Headlines about Franklin Resources (NYSE:BEN) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Franklin Resources earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news articles about the closed-end fund an impact score of 45.8138439811885 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
A number of equities research analysts recently commented on BEN shares. Zacks Investment Research upgraded Franklin Resources from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 target price on shares of Franklin Resources in a research report on Thursday, October 12th. Wells Fargo & Co decreased their target price on Franklin Resources from $50.00 to $48.00 and set a “market perform” rating on the stock in a research report on Friday, October 27th. Citigroup decreased their target price on Franklin Resources from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Finally, UBS Group boosted their target price on Franklin Resources from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.55.
Shares of Franklin Resources (NYSE:BEN) traded down $0.39 during mid-day trading on Wednesday, reaching $43.27. The company’s stock had a trading volume of 4,639,512 shares, compared to its average volume of 2,542,514. Franklin Resources has a fifty-two week low of $39.38 and a fifty-two week high of $47.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 8.75 and a current ratio of 8.75. The stock has a market capitalization of $24,140.00, a P/E ratio of 14.38, a PEG ratio of 2.33 and a beta of 1.75.
Franklin Resources (NYSE:BEN) last issued its quarterly earnings data on Thursday, October 26th. The closed-end fund reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Franklin Resources had a return on equity of 13.48% and a net margin of 26.54%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. equities research analysts expect that Franklin Resources will post 3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 26th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, December 22nd. This is an increase from Franklin Resources’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a yield of 2.13%. Franklin Resources’s dividend payout ratio is 30.56%.
In other Franklin Resources news, insider Jed A. Plafker sold 7,790 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $43.92, for a total transaction of $342,136.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory E. Johnson sold 49,988 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $43.58, for a total value of $2,178,477.04. Following the sale, the chairman now owns 2,116,886 shares in the company, valued at $92,253,891.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 514,603 shares of company stock worth $22,134,429. Company insiders own 22.20% of the company’s stock.
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About Franklin Resources
Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.
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