Franklin Resources (BEN) Stock Price, News & Analysis

Company Overview

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. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Canada; Dubai, United Arab Emirates; Edinburgh, United Kingdom; Fort Lauderdale, United States; Hyderabad, India; London, United Kingdom; Rancho Cordova, United states; Shanghai, China; Singapore; Stamford, United States; and Vienna, Austria.

Key Stats

• Today's Range: $20.07 to $20.34
• 50-Day Range: $19.14 to $22.76
• 52-Week Range: $18.94 to $30.32
• Volume: 1.50 million shs
• Average Volume: 3.98 million shs
• Market Capitalization: $10.65 billion
• P/E Ratio: 12.42
• Dividend Yield: 6.12%
• Price Target: $21.43
• Consensus Rating: Reduce

Franklin Resources Stock Analysis - MarketRank™

Franklin Resources scored higher than 91% of companies evaluated by MarketBeat, and ranked 112th out of 899 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Franklin Resources has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 5 hold ratings, and 5 sell ratings.

Amount of Analyst Coverage

Franklin Resources has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 8.33%

Earnings Growth

Earnings for Franklin Resources are expected to grow by 8.33% in the coming year, from $2.40 to $2.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Franklin Resources is 12.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.12.

Price to Earnings Ratio vs. Sector

The P/E ratio of Franklin Resources is 12.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.12.

Price to Earnings Growth Ratio

Franklin Resources has a PEG Ratio of 2.29. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Franklin Resources has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.50% of the float of Franklin Resources has been sold short.

Short Interest Ratio / Days to Cover

Franklin Resources has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Franklin Resources has recently increased by 6.16%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Franklin Resources is a leading dividend payer. It pays a dividend yield of 6.00%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Franklin Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Franklin Resources is 70.86%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Franklin Resources will have a dividend payout ratio of 47.69% next year. This indicates that Franklin Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -0.55

Percentage of Shares Shorted

10.50% of the float of Franklin Resources has been sold short.

Short Interest Ratio / Days to Cover

Franklin Resources has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Franklin Resources has recently increased by 6.16%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.12

News Sentiment

Franklin Resources has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 27 news articles for Franklin Resources this week, compared to 10 articles on an average week.

Search Interest

Only 39 people have searched for BEN on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.

MarketBeat Follows

12 people have added Franklin Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Franklin Resources insiders have bought 331.59% more of their company's stock than they have sold. Specifically, they have bought $4,537,637.00 in company stock and sold $1,051,375.00 in company stock.

Percentage Held by Insiders

24.13% of the stock of Franklin Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

47.56% of the stock of Franklin Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BEN Stock Analysis - Frequently Asked Questions

How have BEN shares performed this year?

Franklin Resources' stock was trading at $29.79 at the beginning of the year. Since then, BEN stock has decreased by 32.1% and is now trading at $20.22.
View the best growth stocks for 2024 here.

How were Franklin Resources' earnings last quarter?

Franklin Resources, Inc. (NYSE:BEN) posted its earnings results on Friday, July, 26th. The closed-end fund reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The closed-end fund earned $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. Franklin Resources had a trailing twelve-month return on equity of 10.60% and a net margin of 10.24%.

Does Franklin Resources have any subsidiaries?

The following companies are subsidiaries of Franklin Resources: AdvisorEngine, Athena Capital Advisors, Benefit Street Partners, Random Forest Capital, Edinburgh Partners, K2 Advisors, Balanced Equity Management, and others.

Who are Franklin Resources' major shareholders?

Franklin Resources' top institutional investors include Vest Financial LLC (0.42%), Mather Group LLC. (0.11%), Foundation Resource Management Inc. (0.11%) and Sound Income Strategies LLC (0.10%). Insiders that own company stock include Charles B Johnson, Jennifer M Johnson, Jed A Plafker, Alok Sethi, Franklin Resources Inc, Mariann H Byerwalter and Gwen L Shaneyfelt.
View institutional ownership trends.

How do I buy shares of Franklin Resources?

Shares of BEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Franklin Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Franklin Resources investors own include Exxon Mobil (XOM), Chevron (CVX), JPMorgan Chase & Co. (JPM), AT&T (T), Tesla (TSLA), Walmart (WMT) and International Business Machines (IBM).

Company Calendar

• Last Earnings: 7/26/2024
• Ex-Dividend for 10/11 Dividend: 9/30/2024
• Dividend Payable: 10/11/2024
• Today: 10/24/2024
• Next Earnings (Confirmed): 11/04/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:BEN
• CUSIP: 35461310
• CIK: 38777
• Web: www.franklinresources.com
• Phone: (650) 312-2000
• Fax: 650-312-3655
• Employees: 9,200
• Year Founded: 1947

Price Target and Rating

• Average Stock Price Target: $21.43
• High Stock Price Target: $26.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: +6.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.75
• Trailing P/E Ratio: 12.39
• Forward P/E Ratio: 8.41
• P/E Growth: 2.29
• Net Income: $882.80 million
• Net Margins: 10.24%
• Pretax Margin: 16.47%
• Return on Equity: 10.60%
• Return on Assets: 4.40%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 1.71
• Quick Ratio: 1.71

Sales & Book Value

• Annual Sales: $8.25 billion
• Price / Sales: 1.29
• Cash Flow: $3.77 per share
• Price / Cash Flow: 5.35
• Book Value: $25.15 per share
• Price / Book: 0.80

Miscellaneous

• Outstanding Shares: 526,091,000
• Free Float: 396,799,000
• Market Cap: $10.62 billion
• Optionable: Optionable
• Beta: 1.39