2 weeks Ago By Defense World Staff
Franklin Resources, Inc. ( NYSE:BEN – Get Free Report ) has been assigned an average recommendation of “Reduce” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company.
The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.20. Several equities research analysts have recently weighed in on the company.
Wells Fargo & Company increased their price target on Franklin Resources from $19.00 to $19.50 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th.
Evercore ISI lowered their target price on shares of Franklin Resources from $20.00 to $19.00 and set an “underperform” rating for the company in a research note on Friday, October 4th.
Barclays lowered their price target on Franklin Resources from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Monday, October 14th.
TD Cowen cut their price target on Franklin Resources from $20.00 to $18.50 and set a “hold” rating on the stock in a research note on Tuesday, November 5th.
Finally, StockNews.com upgraded shares of Franklin Resources from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Read Our Latest Stock Report on BEN Insider Buying and Selling Institutional Trading of Franklin Resources Large investors have recently made changes to their positions in the business.
MFA Wealth Advisors LLC acquired a new stake in Franklin Resources during the third quarter worth about $26,000. Altshuler Shaham Ltd acquired a new stake in Franklin Resources during the second quarter valued at $27,000. Matrix Trust Co purchased a new position in Franklin Resources in the third quarter valued at $29,000.
Sentry Investment Management LLC acquired a new position in shares of Franklin Resources in the second quarter worth about $30,000. Finally, Larson Financial Group LLC boosted its stake in shares of Franklin Resources by 254.4% during the 3rd quarter.
Larson Financial Group LLC now owns 1,779 shares of the closed-end fund’s stock worth $36,000 after acquiring an additional 1,277 shares in the last quarter. 47.56% of the stock is owned by hedge funds and other institutional investors.
Franklin Resources Stock Up 0.4 % NYSE BEN opened at $22.76 on Friday.
Franklin Resources has a 52 week low of $18.94 and a 52 week high of $30.32.
The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 2.
46 and a beta of 1.38. The company has a quick ratio of 1.
63, a current ratio of 1.63 and a debt-to-equity ratio of 0.92.
The company has a fifty day moving average of $20.90 and a two-hundred day moving average of $21.70.
Franklin Resources ( NYSE:BEN – Get Free Report ) last released its quarterly earnings results on Monday, November 4th. The closed-end fund reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.
60 by ($0.01). Franklin Resources had a return on equity of 9.
62% and a net margin of 5.48%. The firm had revenue of $2.
21 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm posted $0.
84 earnings per share. Franklin Resources’s revenue for the quarter was up 11.3% on a year-over-year basis.
On average, analysts predict that Franklin Resources will post 2.39 earnings per share for the current year. About Franklin Resources ( Get Free Report Franklin Resources, Inc is a publicly owned asset management holding company.
Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. Read More Five stocks we like better than Franklin Resources What is the Dow Jones Industrial Average (DJIA)? ServiceNow: Will the High-Flyer Finally Split in 2024? Insider Buying Explained: What Investors Need to Know MarketBeat Week in Review – 11/25 – 11/29 Investing In Preferred Stock vs.
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