Currently, there are 523.97M common shares owned by the public and among those 280.90M shares have been available to trade.
The company’s stock has a 5-day price change of 2.02% and -0.81% over the past three months. BEN shares are trading 2.12% year to date (YTD), with the 12-month market performance down to -22.19% lower. It has a 12-month low price of $18.83 and touched a high of $28.61 over the same period. BEN has an average intraday trading volume of 4.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.71%, -1.07%, and -4.63% respectively.
Institutional ownership of Franklin Resources, Inc (NYSE: BEN) shares accounts for 45.24% of the company’s 523.97M shares outstanding.
It has a market capitalization of $10.86B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 31.77, while the earnings-per-share (ttm) stands at $0.65. The company has a PEG of 6.09 and the debt-to-equity ratio at 1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.10% over the week and 3.32% over the month.
Earnings per share for the fiscal year are expected to decrease by -9.18%, and 13.10% over the next financial year. EPS should grow at an annualized rate of 5.22% over the next five years, compared to -18.46% over the past 5-year period.
Looking at the support for the BEN, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on January 06, 2025, with the firm’s price target at $21-$22. Wells Fargo coverage for the Franklin Resources, Inc (BEN) stock in a research note released on September 12, 2024 offered a Equal Weight rating with a price target of $20. Barclays was of a view on August 27, 2024 that the stock is Underweight, while Wells Fargo gave the stock Equal Weight rating on January 08, 2024, issuing a price target of $24- $30. TD Cowen on their part issued Market Perform rating on January 04, 2024.
