Sunday, March 7, 2021

Franklin Resources Inc. [BEN] is 10.08% higher this YTD. Is it still time to buy?

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Franklin Resources Inc. [NYSE: BEN] gained 1.93% on the last trading session, reaching $27.51 price per share at the time. The company report on February 17, 2021 that Kim Catechis to Join Franklin Templeton Investment Institute as Investment Strategist.

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Franklin Templeton announced that Kim Catechis, currently Head of Investment Strategy at Martin Currie, will join the newly launched Franklin Templeton Investment Institute, the firm’s forum for investment insights and their practical application, as Investment Strategist effective April 1, 2021. Catechis will continue to be based in Edinburgh, Scotland, and will report to Stephen Dover, Chief Market Strategist and Head of Franklin Templeton Investment Institute.


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Catechis’ new role is a natural evolution of his work sharing investment insights on global themes at Martin Currie, a specialist investment manager within Franklin Templeton, allowing a broader group of clients at Franklin Templeton to benefit from his well-rounded expertise cultivated over three decades in the investment industry. With a focus on supporting Europe, the Middle East and Africa (EMEA), Catechis will deliver timely investment thought leadership and actionable insights to current and prospective clients, distribution professionals and other stakeholders.

Franklin Resources Inc. represents 491.10 million in outstanding shares, while the company has a total market value of $13.64 billion with the latest information. BEN stock price has been found in the range of $27.10 to $27.605.

If compared to the average trading volume of 3.58M shares, BEN reached a trading volume of 4289134 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $25.38 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 3.30. 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.

Goldman have made an estimate for Franklin Resources Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 05, 2021. The new note on the price target was released on November 23, 2020, representing the official price target for Franklin Resources Inc. stock. Previously, the target price had yet another raise from $24 to $28, while Keefe Bruyette kept a Outperform rating on BEN stock. On October 09, 2020, analysts increased their price target for BEN shares from 20 to 26.

The Average True Range (ATR) for Franklin Resources Inc. is set at 0.82, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 8.91. Price to Free Cash Flow for BEN in the course of the last twelve months was 20.96.

Trading performance analysis for BEN stock

Franklin Resources Inc. [BEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.07. With this latest performance, BEN shares gained by 1.78% in over the last four-week period, additionally plugging by 26.95% over the last 6 months – not to mention a rise of 7.17% 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 57.43, with the RSI for the last a single of trading hit 57.09, and the three-weeks RSI is set at 57.89 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 25.87, while it was recorded at 27.58 for the last single week of trading, and 22.18 for the last 200 days.

Franklin Resources Inc. [BEN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Franklin Resources Inc. [BEN] shares currently have an operating margin of +24.25 and a Gross Margin at +66.68. Franklin Resources Inc.’s Net Margin is presently recorded at +14.10.

Return on Total Capital for BEN is now 9.43, given the latest momentum, and Return on Invested Capital for the company is 6.14. Return on Equity for this stock inclined to 7.83, with Return on Assets sitting at 4.51. When it comes to the capital structure of this company, Franklin Resources Inc. [BEN] has a Total Debt to Total Equity ratio set at 49.15. Additionally, BEN Total Debt to Total Capital is recorded at 32.95, with Total Debt to Total Assets ending up at 24.59. Long-Term Debt to Equity for the company is recorded at 47.06, with the Long-Term Debt to Total Capital now at 31.55.

Reflecting on the efficiency of the workforce at the company, Franklin Resources Inc. [BEN] managed to generate an average of $66,407 per employee. Receivables Turnover for the company is 5.45 with a Total Asset Turnover recorded at a value of 0.32.

Franklin Resources Inc. [BEN]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Franklin Resources Inc. posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.42/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 57.10%. 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 4.69%.

An analysis of insider ownership at Franklin Resources Inc. [BEN]

There are presently around $6,224 million, or 49.20% of BEN stock, in the hands of institutional investors. The top three institutional holders of BEN stocks are: VANGUARD GROUP INC with ownership of 31,487,649, which is approximately 5.744% of the company’s market cap and around 18.70% of the total institutional ownership; STATE STREET CORP, holding 27,403,029 shares of the stock with an approximate value of $753.86 million in BEN stocks shares; and BLACKROCK INC., currently with $736.33 million in BEN stock with ownership of nearly -5.926% of the company’s market capitalization.

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Positions in Franklin Resources Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 239 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 23,495,038 shares. Additionally, 244 investors decreased positions by around 29,128,174 shares, while 79 investors held positions by with 173,606,371 shares. The mentioned changes placed institutional holdings at 226,229,583 shares, according to the latest SEC report filing. BEN stock had 81 new institutional investments in for a total of 10,550,986 shares, while 56 institutional investors sold positions of 11,747,206 shares during the same period.

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