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Franklin Resources, Inc. (BEN) – key numbers that make it a Strong Buy For Now

Franklin Resources, Inc. (NYSE: BEN) is -7.28% lower on its value in year-to-date trading and has touched a low of $21.88 and a high of $30.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BEN stock was last observed hovering at around $28.11 in the last trading session, with the day’s loss setting it -0.49%.

Currently trading at $27.62, the stock is 0.21% and 1.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -1.74% at the moment leaves the stock 4.31% off its SMA200. BEN registered 4.11% gain for a year compared to 6-month gain of 12.92%. The firm has a 50-day simple moving average (SMA 50) of $2.85 and a 200-day simple moving average (SMA200) of $10.79.

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The stock witnessed a 0.62% loss in the last 1 month and extending the period to 3 months gives it a -8.12%, and is 0.91% 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 1.96% over the week and 2.09% over the month.

Franklin Resources, Inc. (BEN) has around 9200 employees, a market worth around $14.54B and $7.93B in sales. Current P/E ratio is 14.58 and Fwd P/E is 9.57. Profit margin for the company is 11.71%. Distance from 52-week low is 26.23% and -8.91% from its 52-week high. The company has generated returns on investments over the last 12 months (3.92%).

Franklin Resources, Inc. quarterly earnings per share for the current quarter are estimated at $0.58 with sales reaching $1.67B over the same period.The EPS is expected to shrink by -2.63% this year, but quarterly earnings will post 8.30% year-over-year.

Franklin Resources, Inc. (BEN) Top Institutional Holders

816 institutions hold shares in Franklin Resources, Inc. (BEN), with institutional investors hold 81.40% of the company’s shares. The shares outstanding are 495.94M, and float is at 285.48M with Short Float at 7.16%. Institutions hold 48.65% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 34.78 million shares valued at $929.07 million. The investor’s holdings represent 6.97% of the BEN Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 31.76 million shares valued at $848.26 million to account for 6.36% of the shares outstanding. The other top investors are Blackrock Inc. which holds 29.11 million shares representing 5.83% and valued at over $777.65 million, while Capital Research Global Investors holds 4.53% of the shares totaling 22.6 million with a market value of $603.62 million.

Franklin Resources, Inc. (BEN) Insider Activity

The most recent transaction is an insider sale by Sethi Alok,the company’sEVP, Head of Global Operations. SEC filings show that Sethi Alok sold 22,000 shares of the company’s common stock on Dec 14 ’23 at a price of $29.27 per share for a total of $0.64 million. Following the sale, the insider now owns 70481.0 shares.

Franklin Resources, Inc. disclosed in a document filed with the SEC on Dec 05 ’23 that Sethi Alok (EVP, Head of Global Operations) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 05 ’23 and was made at $25.38 per share for $0.63 million. Following the transaction, the insider now directly holds 92481.0 shares of the BEN stock.

Still, SEC filings show that on Oct 10 ’23, Byerwalter Mariann H (Director) disposed off 6,011 shares at an average price of $24.01 for $0.14 million. The insider now directly holds 10,494 shares of Franklin Resources, Inc. (BEN).

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