While Franklin Resources, Inc. has underperformed by -0.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BEN fell by -25.12%, with highs and lows ranging from $30.32 to $19.05, whereas the simple moving average fell by -22.16% in the last 200 days.
On August 27, 2024, Barclays started tracking Franklin Resources, Inc. (NYSE: BEN) recommending Underweight. A report published by Wells Fargo on January 08, 2024, Upgraded its rating to ‘Equal Weight’ for BEN. TD Cowen also rated BEN shares as ‘Market Perform’, setting a target price of $32 on the company’s shares in an initiating report dated January 04, 2024. BMO Capital Markets Initiated an Market Perform rating on July 10, 2023, and assigned a price target of $24. Wells Fargo initiated its ‘Underweight’ rating for BEN, as published in its report on December 15, 2022. Credit Suisse’s report from October 19, 2022 suggests a price prediction of $21 for BEN shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Underperform’.
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Analysis of Franklin Resources, Inc. (BEN)
A return on investment can be expected regardless of BEN’s performance over the next quarter with the dividend set at $1.23 per share. Further, the quarter-over-quarter increase in sales is 5.84%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Franklin Resources, Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 6.52% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BEN is recording an average volume of 4.46M. On a monthly basis, the volatility of the stock is set at 2.97%, whereas on a weekly basis, it is put at 2.83%, with a loss of -2.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.25, showing growth from the present price of $19.44, which can serve as yet another indication of whether BEN is worth investing in or should be passed over.
How Do You Analyze Franklin Resources, Inc. Shares?
A leading company in the Asset Management sector, Franklin Resources, Inc. (BEN) is based in the USA. When comparing Franklin Resources, Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.98, there is a growth in quarterly earnings of -27.20%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 46.34%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.65% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BEN shares are owned by institutional investors to the tune of 43.65% at present.
