Monthly Stock Report: Franklin Resources, Inc. (BEN)
Publication Date: September 22, 2024
Company Overview
Franklin Resources, Inc. (ticker: BEN) is a publicly owned asset management holding company headquartered in San Mateo, California. Established in 1947, Franklin specializes in managing a variety of investment solutions, including equity, fixed income, and multi-asset mutual funds through its subsidiaries. Operating in the Financial Services sector, Franklin Resources boasts a global presence, engaging in public equity, fixed income, and alternative market investments. Known for its personalized investment strategies, the company offers a robust portfolio of financial products to individual and institutional investors alike.
Current Financial Performance
Franklin Resources recently reported total revenue of approximately $8.25 billion, underscoring its strong financial standing. The stock’s current price is $20.81, with analysts projecting a target high of $26.00 per share. The average target price stands at $22.23, reflecting a moderately optimistic outlook. Despite the lack of available EBITDA information, which complicates a full assessment of profitability, the firm’s financial indicators suggest potential recovery opportunities. Currently, investors are advised to adopt a “hold” strategy, as market dynamics remain cautious but show potential for growth; the recommendation mean from 12 analysts is recorded at 3.4, indicating a neutral to slightly positive sentiment.
Trading Dynamics
Franklin Resources has 522,998,016 shares outstanding, with 26,461,682 shares reported shorted, representing approximately 0.0849% of the company’s float. This relatively low percentage indicates limited bearish sentiment among investors, suggesting a stable outlook for the company. The stock is trading below its fifty-day average of $21.526, indicating potential bearish sentiment but also highlighting opportunities for recovery towards its fifty-two week high of $30.32. With the stock positioned between a yearly low of $18.95 and the high, traders should consider these metrics as key indicators of potential market conditions and strategize accordingly.
Meta Description: Explore Franklin Resources, Inc. (BEN) stock performance, financial metrics, and trading dynamics in this informative monthly report. Stay updated on investment insights and market trends.
| Metric | Value |
|---|---|
| Market Cap | $10.9b |
| Total Debt | $4.0b |
| Total Cash | $3.4b |
| Shares Outstanding | 523.0m |
| Float Shares | 310.5m |
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