Franklin Resources, Inc (BEN) concluded trading on Wednesday at a closing price of $21.64, with 4.12 million shares of worth about $89.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.92% during that period and on November 20, 2024 the price saw a gain of about 0.74%. Currently the company’s common shares owned by public are about 523.60M shares, out of which, 280.19M shares are available for trading.
Stock saw a price change of 0.56% in past 5 days and over the past one month there was a price change of 6.18%. Year-to-date (YTD), BEN shares are showing a performance of -27.36% which decreased to -10.58% 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 4.84 million. The stock is currently trading 2.46% above its 20-day simple moving average (SMA20), while that difference is up 5.05% for SMA50 and it goes to -6.81% lower than SMA200.
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Franklin Resources, Inc (NYSE: BEN) currently have 523.60M outstanding shares and institutions hold larger chunk of about 45.17% of that.
The stock has a current market capitalization of $11.33B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 25.12, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 6.50 while making debt-to-equity ratio of 1.05. 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 1.95% while standing at 2.67% over the month.
Stock’s fiscal year EPS is expected to rise by 0.69% while it is estimated to increase by 7.99% in next year. EPS is likely to grow at an annualized rate of 3.86% for next 5-years, compared to annual growth of -18.46% 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.
