Franklin Resources Inc. (NYSE: BEN) is -18.78% lower on its value in year-to-date trading and has touched a low of $14.91 and a high of $35.77 in the current 52-week trading range. The BEN stock was last observed hovering at around $21.10 in the recent trading session, with the current gains setting it 0.05%.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
At last check, trading at $21.15, the stock is -0.42% and 5.11% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.55 million and changing 0.24% at the moment leaves the stock -8.25% off its SMA200. BEN registered -39.42% loss for a year compared to 6-month loss of -16.27%. The firm has a 50-day simple moving average (SMA 50) of $21.12 and a 200-day simple moving average (SMA200) of $21.04.
The stock witnessed a -6.39% gain in the last 1 month and extending the period to 3 months gives it a 25.52%, and is 3.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.16% over the week and 3.81% over the month.
Franklin Resources Inc. (BEN) has around 9600 employees, a market worth around $10.04B and $5.68B in sales. Current P/E ratio is 10.81 and Fwd P/E is 10.00. Profit margin for the company is 17.10%. Distance from 52-week low is 41.85% and -40.87% from its 52-week high. The company has generated returns on investments over the last 12 months (10.50%).
Franklin Resources Inc. (BEN) Analyst Forecasts
Franklin Resources Inc. quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $1.22B over the same period.The EPS is expected to shrink by -26.30% this year, but quarterly earnings will post -10.90% year-over-year. Quarterly sales are estimated to shrink -17.30% in year-over-year returns.
Franklin Resources Inc. (BEN) Top Institutional Holders
762 institutions hold shares in Franklin Resources Inc. (BEN), with 227.08M shares held by insiders accounting for 45.85% while institutional investors hold 96.47% of the company’s shares. The shares outstanding are 491.50M, and float is at 268.23M with Short Float at 11.64%. Institutions hold 52.24% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 37.02 million shares valued at $617.81 million. The investor’s holdings represent 7.47% of the BEN Shares outstanding. As of Mar 30, 2020, the second largest holder is State Street Corporation with 27.64 million shares valued at $461.35 million to account for 5.58% of the shares outstanding. The other top investors are Blackrock Inc. which holds 24.73 million shares representing 4.99% and valued at over $412.81 million, while Price (T.Rowe) Associates Inc holds 2.47% of the shares totaling 12.22 million with a market value of $204.02 million.
Franklin Resources Inc. (BEN) Insider Activity
A total of 8 insider transactions have happened at Franklin Resources Inc. (BEN) in the last six months, with sales accounting for 2 and purchases happening 6 times. The most recent transaction is an insider sale by Tyle Craig Steven, the company’s EVP & General Counsel. SEC filings show that Tyle Craig Steven sold 5,000 shares of the company’s common stock on Jun 01 at a price of $18.96 per share for a total of $94800.0. Following the sale, the insider now owns 99403.0 shares.
Franklin Resources Inc. disclosed in a document filed with the SEC on Mar 02 that Tyle Craig Steven (EVP & General Counsel) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 02 and was made at $21.95 per share for $0.11 million. Following the transaction, the insider now directly holds 0.1 million shares of the BEN stock.
Still, SEC filings show that on Dec 26, JOHNSON RUPERT H JR (Vice Chairman) disposed off 400,000 shares at an average price of $26.26 for $10.51 million. The insider now directly holds 102,453,045 shares of Franklin Resources Inc. (BEN).
Franklin Resources Inc. (BEN): Who are the competitors?
The company’s main competitors (and peers) include Federated Hermes Inc. (FHI) that is trading -34.17% down over the past 12 months. Short interest in the company’s stock has fallen -0.56% from the last report on May 28, 2020 to stand at a total of 30.5 million short shares sold with a short interest ratio of 7.21.