Franklin Resources, Inc [NYSE: BEN] plunged by -$0.68 during the normal trading session on while it closed the day at $20.16.
Franklin Resources, Inc stock has also loss -2.98% of its value over the past 7 days. However, BEN stock has declined by -7.48% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.92% and lost -32.33% year-on date.
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The market cap for BEN stock reached $10.58 billion, with 495.94 million shares outstanding and 280.56 million shares in the current float. Compared to the average trading volume of 4.65M shares, BEN reached a trading volume of 12277073 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 $20.09 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 3.81. 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 Equal Weight, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on August 27, 2024, representing the official price target for Franklin Resources, Inc stock. Previously, the target price had yet another raise from $24 to $30, while Wells Fargo kept a Equal Weight rating on BEN stock.
The Average True Range (ATR) for Franklin Resources, Inc is set at 0.59, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 7.84. Price to Free Cash Flow for BEN in the course of the last twelve months was 10.25.
BEN stock trade performance evaluation
Franklin Resources, Inc [BEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.98. With this latest performance, BEN shares gained by 1.31% in over the last four-week period, additionally sinking by -13.92% over the last 6 months – not to mention a drop of -14.32% 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 45.55, with the RSI for the last a single of trading hit 41.58, and the three-weeks RSI is set at 46.53 for Franklin Resources, Inc [BEN]. The present Moving Average for the last 50 days of trading for this stock 20.21, while it was recorded at 20.70 for the last single week of trading, and 23.56 for the last 200 days.
Earnings per share (EPS) analysis for Franklin Resources, Inc [BEN] stock
With the latest financial reports released by the company, Franklin Resources, Inc posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.25. 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 1.00%.
Franklin Resources, Inc [BEN]: Institutional Ownership
There are presently around $44.22%, or 83.08%% of BEN stock, in the hands of institutional investors. The top three institutional holders of BEN stocks are: VANGUARD GROUP INC with ownership of 35.59 million shares, which is approximately 6.866%. POWER CORP OF CANADA, holding 32.22 million shares of the stock with an approximate value of $$720.17 million in BEN stocks shares; and POWER CORP OF CANADA, currently with $$715.57 million in BEN stock with ownership which is approximately 6.176%.
