Franklin Resources, Inc. (NYSE:BEN) Receives Average Recommendation of "Hold" from Analysts

Franklin Resources, Inc. (NYSE:BEN - Get Free Report) has earned an average recommendation of "Hold" from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.00.

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Several research analysts recently commented on the company. Zacks Research upgraded Franklin Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 22nd. Weiss Ratings upgraded Franklin Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, June 3rd. TD Cowen lifted their price objective on Franklin Resources from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. The Goldman Sachs Group upped their target price on Franklin Resources from $30.50 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Franklin Resources from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th.

Read Our Latest Stock Analysis on BEN

Institutional Inflows and Outflows

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Large investors have recently added to or reduced their stakes in the stock. Mariner LLC lifted its stake in Franklin Resources by 0.7% during the fourth quarter. Mariner LLC now owns 56,151 shares of the closed-end fund's stock valued at $1,341,000 after buying an additional 377 shares in the last quarter. Lido Advisors LLC increased its position in shares of Franklin Resources by 4.0% in the first quarter. Lido Advisors LLC now owns 10,194 shares of the closed-end fund's stock worth $244,000 after acquiring an additional 395 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of Franklin Resources by 35.5% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,512 shares of the closed-end fund's stock valued at $36,000 after acquiring an additional 396 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Franklin Resources by 4.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,751 shares of the closed-end fund's stock valued at $233,000 after acquiring an additional 397 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Franklin Resources by 12.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,671 shares of the closed-end fund's stock valued at $87,000 after acquiring an additional 400 shares in the last quarter. 47.56% of the stock is currently owned by institutional investors.

Franklin Resources Stock Performance

Franklin Resources stock opened at $32.31 on Friday. Franklin Resources has a 12-month low of $21.10 and a 12-month high of $34.92. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.54. The firm's fifty day moving average price is $32.45 and its 200 day moving average price is $28.52.

Franklin Resources (NYSE:BEN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The closed-end fund reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.16. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.70 billion. Franklin Resources had a net margin of 8.12% and a return on equity of 10.58%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. On average, research analysts forecast that Franklin Resources will post 2.81 EPS for the current fiscal year.

Franklin Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 29th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 29th. Franklin Resources's payout ratio is 100.76%.

About Franklin Resources

(Get Free Report)

Franklin Resources, Inc, doing business as Franklin Templeton, is a global investment management organization that offers a wide range of asset management solutions to institutional and individual investors. The firm's core focus is on delivering active portfolio management across equities, fixed income, multi-asset strategies and alternative investments. Franklin Templeton's product lineup includes mutual funds, exchange-traded funds (ETFs), closed-end funds, separately managed accounts and sub-advisory services designed to meet varying risk-return objectives and income needs.

Founded in 1947 by Rupert H.

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