Franklin Resources, Inc (BEN) concluded trading on Wednesday at a closing price of $19.63, with 3.83 million shares of worth about $75.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.11% during that period and on January 15, 2025 the price saw a gain of about 1.13%. Currently the company’s common shares owned by public are about 523.60M shares, out of which, 280.76M 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 -11.18%. Year-to-date (YTD), BEN shares are showing a performance of -3.25% which decreased to -30.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.83 but also hit the highest price of $28.61 during that period. The average intraday trading volume for Franklin Resources, Inc shares is 4.03 million. The stock is currently trading -2.93% below its 20-day simple moving average (SMA20), while that difference is down -7.42% for SMA50 and it goes to -11.21% lower than SMA200.
Franklin Resources, Inc (NYSE: BEN) currently have 523.60M outstanding shares and institutions hold larger chunk of about 45.06% of that.
The stock has a current market capitalization of $10.29B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 22.79, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 7.60 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 2.76% while standing at 2.86% over the month.
Analysts are in expectations that Franklin Resources, Inc (BEN) stock would likely to be making an EPS of 0.55 in the current quarter, while forecast for next quarter EPS is 0.56 and it is 2.52 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.5 which is 0.6 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.65 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.24% while it is estimated to increase by 8.20% in next year. EPS is likely to grow at an annualized rate of 3.00% 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 Goldman on January 06, 2025 offering a Neutral rating for the stock and assigned a target price range of between $21 and $22 to it. Coverage by Wells Fargo stated Franklin Resources, Inc (BEN) stock as an Equal weight in their note to investors on September 12, 2024, suggesting a price target of $20 for the stock. On August 27, 2024, Barclays Initiated their recommendations, while on January 08, 2024, Wells Fargo Upgrade their ratings for the stock with a price target of $30. Stock get a Market perform rating from TD Cowen on January 04, 2024.
