Franklin Resources, Inc (BEN) concluded trading on Thursday at a closing price of $20.15, with 3.69 million shares of worth about $74.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.66% during that period and on January 30, 2025 the price saw a gain of about 0.50%. Currently the company’s common shares owned by public are about 523.60M shares, out of which, 280.91M shares are available for trading.
Stock saw a price change of 0.80% in past 5 days and over the past one month there was a price change of -2.47%. Year-to-date (YTD), BEN shares are showing a performance of -0.69% which decreased to -26.75% 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 4.06 million. The stock is currently trading 1.50% above its 20-day simple moving average (SMA20), while that difference is down -3.84% for SMA50 and it goes to -7.39% lower than SMA200.
Franklin Resources, Inc (NYSE: BEN) currently have 523.60M outstanding shares and institutions hold larger chunk of about 45.21% of that.
The stock has a current market capitalization of $10.56B and its 3Y-monthly beta is at 1.43. PE ratio of stock for trailing 12 months is 23.39, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 5.11 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 2.31% while standing at 2.44% over the month.
Stock’s fiscal year EPS is expected to drop by -7.41% while it is estimated to increase by 8.05% in next year. EPS is likely to grow at an annualized rate of 4.58% 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.
