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The price of Franklin Resources, Inc. (NYSE: BEN) closed at $19.44 in the last session, down -0.31% from day before closing price of $19.50. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 3.15 million shares were traded. BEN stock price reached its highest trading level at $19.445 during the session, while it also had its lowest trading level at $18.945.
Ratios:
We take a closer look at BEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.85. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 1.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on August 27, 2024, initiated with a Underweight rating and assigned the stock a target price of $20.
On January 08, 2024, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $24 to $30.
On January 04, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $32.TD Cowen initiated its Market Perform rating on January 04, 2024, with a $32 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 29 ’24 when JOHNSON CHARLES B bought 100,000 shares for $19.84 per share. The transaction valued at 1,984,200 led to the insider holds 89,208,192 shares of the business.
JOHNSON JENNIFER M bought 12,700 shares of BEN for $249,738 on Aug 28 ’24. The President and CEO now owns 2,637,700 shares after completing the transaction at $19.66 per share. On Aug 23 ’24, another insider, JOHNSON JENNIFER M, who serves as the President and CEO of the company, bought 18,900 shares for $20.95 each. As a result, the insider paid 396,021 and bolstered with 216,900 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BEN now has a Market Capitalization of 10198476800 and an Enterprise Value of 12830389248. As of this moment, Franklin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.98, and their Forward P/E ratio for the next fiscal year is 7.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.555 whereas that against EBITDA is 7.1.
Stock Price History:
Over the past 52 weeks, BEN has reached a high of $30.32, while it has fallen to a 52-week low of $19.05. The 50-Day Moving Average of the stock is -11.10%, while the 200-Day Moving Average is calculated to be -22.16%.
Shares Statistics:
According to the various share statistics, BEN traded on average about 4.46M shares per day over the past 3-months and 5193490 shares per day over the past 10 days. A total of 495.94M shares are outstanding, with a floating share count of 280.66M. Insiders hold about 46.34% of the company’s shares, while institutions hold 43.65% stake in the company. Shares short for BEN as of 1723680000 were 23482055 with a Short Ratio of 5.27, compared to 1721001600 on 19001134. Therefore, it implies a Short% of Shares Outstanding of 23482055 and a Short% of Float of 7.53.
Dividends & Splits
The forward annual dividend rate for BEN is 1.23, which was 1.23 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.06307692The stock’s 5-year Average Dividend Yield is 4.47.
