BMO Capital Markets lifts Franklin Resources Inc. [BEN] price estimate. Who else is bullish?


Franklin Resources Inc. [NYSE: BEN] loss -1.05% on the last trading session, reaching $33.86 price per share at the time. The company report on January 5, 2022 that Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, Affiliates of Benefit Street Partners, Acquire Encina Equipment Finance, LLC.

Franklin BSP Lending Corporation (“FBLC”) and Franklin BSP Capital Corporation (“FBCC”), business development companies advised by affiliates of Benefit Street Partners L.L.C. (“BSP”), today announced the acquisition of substantially all of the equity interests of Encina Equipment Finance, LLC (“Encina Equipment” or “EEF”), a leading non-bank equipment finance platform providing secured leases and loans to middle-market companies. The acquisition provides EEF with a capital base to support the continued expansion of its platform as a leading equipment finance solutions provider in the US and Canada.

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Encina Equipment provides leases and loans secured by revenue-producing, essential-use equipment ranging in size from approximately $5 million to $50 million to middle-market, non-investment grade companies across a range of industries. Since its inception in 2017, EEF has underwritten more than 125 transactions totaling over $1 billion in cumulative funded volume.

Franklin Resources Inc. represents 488.70 million in outstanding shares, while the company has a total market value of $16.97 billion with the latest information. BEN stock price has been found in the range of $33.85 to $34.93.

If compared to the average trading volume of 2.63M shares, BEN reached a trading volume of 3657152 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 $36.70 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 3.20. 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.

BMO Capital Markets have made an estimate for Franklin Resources Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 17, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on December 16, 2021, representing the official price target for Franklin Resources Inc. stock. Previously, the target price had yet another raise from $35 to $45, while Keefe Bruyette kept a Outperform rating on BEN stock. On November 02, 2021, analysts increased their price target for BEN shares from 32.50 to 43.

The Average True Range (ATR) for Franklin Resources Inc. is set at 0.89, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 9.27. Price to Free Cash Flow for BEN in the course of the last twelve months was 27.98.

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 0.03. With this latest performance, BEN shares gained by 4.73% in over the last four-week period, additionally plugging by 8.94% over the last 6 months – not to mention a rise of 32.63% 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 52.33, with the RSI for the last a single of trading hit 53.42, and the three-weeks RSI is set at 52.09 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 33.94, while it was recorded at 33.68 for the last single week of trading, and 32.11 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 +25.52 and a Gross Margin at +71.09. Franklin Resources Inc.’s Net Margin is presently recorded at +20.59.

Return on Total Capital for BEN is now 11.81, given the latest momentum, and Return on Invested Capital for the company is 10.47. Return on Equity for this stock inclined to 16.44, with Return on Assets sitting at 7.90. When it comes to the capital structure of this company, Franklin Resources Inc. [BEN] has a Total Debt to Total Equity ratio set at 67.62. Additionally, BEN Total Debt to Total Capital is recorded at 40.34, with Total Debt to Total Assets ending up at 31.40. Long-Term Debt to Equity for the company is recorded at 65.81, with the Long-Term Debt to Total Capital now at 39.26.

Reflecting on the efficiency of the workforce at the company, Franklin Resources Inc. [BEN] managed to generate an average of $170,243 per employee. Receivables Turnover for the company is 6.48 with a Total Asset Turnover recorded at a value of 0.38.

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

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 10.64%.

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

There are presently around $7,566 million, or 46.00% of BEN stock, in the hands of institutional investors. The top three institutional holders of BEN stocks are: VANGUARD GROUP INC with ownership of 32,561,416, which is approximately 1.168% of the company’s market cap and around 18.70% of the total institutional ownership; STATE STREET CORP, holding 26,598,994 shares of the stock with an approximate value of $910.22 million in BEN stocks shares; and BLACKROCK INC., currently with $892.44 million in BEN stock with ownership of nearly -0.445% of the company’s market capitalization.

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 242 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 15,881,964 shares. Additionally, 258 investors decreased positions by around 19,864,191 shares, while 99 investors held positions by with 185,362,106 shares. The mentioned changes placed institutional holdings at 221,108,261 shares, according to the latest SEC report filing. BEN stock had 39 new institutional investments in for a total of 1,013,070 shares, while 66 institutional investors sold positions of 3,383,380 shares during the same period.