Streetbeat News

BEN

Franklin Resources, Inc.

https://www.franklinresources.com

Industry

Asset Management

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

Open

19.28

Mkt cap

10B

Volume

3.4M

High

19.58

P/E Ratio

30.50

52-wk high

28.15

Low

19.04

Div yield

0.06

52-wk low

18.83

Analysts have provided mixed ratings for Franklin Resources (NYSE:BEN) over the past three months, with a shift towards more bearish sentiments. The average 12-month price target has decreased by 8.13% to $22.48. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Franklin Resources faces challenges with below-average net margin, ROE, and ROA, but maintains a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 9:01 pm

Goldman Sachs analyst Alexander Blostein has maintained a 'Sell' rating on Franklin Resources (NYSE:BEN) and lowered the price target from $23.75 to $21.25.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:34 pm

A report by AssetMark and Wealthmanagement.com highlights three key AI applications for financial advisors: optimizing lead generation, market segmentation, and improving client communication. While AI can enhance these areas, it is not a comprehensive solution. Financial advisory firms, including Franklin Resources, Invesco, T. Rowe Price, and AllianceBernstein, saw stock price increases.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 7:16 pm

Peter Mallouk, CEO of Creative Planning, warns of a potential market correction and digital disruption in the RIA industry, despite its projected growth. He highlights risks from deficit spending and technological advancements like AI. Franklin Templeton and Invesco show strong performance, but may be vulnerable if market conditions change.

Portfolio Pulse from Stjepan Kalinic

September 19, 2024 | 4:10 pm

Analysts have mixed opinions on Franklin Resources (NYSE:BEN), with most ratings being indifferent or somewhat bearish. The average 12-month price target has decreased by 7.98% to $22.6. Despite positive revenue growth, the company faces challenges with low net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 2:05 pm

Wells Fargo has initiated coverage on Franklin Resources with an Equal-Weight rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:46 pm

Evercore ISI Group has maintained an 'Underperform' rating on Franklin Resources and lowered its price target from $24 to $20, indicating a bearish outlook.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:59 pm

The article highlights notable insider trades in four companies: American Public Education, Inhibrx Biosciences, Franklin Resources, and Universal Display. Insider purchases can indicate confidence in a company's prospects. Franklin Resources saw a significant purchase by a 10% owner, while other companies also had insider buying despite mixed financial results.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 12:28 pm

Financial sector shares are trading lower as investors assess NVIDIA's upcoming earnings and SMCI's Form 10-K delay.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:10 pm

Barclays has initiated coverage on Franklin Resources with an Underweight rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:16 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.