Franklin Resources Inc. [NYSE: BEN] surged by $0.4 during the normal trading session on Tuesday and reaching a high of $24.52 during the day while it closed the day at $24.03. The company report on July 12, 2022 that Franklin Resources, Inc. Announces Month-End Assets Under Management.
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Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,379.8 billion at June 30, 2022, compared to $1,445.9 billion at May 31, 2022. This month’s decrease in AUM primarily reflected the negative impact of markets and long-term net outflows.
For the quarter ended June 30, 2022, AUM reflected the negative impact of markets and long-term net outflows of $19.8 billion, partially offset by the acquisition of Lexington Partners.
Franklin Resources Inc. stock has also gained 0.88% of its value over the past 7 days. However, BEN stock has declined by -8.56% in the 3 months of the year. Over the past six months meanwhile, it has lost -31.66% and lost -28.25% year-on date.
The market cap for BEN stock reached $12.22 billion, with 490.00 million shares outstanding and 283.47 million shares in the current float. Compared to the average trading volume of 3.30M shares, BEN reached a trading volume of 3847860 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $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 0.81, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 9.86. Price to Free Cash Flow for BEN in the course of the last twelve months was 41.41.
BEN stock trade performance evaluation
Franklin Resources Inc. [BEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.88. With this latest performance, BEN shares dropped by -6.32% in over the last four-week period, additionally sinking by -31.66% over the last 6 months – not to mention a drop of -25.56% 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 46.79, with the RSI for the last a single of trading hit 48.67, and the three-weeks RSI is set at 45.98 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 24.99, while it was recorded at 23.90 for the last single week of trading, and 29.54 for the last 200 days.
Franklin Resources Inc. [BEN]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Franklin Resources Inc. [BEN] stock
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%.
Franklin Resources Inc. [BEN]: Insider Ownership positions
There are presently around $5,236 million, or 45.90% 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 $683.05 million in BEN stocks shares; and STATE STREET CORP, currently with $642.81 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 302 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 23,303,527 shares. Additionally, 250 investors decreased positions by around 20,282,120 shares, while 97 investors held positions by with 178,007,598 shares. The mentioned changes placed institutional holdings at 221,593,245 shares, according to the latest SEC report filing. BEN stock had 80 new institutional investments in for a total of 3,496,084 shares, while 75 institutional investors sold positions of 7,141,951 shares during the same period.