The stock of Franklin Resources Inc. (NYSE:BEN) decreased by -$0.88 on Tuesday to finish at $26.94, down -3.16 percent. The last five days have seen an average of 2,041,360 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.56. The average number of shares traded over the last 20 days was 3,543,755, while the average volume over the last 50 days totaled 3,207,042.
BEN stock dropped -6.78% since last month. On 08/15/23, the company’s shares reached a one-month low of $26.92. The stock touched a high of $34.37 on 02/02/23, after rallying from a low of $20.24 in 52 weeks. The price of BEN stock has risen by 2.12% or $0.56 this year, reaching a new high 14 times. Still, the stock price is down -21.61% from the 52-week high.
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Insider Transactions
BEN stock investors should be aware that Franklin Resources Inc. (BEN) stock had its last reported insider trading activity 110 days ago on Apr 28. On Apr 28, Affiliate – Investment Adviser FRANKLIN RESOURCES INC acquired 2,465,483 shares at $10.14 each. This transaction resulted in the insider spending $25,000,000. On Feb 01, Sethi Alok sold 29,503 shares at a price of US$31.09. After the transaction, the insider now owns 92,132 shares. Affiliate of Investment Adv. FRANKLIN RESOURCES INC had earlier bought 10,134 shares on Nov 08 for $4.21 a share. The transaction was completed for $42,641.
Valuation Metrics
Franklin Resources Inc. (BEN) has a trailing price-to-earnings (P/E) ratio of 16.83. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 1.11, and the price-to-cash flow ratio of 12.51.
Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year. A $0.01 dividend increase was reported on Tuesday December 13 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.95, and the total debt to equity ratio is 0.95. Franklin Resources Inc.’s operating margin stood at 14.30% for the same period. Based on annual data, it had gross profit of $1.77 billion and revenue of $8.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BEN’s return on assets (ROA) during the last 12 months has been 2.70%. There was a 6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.70%.
Earnings Surprise
According to Franklin Resources Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.97 billion, while revenues fell by -3.16% to $1.93 billion. It was predicted that Franklin Resources Inc.’s quarterly earnings would be $0.63, but it ended up being $0.6, beating the consensus by 5.00%. EBITDA was $437.9 million for the quarter. At the end of Franklin Resources Inc.’s most recent quarter ended June 29, its total debt was $3.85 billion. Equity owned by shareholders amounts to $498.98 million.
Technical Picture
Here’s a quick look at Franklin Resources Inc.’s (BEN) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 26.75%, suggesting the stock is oversold, with a 16.46% historical volatility rate.
The stochastic %K and %D were 7.51% and 10.13% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 0.47%, the RSI (14) reading is 37.31%. On the 9-day MACD Oscillator, the stock is at -0.44, and the 14-day reading is at -0.75.
Analyst Ratings
Analysts have assigned Franklin Resources Inc. (BEN) an Underweight rating. BEN is a stock that is recommended for selling by 6 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is BEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $23.00 and $30.00, with a median target price of $26.50. In analyzing these forecasts, the average price target given by analysts for Franklin Resources Inc. (BEN) is $26.23.
