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.
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.
