Franklin Resources, Inc. (NYSE: BEN) is -33.84% lower on its value in year-to-date trading and has touched a low of $18.94 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 $20.15 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $19.71, the stock is -2.24% and -6.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.17 million and changing -2.18% at the moment leaves the stock -20.05% off its SMA200. BEN registered -19.81% loss for a year compared to 6-month loss of -27.75%. The firm has a 50-day simple moving average (SMA 50) of $21.1032 and a 200-day simple moving average (SMA200) of $24.61185.
The stock witnessed a -2.62% gain in the last 1 month and extending the period to 3 months gives it a -11.34%, and is -6.32% 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 2.36% over the week and 2.34% over the month.
Franklin Resources, Inc. (BEN) has around 9200 employees, a market worth around $10.31B and $8.25B in sales. Current P/E ratio is 12.14 and Fwd P/E is 7.45. Profit margin for the company is 9.82%. Distance from 52-week low is 4.04% and -34.99% from its 52-week high. The company has generated returns on investments over the last 12 months (3.06%).
with sales reaching $1.69B over the same period.The EPS is expected to shrink by -7.75% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.
Franklin Resources, Inc. (BEN) Top Institutional Holders
830.0 institutions hold shares in Franklin Resources, Inc. (BEN), with institutional investors hold 82.54% of the company’s shares. The shares outstanding are 495.94M, and float is at 280.56M with Short Float at 9.89%. Institutions hold 43.93% 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 Sep 11 ’24 at a price of $19.08 per share for a total of $1.91 million. Following the purchase, the insider now owns 89.31 million shares.
Franklin Resources, Inc. disclosed in a document filed with the SEC on Aug 29 ’24 that JOHNSON CHARLES B (10% Owner) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $19.84 per share for $1.98 million. Following the transaction, the insider now directly holds 89.21 million shares of the BEN stock.
Still, SEC filings show that on Aug 28 ’24, JOHNSON JENNIFER M (President and CEO) acquired 12,700 shares at an average price of $19.66 for $0.25 million. The insider now directly holds 2,637,700 shares of Franklin Resources, Inc. (BEN).
