A new trading day began on Monday, with Franklin Resources, Inc. (NYSE: BEN) stock price up 1.71% from the previous day of trading, before settling in for the closing price of $25.15. BEN’s price has ranged from $21.88 to $30.32 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 6.86%. Meanwhile, its annual earnings per share averaged -2.00%. With a float of $285.48 million, this company’s outstanding shares have now reached $495.94 million.
The extent of productivity of a business whose workforce counts for 9200 workers is very important to gauge.
Franklin Resources, Inc. (BEN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Asset Management Industry. The insider ownership of Franklin Resources, Inc. is 45.78%, while institutional ownership is 42.49%. The most recent insider transaction that took place on Dec 14 ’23, was worth 643,845. In this transaction EVP, Head of Global Operations of this company sold 22,000 shares at a rate of $29.27, taking the stock ownership to the 70,481 shares. Before that another transaction happened on Dec 05 ’23, when Company’s EVP, Head of Global Operations sold 25,000 for $25.38, making the entire transaction worth $634,465. This insider now owns 92,481 shares in total.
Franklin Resources, Inc. (BEN) Performance Highlights and Predictions
In its latest quarterly report, released on 12/31/2023, the company reported earnings of $0.65 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.63% during the next five years compared to 4.38% growth over the previous five years of trading.
Franklin Resources, Inc. (NYSE: BEN) Trading Performance Indicators
Here are Franklin Resources, Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.70. Likewise, its price to free cash flow for the trailing twelve months is 13.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.89, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.91 in one year’s time.
Technical Analysis of Franklin Resources, Inc. (BEN)
The latest stats from [Franklin Resources, Inc., BEN] show that its last 5-days average volume of 3.98 million was superior to 3.45 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 29.28%. Additionally, its Average True Range was 0.61.
During the past 100 days, Franklin Resources, Inc.’s (BEN) raw stochastic average was set at 30.19%, which indicates a significant decrease from 32.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.26% in the past 14 days, which was lower than the 28.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.01, while its 200-day Moving Average is $26.46. Now, the first resistance to watch is $25.78. This is followed by the second major resistance level at $25.98. The third major resistance level sits at $26.27. If the price goes on to break the first support level at $25.29, it is likely to go to the next support level at $25.00. Assuming the price breaks the second support level, the third support level stands at $24.80.
Franklin Resources, Inc. (NYSE: BEN) Key Stats
With a market capitalization of 13.47 billion, the company has a total of 526,558K Shares Outstanding. Currently, annual sales are 7,849 M while annual income is 882,800 K. The company’s previous quarter sales were 1,991 M while its latest quarter income was 251,300 K.
