Franklin Resources, Inc. (NYSE: BEN) is -24.07% 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 $22.73 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $22.62, the stock is 1.14% and 0.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing -0.48% at the moment leaves the stock -10.37% off its SMA200. BEN registered -13.86% loss for a year compared to 6-month loss of -16.53%.
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The stock witnessed a -3.91% gain in the last 1 month and extending the period to 3 months gives it a -5.51%, and is 3.43% 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 1.25% over the week and 2.63% over the month.
Franklin Resources, Inc. (BEN) has around 9200 employees, a market worth around $11.83B and $8.25B in sales. Current P/E ratio is 13.94 and Fwd P/E is 8.44. Profit margin for the company is 9.82%. Distance from 52-week low is 8.13% and -25.40% 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 -7.88% this year.
Franklin Resources, Inc. (BEN) Top Institutional Holders
840.0 institutions hold shares in Franklin Resources, Inc. (BEN), with institutional investors hold 93.84% of the company’s shares. The shares outstanding are 495.94M, and float is at 280.24M with Short Float at 7.79%. Institutions hold 49.99% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 35.89 million shares valued at $1.01 billion. The investor’s holdings represent 6.9231 of the BEN Shares outstanding. As of 2024-03-31, the second largest holder is POWER CORP OF CANADA with 31.56 million shares valued at $887.07 million to account for 6.0874 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 31.28 million shares representing 6.034 and valued at over $879.29 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 4.6349 of the shares totaling 24.03 million with a market value of $675.41 million.
Franklin Resources, Inc. (BEN) Insider Activity
The most recent transaction is an insider purchase by JOHNSON CHARLES B, the company’s 10% 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).
