Franklin Resources Inc. [NYSE: BEN] gained 2.53% or 0.6 points to close at $24.29 with a heavy trading volume of 3370961 shares. The company report on July 5, 2022 that Franklin Resources, Inc. to Announce Third Quarter Results on July 28, 2022.
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On Thursday, July 28, 2022 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its third quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.
In addition, Jenny Johnson, President and CEO; Matthew Nicholls, Executive Vice President, CFO and COO; and Adam Spector, Executive Vice President – Global Advisory Services and Head of Global Distribution, will lead a live teleconference at 11:00 a.m. Eastern Time to answer questions. Access to the teleconference will be available via investors.franklinresources.com or by dialing (844) 200-6205 in the U.S., (833) 950-0062 in Canada or (929) 526-1599 in other locations. A replay of the teleconference can also be accessed by calling (866) 813-9403 in the U.S. using access code 388697 through August 4, 2022, or via investors.franklinresources.com. Analysts and investors are encouraged to review the Company’s recent filings with the U.S. Securities and Exchange Commission and to contact Investor Relations at (650) 312-4091 before the live teleconference for any clarifications or questions related to the earnings release or written commentary.
It opened the trading session at $23.90, the shares rose to $24.30 and dropped to $23.82, the range by which the price of stock traded the whole day. The daily chart for BEN points out that the company has recorded -29.02% loss over the past six months. However, it is still -7.43% lower than its most recent low trading price.
If we look at the average trading volume of 3.29M shares, BEN reached to a volume of 3370961 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 $24.67 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 3.10. 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 June 29, 2022. The new note on the price target was released on June 29, 2022, representing the official price target for Franklin Resources Inc. stock. Previously, the target price had yet another raise to $30, while Keefe Bruyette analysts kept a Mkt Perform rating on BEN stock. On April 12, 2022, analysts decreased their price target for BEN shares from 44.50 to 28.
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 1.39. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 10.15. Price to Free Cash Flow for BEN in the course of the last twelve months was 40.66.
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 4.38. With this latest performance, BEN shares dropped by -9.30% in over the last four-week period, additionally sinking by -29.02% over the last 6 months – not to mention a drop of -24.35% 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 47.93, with the RSI for the last a single of trading hit 50.75, and the three-weeks RSI is set at 46.74 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 25.11, while it was recorded at 23.74 for the last single week of trading, and 29.64 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 -1.70%.
An analysis of insider ownership at Franklin Resources Inc. [BEN]
There are presently around $5,246 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 34,072,606, which is approximately 4.255% of the company’s market cap and around 43.30% of the total institutional ownership; BLACKROCK INC., holding 28,906,180 shares of the stock with an approximate value of $684.79 million in BEN stocks shares; and STATE STREET CORP, currently with $644.45 million in BEN stock with ownership of nearly -1.194% 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 303 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 23,439,643 shares. Additionally, 254 investors decreased positions by around 20,688,023 shares, while 98 investors held positions by with 177,323,536 shares. The mentioned changes placed institutional holdings at 221,451,202 shares, according to the latest SEC report filing. BEN stock had 82 new institutional investments in for a total of 3,512,554 shares, while 78 institutional investors sold positions of 7,194,360 shares during the same period.