What Analysts Say about the Franklin Resources Inc. (BEN) Stock

Franklin Resources Inc. (NYSE:BEN) saw a downside of -1.04% to $29.63 after subtracting -$0.31 on Tuesday. The 5-day average trading volume is 2,351,007 shares of the company’s common stock. It has gained $31.04 in the past week. An average of 2,538,557 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,459,445.

BEN’s 1-month performance is -4.41% or -$1.89 on its low of $28.91 reached on 10/12/21. The company’s shares have touched a 52-week low of $17.97 and high of $35.94, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, BEN has achieved 19.81% or $4.44. However, the current price is down -17.56%% from the 52-week high price.


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Insider Transactions

On Aug 19, 54 days have gone by since the last insider trading activity for Franklin Resources Inc. (BEN). JOHNSON JENNIFER M (President and CEO) most recently sold 52,789 shares at $30.37 per share on Aug 19. This transaction cost the insider $1,603,202. Chief Accounting Officer, Shaneyfelt Gwen L, sold 5,000 shares at a price of $33.51 on Aug 11. Then, on Jun 15, Director Byerwalter Mariann H sold 2,400 shares at a price of $33.91 per share. This transaction amounted to $81,384.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 39.20 and a low of 6.096. BEN stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.94 while the price-to-book (PB) in the most recent quarter is 1.35, with the price to cash flow ratio at 33.81.

Franklin Resources Inc. pays an annual dividend of $1.12 per share. Its dividend yield is 3.78% and the payout ratio is 45.40%. BEN paid $0.28 a share compared with prior rate of $0.28, down 0.0% from last year’s. The company has boosted its dividend for the last 40 consecutive years with the latest dividend increase of $0.01 reported on Tuesday December 15 2020. Measured over the last 3 years, the Dividend has been growing by 31.33% yearly.

It is projected that Franklin Resources Inc.’s next ex-dividend date will be on 31-Dec. BEN is expected to distribute $0.28 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.61, while the total debt to equity was 0.00 while for the period ending June 29; Franklin Resources Inc.’s operating margin was 17.70%. The firm’s gross profit as reported stood at $1.05 billion against revenue of $5.57 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BEN to announce $0.77 per share in earnings in its latest quarter, but it posted $0.96, representing a 24.70% surprise. EBITDA for the quarter stood at more than $582.6 million. BEN stock balance sheet for the quarter ending June 29 shows that, with total debt at $4.03 billion. Shareholders hold equity totaling $502.85 million

Technical Picture

Let’s look briefly at Franklin Resources Inc. (BEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 36.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.76%.

The stock’s 5-day moving average is $30.08, reflecting a -2.53% or -$0.77 change from its current price. BEN is currently trading -6.02% above its 20-day SMA, -11.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.13% and +18.69% respectively.

Stochastic %K and %D was 16.83% and 24.30% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 39.91%, while the 14-day stochastic is at 14.87% with the period’s ATR at 0.85. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.66 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Franklin Resources Inc. (NYSE: BEN), BMO Capital Markets upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for BEN stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate BEN as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is BEN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $26.00 and a high of $38.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for Franklin Resources Inc. (BEN) stock is $31.85.

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