Franklin Resources Inc. [BEN] is -20.60% lower this YTD. Is it still time to buy?

Franklin Resources Inc. [NYSE: BEN] loss -1.19% on the last trading session, reaching $26.59 price per share at the time. The company report on December 20, 2022 that Western Asset Management Invests in World Bank Sustainable Development Bond for Climate Action.

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Western Asset Management, a specialist investment manager of Franklin Templeton with $375.5 billion in AUM as of September 30, 2022, was the sole investor in a 400 billion Indonesian rupiah-dominated ($25 million U.S. dollar equivalent) 5-year Sustainable Development Bond from the World Bank. World Bank bonds support the financing of sustainable development projects and programs designed to achieve positive social and environmental impacts in developing countries. The bond was issued under the World Bank’s Sustainable Bond Framework.

Kevin Ritter, Portfolio Manager, Western Asset Management Company, said “We are excited to collaborate with the World Bank on this opportunity. We find the income profile and potential total return of the Indonesian rupiah-denominated issuance attractive. Additionally, supporting the World Bank’s Sustainable Development Bond Program-which adheres to the highest industry standard with respect to transparency and the use of proceeds-provides a unique and credible opportunity to support the financing of sustainability-enhancing development programs, including its program of climate-related investments, while at the same time enabling specific clients to meet their investment objectives.”.

Franklin Resources Inc. represents 487.50 million in outstanding shares, while the company has a total market value of $13.46 billion with the latest information. BEN stock price has been found in the range of $25.925 to $26.75.

If compared to the average trading volume of 3.36M shares, BEN reached a trading volume of 2368699 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 $22.83 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.

Wells Fargo have made an estimate for Franklin Resources Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 15, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on October 19, 2022, representing the official price target for Franklin Resources Inc. stock. Previously, the target price had yet another drop from $28 to $25, while BofA Securities kept a Underperform rating on BEN stock.

The Average True Range (ATR) for Franklin Resources Inc. is set at 0.80, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 9.45. Price to Free Cash Flow for BEN in the course of the last twelve months was 10.49.

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 1.96. With this latest performance, BEN shares gained by 0.42% in over the last four-week period, additionally plugging by 4.93% over the last 6 months – not to mention a drop of -19.11% 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 53.44, with the RSI for the last a single of trading hit 52.01, and the three-weeks RSI is set at 54.17 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 25.07, while it was recorded at 26.21 for the last single week of trading, and 25.53 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 +23.73 and a Gross Margin at +72.74. Franklin Resources Inc.’s Net Margin is presently recorded at +15.10.

Return on Equity for this stock inclined to 10.91, with Return on Assets sitting at 4.74.

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 -6.79%.

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

There are presently around $6,134 million, or 47.90% of BEN stock, in the hands of institutional investors. The top three institutional holders of BEN stocks are: STATE STREET CORP with ownership of 34,909,926, which is approximately 7.332% of the company’s market cap and around 18.70% of the total institutional ownership; VANGUARD GROUP INC, holding 32,407,747 shares of the stock with an approximate value of $861.72 million in BEN stocks shares; and BLACKROCK INC., currently with $785.22 million in BEN stock with ownership of nearly -0.734% of the company’s market capitalization.

Positions in Franklin Resources Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 255 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 16,377,744 shares. Additionally, 244 investors decreased positions by around 13,452,383 shares, while 88 investors held positions by with 200,840,847 shares. The mentioned changes placed institutional holdings at 230,670,974 shares, according to the latest SEC report filing. BEN stock had 48 new institutional investments in for a total of 1,525,052 shares, while 57 institutional investors sold positions of 2,960,071 shares during the same period.


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