Franklin Resources Inc. (NYSE:BEN) finished Wednesday with a subtraction of -$0.29 to close at $24.25, a downside of -1.18 percent. An average of 3,861,120 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,116,145 shares traded, while the 50-day average volume stands at 2,728,708.
BEN stock has decreased by -10.12% in the last month. The company shares reached their 1-month lowest point of $23.82 on 09/19/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $22.61 and a high of $38.27 in 52 weeks. It has reached a new high 7 times so far this year and lost -27.59% or -$9.24 in price. In spite of this, the price is down -36.63% from the 52-week high.
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37 days have passed since Franklin Resources Inc. (BEN) last reported insider trading activity. JOHNSON JENNIFER M, who is President and CEO, most recently acquired $55,201 shares at $28.75 per share on Aug 16. In this transaction, the insider spent $1,587,211. Executive Vice President, Plafker Jed A., disposed of 19,166 shares at a price of $29.02 on Aug 12. The insider now owns more than $556,188 worth of shares. Prior to that, Director Byerwalter Mariann H went on to Sale 3,135 shares at $23.37 each on Jun 15. An amount of $73,265 was transacted.
Franklin Resources Inc. (BEN) has a trailing price-to-earnings (P/E) ratio of 7.19. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.44, the price-to-book (PB) ratio at 1.02, and the price-to-cash flow ratio at 13.37.
The company has a payout ratio of 33.70%. The company’s most recent quarterly dividend payment was $0.29 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday December 14 2021.
Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.77 for the quarter ending June 29. Its gross profit as reported stood at $1.88 billion compared to revenue of $8.43 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Franklin Resources Inc.’s return on assets was 6.40%.
For the three-month period that ended June 29, Franklin Resources Inc. had $3.38 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $256.4 million in the quarter, while revenues of $349.6 million were shrunk -70.98%. The analyst consensus anticipated Franklin Resources Inc.’s latest quarter earnings to come in at $0.73 per share, but it turned out to be $0.82, a 12.30% surprise. For the quarter, EBITDA amounted to $527.2 million. At the end of the quarter ending June 29, Franklin Resources Inc.’s stock balance sheet showed total debt was $3.94 billion. Shareholders own equity worth $498.36 million.
From a technical analysis perspective, let’s take a brief look at Franklin Resources Inc. (BEN) price momentum. RSI 9-day as of the close on 21 September was 30.83%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.49%.
As of today, BEN’s price is $24.46 -1.18% or -$0.29 from its 5-day moving average. BEN is currently trading -10.28% lower than its 20-day SMA and -6.55% lower than its 100-day SMA. However, the stock’s current price level is +0.92% above the SMA50 and -23.96% below the SMA200.
The stochastic %K and %D were 23.81% and 20.76%, respectively, and the average true range (ATR) was 0.75. With the 14-day stochastic at 14.29% and the average true range at 0.73, the RSI (14) stands at 34.01%. The stock has reached -0.42 on the 9-day MACD Oscillator while the 14-day reading was at -0.79.
BofA Securities downgraded Franklin Resources Inc. (NYSE: BEN) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Franklin Resources Inc. (BEN) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell BEN, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.