As of Friday close, Franklin Resources Inc.’s (NYSE:BEN) stock was down -$0.16, moving down -0.64 percent to $25.02. The average number of shares traded per day over the past five days has been 2,086,900 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.23 fall in that time frame. In the last twenty days, the average volume was 2,399,775, while in the previous 50 days, it was 2,887,902.
Since last month, BEN stock retreated -3.73%. Shares of the company fell to $24.96 on 09/22/23, 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 -5.16% or -$1.36, and marked a new high 14 times. However, the stock has declined by -27.19% 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 148 days ago on Apr 28. FRANKLIN RESOURCES INC, the Affiliate – Investment Adviser of the company, purchased of 2,465,483 shares for $10.14 on Apr 28. It resulted in a $25,000,000 investment by the insider. Sethi Alok sold 29,503 shares at an average price of $31.09 on Feb 01. The insider now owns 92,132 shares following the transaction. On Nov 08, Affiliate of Investment Adv. FRANKLIN RESOURCES INC bought 10,134 shares at $4.21 apiece. The transaction was valued at $42,641.
Valuation Metrics
Right now, Franklin Resources Inc. (BEN) has a P/E ratio of about 15.63. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 1.60, the price-to-book (PB) ratio of 1.03, and the price-to-cash flow ratio of 11.59 may also be considered.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.95, and the total debt-to-equity ratio was 0.95. In the year ended June 29, operating margins totaled 14.30%. 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 6.70%.
In Franklin Resources Inc.’s quarter-end financial report for June 29, it reported total debt of $3.36 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 -3.16% to $1.93 billion during the quarter, while net income inched up to $1.97 billion. While analysts expected Franklin Resources Inc. to report $0.6 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by 5.00%. During the quarter, the company generated $437.9 million in EBITDA. The value of shareholders’ equity is $498.98 million.
Technical Picture
This quick technical analysis looks at Franklin Resources Inc.’s (BEN) price momentum. With a historical volatility rate of 17.45%, the RSI 9-day stood at 25.53% on 22 September.
With respect to its five-day moving average, the current Franklin Resources Inc. price is down by -4.69% percent or -$1.23. At present, BEN shares trade -2.30% below its 20-day simple moving average and -4.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.34% below its SMA50 and -7.71% below its SMA200.
Stochastic coefficient K was 26.54% and Stochastic coefficient D was 35.13%, while ATR was 0.50. Given the Stochastic reading of 3.27% for the 14-day period, the RSI (14) reading has been calculated as 31.60%. As of today, the MACD Oscillator reading stands at -0.51, while the 14-day reading stands at -0.56.
Analyst Ratings
Franklin Resources Inc. (BEN) has been rated Underweight by analysts. According to 6 brokerage firms, BEN is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Franklin Resources Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $26.50, the current consensus forecast for the stock is $23.00 – $30.00. Based on these forecasts, analysts predict Franklin Resources Inc. (BEN) will achieve an average price target of $26.17.
