As of Friday close, Franklin Resources Inc.’s (NYSE:BEN) stock was down -$0.69, moving down -2.56 percent to $26.27. The average number of shares traded per day over the past five days has been 8,452,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.30 fall in that time frame. In the last twenty days, the average volume was 4,375,930, while in the previous 50 days, it was 4,269,856.
Since last month, BEN stock retreated -17.23%. Shares of the company fell to $26.10 on 03/13/23, the lowest level in the past month. A 52-week high of $34.37 was reached on 02/02/23 after having rallying from a 52-week low of $20.24. Since the beginning of this year, BEN’s stock price has dropped by -0.42% or -$0.11, and marked a new high 14 times. However, the stock has declined by -23.56% since its 52-week high.
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BEN stock investors should be aware that Franklin Resources Inc. (BEN) stock had its last reported insider trading activity 45 days ago on Feb 01. Sethi Alok, the EVP, Technology and Operations of the company, disposed of 29,503 shares for $31.09 on Feb 01. It resulted in a $917,325 divestment by the insider. FRANKLIN RESOURCES INC added 10,134 shares at an average price of $4.21 on Nov 08. The insider now owns 9,990,587 shares following the transaction. On Nov 07, Affiliate of Investment Adv. FRANKLIN RESOURCES INC bought 44,574 shares at $4.24 apiece. The transaction was valued at $189,003.
Right now, Franklin Resources Inc. (BEN) has a P/E ratio of about 13.36. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.65, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 15.71 may also be considered.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.82, and the total debt-to-equity ratio was 0.82. In the year ended December 30, operating margins totaled 17.60%. Based on annual data, BEN earned $1.77 billion in gross profit and brought in $8.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.80%. Return on equity (ROE) for the past 12 months was 8.30%.
In Franklin Resources Inc.’s quarter-end financial report for December 30, it reported total debt of $3.37 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BEN’s revenue fell -13.06% to $1.94 billion during the quarter, while net income inched up to $1.97 billion. While analysts expected Franklin Resources Inc. to report $0.54 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated $314.7 million in EBITDA. The value of shareholders’ equity is $500.36 million.
This quick technical analysis looks at Franklin Resources Inc.’s (BEN) price momentum. With a historical volatility rate of 23.64%, the RSI 9-day stood at 21.57% on 17 March.
With respect to its five-day moving average, the current Franklin Resources Inc. price is down by -4.72% percent or -$1.30. At present, BEN shares trade -15.80% below its 20-day simple moving average and +16.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.61% below its SMA50 and -2.99% below its SMA200.
Stochastic coefficient K was 16.07% and Stochastic coefficient D was 21.65%, while ATR was 0.96. Given the Stochastic reading of 4.52% for the 14-day period, the RSI (14) reading has been calculated as 27.91%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -1.38.