Tuesday, September 22, 2020

Franklin Resources Inc. [BEN] moved up 0.10: Why It’s Important

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Franklin Resources Inc. [NYSE: BEN] traded at a high on 09/15/20, posting a 0.10 gain after which it closed the day’ session at $20.39. The company report on September 14, 2020 that Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution.

The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0765 per common share payable September 15, 2020, to shareholders of record as of August 31, 2020. It is currently estimated that $0.0331 per share represents net investment income and $0.0434 per share represents return of principal.

The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Fund’s common shares. The Fund will calculate the average NAV from the previous month based on the number of business days in that month on which the NAV is calculated. The distribution will be calculated as 10 percent of the previous month’s average NAV, divided by 12. Management will generally distribute amounts necessary to satisfy the Fund’s plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. The plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the NAV of the Fund’s common shares, but there is no assurance that the plan will be successful in doing so.

The results of the trading session contributed to over 2491378 shares changing hands. Over the past one week, the price volatility of Franklin Resources Inc. stands at 1.80% while the volatility over the past one month is 2.36%.

The market cap for BEN stock reached $10.02 billion, with 490.40 million shares outstanding and 268.40 million shares in the current float. Compared to the average trading volume of 3.34M shares, BEN reached a trading volume of 2491378 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Franklin Resources Inc. [BEN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BEN shares is $21.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BEN stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Franklin Resources Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 03, 2020. While these analysts kept the previous recommendation, Goldman raised their target price from $25 to $28. The new note on the price target was released on February 25, 2020, representing the official price target for Franklin Resources Inc. stock. Previously, the target price had yet another raise to $24, while BMO Capital Markets analysts kept a Market Perform rating on BEN stock. On January 31, 2020, analysts increased their price target for BEN shares from 25 to 28.

The Average True Range (ATR) for Franklin Resources Inc. is set at 0.54, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 14.19. Price to Free Cash Flow for BEN in the course of the last twelve months was 310.23.

How has BEN stock performed recently?

Franklin Resources Inc. [BEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.83. With this latest performance, BEN shares dropped by -7.11% in over the last four-week period, additionally plugging by 1.14% over the last 6 months – not to mention a drop of -31.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BEN stock in for the last two-week period is set at 40.90, with the RSI for the last a single of trading hit 37.61, and the three-weeks RSI is set at 44.18 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 21.20, while it was recorded at 20.29 for the last single week of trading, and 21.56 for the last 200 days.

Franklin Resources Inc. [BEN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Franklin Resources Inc. [BEN] shares currently have an operating margin of +26.84 and a Gross Margin at +66.65. Franklin Resources Inc.’s Net Margin is presently recorded at +20.61.

Return on Total Capital for BEN is now 12.81, given the latest momentum, and Return on Invested Capital for the company is 11.16. Return on Equity for this stock inclined to 11.96, with Return on Assets sitting at 8.19. When it comes to the capital structure of this company, Franklin Resources Inc. [BEN] has a Total Debt to Total Equity ratio set at 7.55. Additionally, BEN Total Debt to Total Capital is recorded at 7.02, with Total Debt to Total Assets ending up at 5.15. Long-Term Debt to Equity for the company is recorded at 7.31, with the Long-Term Debt to Total Capital now at 6.80.

Reflecting on the efficiency of the workforce at the company, Franklin Resources Inc. [BEN] managed to generate an average of $123,417 per employee. Receivables Turnover for the company is 6.82 with a Total Asset Turnover recorded at a value of 0.40.

Earnings analysis for Franklin Resources Inc. [BEN]

With the latest financial reports released by the company, Franklin Resources Inc. posted 0.61/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Franklin Resources Inc. go to -5.66%.

Insider trade positions for Franklin Resources Inc. [BEN]

There are presently around $5,004 million, or 51.60% of BEN stock, in the hands of institutional investors. The top three institutional holders of BEN stocks are: STATE STREET CORP with ownership of 32,256,973, which is approximately 16.695% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 31,154,917 shares of the stock with an approximate value of $635.25 million in BEN stocks shares; and BLACKROCK INC., currently with $590.93 million in BEN stock with ownership of nearly 17.174% of the company’s market capitalization.

Positions in Franklin Resources Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 223 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 23,811,700 shares. Additionally, 245 investors decreased positions by around 23,570,956 shares, while 75 investors held positions by with 198,042,081 shares. The mentioned changes placed institutional holdings at 245,424,737 shares, according to the latest SEC report filing. BEN stock had 58 new institutional investments in for a total of 2,316,988 shares, while 58 institutional investors sold positions of 3,491,524 shares during the same period.

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