Franklin Resources, Inc. (NYSE: BEN) is -26.59% lower on its value in year-to-date trading and has touched a low of $20.92 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 $21.51 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $21.87, the stock is -3.64% and -3.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing 1.67% at the moment leaves the stock -13.35% off its SMA200. BEN registered -21.64% loss for a year compared to 6-month loss of -22.20%.
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The stock witnessed a -5.85% gain in the last 1 month and extending the period to 3 months gives it a -8.68%, and is 0.37% 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 2.60% over the week and 2.93% over the month.
Franklin Resources, Inc. (BEN) has around 9200 employees, a market worth around $11.44B and $8.25B in sales. Current P/E ratio is 13.47 and Fwd P/E is 8.15. Profit margin for the company is 9.82%. Distance from 52-week low is 4.54% and -27.87% from its 52-week high. The company has generated returns on investments over the last 12 months (3.06%).
The EPS is expected to shrink by -7.84% this year.
Franklin Resources, Inc. (BEN) Top Institutional Holders
The shares outstanding are 495.94M, and float is at 282.63M with Short Float at 7.72%.
Franklin Resources, Inc. (BEN) Insider Activity
The most recent transaction is an insider purchase by JOHNSON CHARLES B,the company’s10% Owner. SEC filings show that JOHNSON CHARLES B bought 200,000 shares of the company’s common stock on Jun 21 ’24 at a price of $22.80 per share for a total of $4.56 million. Following the purchase, the insider now owns 88.7 million shares.
Franklin Resources, Inc. disclosed in a document filed with the SEC on Jun 18 ’24 that JOHNSON CHARLES B (10% Owner) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $22.29 per share for $2.23 million. Following the transaction, the insider now directly holds 88.5 million shares of the BEN stock.
Still, SEC filings show that on Dec 14 ’23, Sethi Alok (EVP, Head of Global Operations) disposed off 22,000 shares at an average price of $29.27 for $0.64 million. The insider now directly holds 70,481 shares of Franklin Resources, Inc. (BEN).
