Franklin Resources Inc. (NYSE:BEN) finished Thursday with a subtraction of -$0.02 to close at $27.94, a downside of -0.07 percent. An average of 2,215,940 shares of common stock have been traded in the last five days. There was a fall of -$0.44 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 3,684,200 shares traded, while the 50-day average volume stands at 3,339,978.
BEN stock has decreased by -1.72% in the last month. The company shares reached their 1-month lowest point of $27.07 on 07/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $20.24 and a high of $34.37 in 52 weeks. It has reached a new high 14 times so far this year and achieved 5.91% or $1.56 in price. In spite of this, the price is down -18.70% from the 52-week high.
Insider Transactions
BEN stock investors should be aware that Franklin Resources Inc. (BEN) stock had its last reported insider trading activity 191 days ago on Apr 28. In this transaction, the insider spent $917,325. President and CEO, JOHNSON JENNIFER M, disposed of 55,201 shares at a price of $28.75 on Aug 16. The insider now owns more than $1,587,211 worth of shares. Prior to that, Executive Vice President Plafker Jed A. went on to Sale 19,166 shares at $29.02 each on Aug 12. An amount of $556,188 was transacted.
Valuation Metrics
Franklin Resources Inc. (BEN) has a trailing price-to-earnings (P/E) ratio of 17.45. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.79, the price-to-book (PB) ratio at 1.15, and the price-to-cash flow ratio at 29.41.
The company has a payout ratio of 73.60%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday December 13 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.95 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Its gross profit as reported stood at $1.77 billion compared to revenue of $8.28 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 2.70%.
Earnings Surprise
For the three-month period that ended June 29, Franklin Resources Inc. had $3.36 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $227.5 million in the quarter, while revenues of $194.2 million were shrunk -12.7%. The analyst consensus anticipated Franklin Resources Inc.’s latest quarter earnings to come in at $0.6 per share, but it turned out to be $0.63, a 5.00% surprise. For the quarter, EBITDA amounted to $437.9 million. At the end of the quarter ending June 29, Franklin Resources Inc.’s stock balance sheet showed total debt was $3.85 billion. Shareholders own equity worth $498.98 million.
Technical Picture
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 10 August was 40.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.98%.
As of today, BEN’s price is $28.19 -1.55% or -$0.44 from its 5-day moving average. BEN is currently trading -4.35% lower than its 20-day SMA and +6.36% higher than its 100-day SMA. However, the stock’s current price level is +13.07% above the SMA50 and +24.01% above the SMA200.
The stochastic %K and %D were 14.84% and 21.01%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 11.74% and the average true range at 0.68, the RSI (14) stands at 46.92%. The stock has reached -0.39 on the 9-day MACD Oscillator while the 14-day reading was at -0.66.
Analyst Ratings
The consensus rating for Franklin Resources Inc. (BEN) among analysts is Underweight. According to current brokerage recommendations, 6 brokerage firms advise that investors sell BEN, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is BEN’s price target for the next 12 months?
Analysts predict a range of price targets between $23.00 and $30.00, with a median target of $26.50. Taking a look at these predictions, the average price target given by analysts for Franklin Resources Inc. (BEN) stock is $26.21.
