Trading Day Triumph: Franklin Resources, Inc. (BEN) Ends at 20.74, a -0.96 Surge/Plunge

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Franklin Resources, Inc. (NYSE: BEN) closed the day trading at $20.74 down -0.96% from the previous closing price of $20.94. In other words, the price has decreased by -$0.96 from its previous closing price. On the day, 5.55 million shares were traded. BEN stock price reached its highest trading level at $21.11 during the session, while it also had its lowest trading level at $20.52.

Ratios:

For a better understanding of BEN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.51. 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 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 23 ’24 when JOHNSON JENNIFER M bought 18,900 shares for $20.95 per share. The transaction valued at 396,021 led to the insider holds 216,900 shares of the business.

JOHNSON CHARLES B bought 200,000 shares of BEN for $4,559,040 on Jun 21 ’24. The 10% Owner now owns 88,703,192 shares after completing the transaction at $22.80 per share. On Jun 18 ’24, another insider, JOHNSON CHARLES B, who serves as the 10% Owner of the company, bought 100,000 shares for $22.29 each. As a result, the insider paid 2,229,000 and bolstered with 88,503,192 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 10951590912 and an Enterprise Value of 13510287360. As of this moment, Franklin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.78, and their Forward P/E ratio for the next fiscal year is 7.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 1.637 whereas that against EBITDA is 7.476.

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 $19.60. The 50-Day Moving Average of the stock is -7.59%, while the 200-Day Moving Average is calculated to be -17.65%.

Shares Statistics:

Over the past 3-months, BEN traded about 4.04M shares per day on average, while over the past 10 days, BEN traded about 6136200 shares per day. A total of 495.94M shares are outstanding, with a floating share count of 280.57M. Insiders hold about 46.35% of the company’s shares, while institutions hold 43.71% stake in the company. Shares short for BEN as of 1722384000 were 21817442 with a Short Ratio of 5.40, compared to 1719532800 on 18413581. Therefore, it implies a Short% of Shares Outstanding of 21817442 and a Short% of Float of 7.000000000000001.

Dividends & Splits

BEN’s forward annual dividend rate is 1.23, up from 1.23 a year ago. Against a Trailing Annual Dividend Yield of 0.058739256The stock’s 5-year Average Dividend Yield is 4.43.

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