stock as an Underweight in their note to investors on August 27, 2024, suggesting a price target of $20 for the stock. On January 08, 2024, Wells Fargo Upgrade their recommendations, while on January 04, 2024, TD Cowen Initiated their ratings for the stock with a price target of $32. Stock get a Market perform rating from BMO Capital Markets on July 10, 2023.
