Franklin Resources, Inc [NYSE: BEN] traded at a high on Wednesday, posting a 1.13 gain after which it closed the day’ session at $19.63.
The results of the trading session contributed to over 3828111 shares changing hands. Over the past one week, the price volatility of Franklin Resources, Inc stands at 2.76% while the volatility over the past one month is 2.86%.
The market cap for BEN stock reached $10.29 billion, with 523.60 million shares outstanding and 280.76 million shares in the current float. Compared to the average trading volume of 4.03M shares, BEN reached a trading volume of 3828111 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $19.80 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 3.69. 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 Neutral, with their previous recommendation back on January 06, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on September 12, 2024, representing the official price target for Franklin Resources, Inc stock. Previously, the target price had yet another raise to $20, while Barclays analysts kept a Underweight rating on BEN stock. On January 08, 2024, analysts increased their price target for BEN shares from 24 to 30.
The Average True Range (ATR) for Franklin Resources, Inc is set at 0.58, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.21. 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 8.41. Price to Free Cash Flow for BEN in the course of the last twelve months was 13.11.
How has BEN stock performed recently?
Franklin Resources, Inc [BEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, BEN shares dropped by -11.18% in over the last four-week period, additionally sinking by -18.11% over the last 6 months – not to mention a drop of -30.88% 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 39.78, with the RSI for the last a single of trading hit 40.60, and the three-weeks RSI is set at 40.98 for Franklin Resources, Inc [BEN]. The present Moving Average for the last 50 days of trading for this stock 21.20, while it was recorded at 19.39 for the last single week of trading, and 22.11 for the last 200 days.
Earnings analysis for Franklin Resources, Inc [BEN]
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 3.00%.
Insider trade positions for Franklin Resources, Inc [BEN]
There are presently around $45.86%, or 87.73%% 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%.
