Franklin Resources, Inc. (BEN) looking to reclaim success with recent performance

With 2.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.5 million shares. The 52-week range on BEN shows that it touched its highest point at $32.65 and its lowest point at $21.88 during that stretch. It currently has a 1-year price target of $27.56. With its current market cap of 14.07 billion, BEN has annualized dividend of $1.24 while the current yield stands at 4.63%. Beta for the stock currently stands at 1.42.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BEN was up-trending over the past week, with a rise of 0.34%, but this was down by -8.90% over a month. Three-month performance surged to 12.13% while six-month performance fell -5.08%. The stock lost -16.81% in the past year, while it has lost -10.31% so far this year. A look at the trailing 12-month EPS for BEN yields 1.89 with Next year EPS estimates of 2.89. For the next quarter, that number is 0.58. This implies an EPS growth rate of -2.80% for this year and 14.39% for next year. EPS is expected to grow by 10.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.38%.

Float and Shares Shorts:

At present, 495.94 million BEN shares are outstanding with a float of 270.33 million shares on hand for trading. On Jan 11, 2024, short shares totaled 9.6 million, which was 1.94% higher than short shares on Dec 14, 2023. In addition to Ms. Jennifer M. Johnson as the firm’s President, CEO & Director, Mr. Rupert Harris Johnson Jr. serves as its Vice Chairman.

Institutional Ownership:

Through their ownership of 52.28% of BEN’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BEN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BEN analysts setting a high price target of $30.00 and a low target of $24.00, the average target price over the next 12 months is $27.56. Based on these targets, BEN could surge 12.28% to reach the target high and fall by -10.18% to reach the target low. Reaching the average price target will result in a growth of 3.14% from current levels.

Summary of Insider Activity:

Insiders traded BEN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 1,149,147 while 224,214 shares were sold.