Wells Fargo lifts Franklin Resources Inc. [BEN] price estimate. Who else is bullish?

Franklin Resources Inc. [NYSE: BEN] surged by $0.13 during the normal trading session on Wednesday and reaching a high of $30.41 during the day while it closed the day at $29.91. The company report on January 12, 2023 that Franklin Templeton Employees Spread Joy and Kindness During Holiday Season.

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Franklin Templeton employees demonstrate their generosity and compassion all year long. This holiday season, employees showed their support for those in need by getting involved in various projects from the firm’s offices around the globe.

Franklin Resources Inc. stock has also gained 2.61% of its value over the past 7 days. However, BEN stock has inclined by 34.55% in the 3 months of the year. Over the past six months meanwhile, it has gained 17.90% and gained 13.38% year-on date.

The market cap for BEN stock reached $14.84 billion, with 487.50 million shares outstanding and 283.20 million shares in the current float. Compared to the average trading volume of 3.35M shares, BEN reached a trading volume of 5111823 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 $23.71 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 0.76, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 9.64. Price to Free Cash Flow for BEN in the course of the last twelve months was 11.57.

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 2.61. With this latest performance, BEN shares gained by 14.69% in over the last four-week period, additionally plugging by 17.90% over the last 6 months – not to mention a drop of -15.20% 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 68.33, with the RSI for the last a single of trading hit 72.16, and the three-weeks RSI is set at 65.40 for Franklin Resources Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 26.82, while it was recorded at 29.81 for the last single week of trading, and 25.56 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 +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.

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 -6.57%.

Franklin Resources Inc. [BEN]: Insider Ownership positions

There are presently around $6,868 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 $969.32 million in BEN stocks shares; and BLACKROCK INC., currently with $883.26 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 January and at the time of the January reporting period, where 255 institutional holders increased their position in Franklin Resources Inc. [NYSE:BEN] by around 16,351,714 shares. Additionally, 242 investors decreased positions by around 13,573,633 shares, while 91 investors held positions by with 199,684,366 shares. The mentioned changes placed institutional holdings at 229,609,713 shares, according to the latest SEC report filing. BEN stock had 53 new institutional investments in for a total of 1,517,534 shares, while 53 institutional investors sold positions of 2,992,294 shares during the same period.


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