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In the latest session, Franklin Resources, Inc. (NYSE: BEN) closed at $23.21 down -1.40% from its previous closing price of $23.54. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 3.02 million shares were traded. BEN stock price reached its highest trading level at $23.73 during the session, while it also had its lowest trading level at $23.2.
Ratios:
For a deeper understanding of Franklin Resources, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.13. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 1.01.
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 the company, Wells Fargo on January 08, 2024, Upgraded its rating to Equal Weight and sets its target price to $30 from $24 previously.
On January 04, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $32.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 21 ’24 when JOHNSON CHARLES B bought 200,000 shares for $22.80 per share. The transaction valued at 4,559,040 led to the insider holds 88,703,192 shares of the business.
JOHNSON CHARLES B bought 100,000 shares of BEN for $2,229,000 on Jun 18 ’24. The 10% Owner now owns 88,503,192 shares after completing the transaction at $22.29 per share. On Dec 14 ’23, another insider, Sethi Alok, who serves as the EVP, Head of Global Operations of the company, sold 22,000 shares for $29.27 each. As a result, the insider received 643,845 and left with 70,481 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 12384182272 and an Enterprise Value of 14909079552. As of this moment, Franklin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.31, and their Forward P/E ratio for the next fiscal year is 8.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 1.841 whereas that against EBITDA is 7.701.
Stock Price History:
The Beta on a monthly basis for BEN is 1.45, which has changed by -0.19965518 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, BEN has reached a high of $30.32, while it has fallen to a 52-week low of $21.57. The 50-Day Moving Average of the stock is 0.50%, while the 200-Day Moving Average is calculated to be -8.27%.
Shares Statistics:
For the past three months, BEN has traded an average of 3.91M shares per day and 3254060 over the past ten days. A total of 495.94M shares are outstanding, with a floating share count of 284.30M. Insiders hold about 45.96% of the company’s shares, while institutions hold 44.25% stake in the company. Shares short for BEN as of 1719532800 were 18413581 with a Short Ratio of 4.70, compared to 1717113600 on 18732225. Therefore, it implies a Short% of Shares Outstanding of 18413581 and a Short% of Float of 5.8500000000000005.
Dividends & Splits
According to the company, the forward annual dividend rate for BEN is 1.23, from 1.22 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05182668The stock’s 5-year Average Dividend Yield is 4.39. The current Payout Ratio is 69.69% for BEN, which recently paid a dividend on 2024-06-28 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2013-07-26 when the company split stock in a 3:1 ratio.
