Franklin Resources, Inc. (NYSE: BEN) kicked off on Friday, down -2.37% from the previous trading day, before settling in for the closing price of $23.64. Over the past 52 weeks, BEN has traded in a range of $21.57-$30.32.
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A company in the Financial sector has jumped its sales by 6.86% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -7.50%. With a float of $284.30 million, this company’s outstanding shares have now reached $495.94 million.
In an organization with 9200 employees, it is important to assess its efficiency.
Franklin Resources, Inc. (BEN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of Franklin Resources, Inc. is 45.96%, while institutional ownership is 44.67%. The most recent insider transaction that took place on Jun 21 ’24, was worth 4,559,040. In this transaction 10% Owner of this company bought 200,000 shares at a rate of $22.80, taking the stock ownership to the 88,703,192 shares. Before that another transaction happened on Jun 18 ’24, when Company’s 10% Owner bought 100,000 for $22.29, making the entire transaction worth $2,229,000. This insider now owns 88,503,192 shares in total.
Franklin Resources, Inc. (BEN) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.84 earnings per share (EPS), higher than consensus estimate (set at 0.59) by 0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.45% 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
Take a look at Franklin Resources, Inc.’s (BEN) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47. Likewise, its price to free cash flow for the trailing twelve months is 11.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.62, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 2.71 in one year’s time.
Technical Analysis of Franklin Resources, Inc. (BEN)
Let’s dig in a bit further. During the last 5-days, its volume was 4.47 million. That was better than the volume of 3.67 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.45%. Additionally, its Average True Range was 0.57.
During the past 100 days, Franklin Resources, Inc.’s (BEN) raw stochastic average was set at 21.50%, which indicates a significant decrease from 48.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.34% in the past 14 days, which was higher than the 24.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.03, while its 200-day Moving Average is $25.29. However, in the short run, Franklin Resources, Inc.’s stock first resistance to watch stands at $23.80. Second resistance stands at $24.51. The third major resistance level sits at $24.93. If the price goes on to break the first support level at $22.67, it is likely to go to the next support level at $22.25. Assuming the price breaks the second support level, the third support level stands at $21.54.
Franklin Resources, Inc. (NYSE: BEN) Key Stats
The company with the Market Capitalisation of 12.14 billion has total of 526,091K Shares Outstanding. Its annual sales at the moment are 7,849 M in contrast with the sum of 882,800 K annual income. Company’s last quarter sales were recorded 2,123 M and last quarter income was 174,000 K.
