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

21.79

Mkt cap

11B

Volume

2.5M

High

21.84

P/E Ratio

25.55

52-wk high

30.32

Low

21.55

Div yield

0.06

52-wk low

18.95

Franklin Templeton has launched the Franklin Ethereum ETF (EZET), providing U.S. investors with exposure to ether within a regulated ETF structure. The ETF is listed on the Cboe BZX Exchange and has a fee waiver until January 31, 2025, for the first $10 billion in assets.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:31 pm

Franklin Resources, Inc. (NYSE:BEN) has chosen Aladdin by BlackRock (NYSE:BLK) to unify its investment management technology platform. This move aims to simplify operations and reduce long-term capital expenses for Franklin Templeton.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:05 pm

Franklin Resources has filed for an offering of up to 31.56 million shares by a selling stockholder, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:24 pm

Insiders have made notable purchases in Exxon Mobil, Citi Trends, and Franklin Resources, indicating confidence in these companies. Exxon Mobil's director bought $2M worth of shares, Citi Trends' 10% owner acquired $1.61M worth of shares, and Franklin Resources' 10% owner bought shares worth $188,792.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 1:08 pm

Shares of financial stocks are trading higher following a softer-than-expected May CPI Report. Additionally, the Federal Reserve has left interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:02 pm

Deutsche Bank analyst Brian Bedell maintains a Hold rating on Franklin Resources (NYSE:BEN) and lowers the price target from $29 to $24.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:45 pm

TD Cowen analyst Bill Katz maintains a Hold rating on Franklin Resources (NYSE:BEN) and lowers the price target from $29 to $25.5.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:20 pm

Franklin Resources (NYSE:BEN) received mixed analyst ratings in the latest quarter, with a shift towards more bearish perspectives. The average 12-month price target was adjusted to $26.19, down from $27.31, reflecting a 4.1% decline. Analysts from Evercore ISI Group, BMO Capital, Morgan Stanley, and Goldman Sachs adjusted their ratings and price targets, indicating varying expectations for BEN's performance. Franklin Resources, with $1.335 trillion in managed assets, shows below-average market capitalization and revenue growth compared to industry peers, alongside challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:00 pm

Evercore ISI Group analyst David Motemaden maintains an Underperform rating on Franklin Resources (NYSE:BEN) and lowers the price target from $29 to $26.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:21 pm

BMO Capital analyst Etienne Ricard maintains a Market Perform rating on Franklin Resources (NYSE:BEN) and lowers the price target from $30 to $27.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:04 pm

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