Franklin Resources, Inc. (NYSE: BEN) is -33.40% lower on its value in year-to-date trading and has touched a low of $19.50 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 $20.18 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $19.84, the stock is -6.80% and -10.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.75 million and changing -1.68% at the moment leaves the stock -20.93% off its SMA200. BEN registered -26.16% loss for a year compared to 6-month loss of -28.25%.
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The stock witnessed a -7.55% gain in the last 1 month and extending the period to 3 months gives it a -15.39%, and is -2.46% down 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 2.72% over the week and 3.01% over the month.
Franklin Resources, Inc. (BEN) has around 9200 employees, a market worth around $10.38B and $8.25B in sales. Current P/E ratio is 12.22 and Fwd P/E is 7.44. Profit margin for the company is 9.82%. Distance from 52-week low is 1.74% and -34.56% 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 -7.69% this year
838.0 institutions hold shares in Franklin Resources, Inc. (BEN), with institutional investors hold 93.98% of the company’s shares. The shares outstanding are 495.94M, and float is at 280.44M with Short Float at 8.37%. Institutions hold 49.99% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 35.59 million shares valued at $795.52 million. The investor’s holdings represent 6.866 of the BEN Shares outstanding. As of 2024-06-30, the second largest holder is POWER CORP OF CANADA with 32.22 million shares valued at $720.17 million to account for 6.2157 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 32.02 million shares representing 6.176 and valued at over $715.57 million, while STATE STREET CORP holds 3.9654 of the shares totaling 20.56 million with a market value of $465.73 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 100,000 shares of the company’s common stock on Aug 29 ’24 at a price of $19.84 per share for a total of $1.98 million. Following the purchase, the insider now owns 89.21 million shares.
Franklin Resources, Inc. disclosed in a document filed with the SEC on Aug 28 ’24 that JOHNSON JENNIFER M (President and CEO) bought a total of 12,700 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $19.66 per share for $0.25 million. Following the transaction, the insider now directly holds 2.64 million shares of the BEN stock.
Still, SEC filings show that on Aug 23 ’24, JOHNSON JENNIFER M (President and CEO) acquired 18,900 shares at an average price of $20.95 for $0.4 million. The insider now directly holds 216,900 shares of Franklin Resources, Inc. (BEN).
