On Monday, Franklin Resources, Inc. (NYSE: BEN) was 0.05% up from the session before settling in for the closing price of $20.11. A 52-week range for BEN has been $18.94 – $30.32.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 10.96%. When this article was written, the company’s average yearly earnings per share was at -7.46%. With a float of $280.56 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. In terms of profitability, gross margin is 61.73%, operating margin of 12.42%, and the pretax margin is 15.75%.
Franklin Resources, Inc. (BEN) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Franklin Resources, Inc. stocks. The insider ownership of Franklin Resources, Inc. is 46.36%, while institutional ownership is 43.31%. The most recent insider transaction that took place on Sep 11 ’24, was worth 1,907,990. In this transaction 10% Owner of this company bought 100,000 shares at a rate of $19.08, taking the stock ownership to the 89,308,192 shares. Before that another transaction happened on Aug 29 ’24, when Company’s 10% Owner bought 100,000 for $19.84, making the entire transaction worth $1,984,200. This insider now owns 89,208,192 shares in total.
Franklin Resources, Inc. (BEN) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.84 earnings per share (EPS) during the time that was better than consensus figure (set at 0.59) by 0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.00% 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
You can see what Franklin Resources, Inc. (BEN) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.28. Likewise, its price to free cash flow for the trailing twelve months is 10.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.62, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.60 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 4.22 million was superior to 4.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 66.99%. Additionally, its Average True Range was 0.50.
During the past 100 days, Franklin Resources, Inc.’s (BEN) raw stochastic average was set at 21.68%, which indicates a significant decrease from 46.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.26% in the past 14 days, which was lower than the 32.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.57, while its 200-day Moving Average is $24.17. Now, the first resistance to watch is $20.24. This is followed by the second major resistance level at $20.36. The third major resistance level sits at $20.58. If the price goes on to break the first support level at $19.90, it is likely to go to the next support level at $19.68. The third support level lies at $19.56 if the price breaches the second support level.
Franklin Resources, Inc. (NYSE: BEN) Key Stats
There are 526,091K outstanding shares of the company, which has a market capitalization of 10.52 billion. As of now, sales total 7,849 M while income totals 882,800 K. Its latest quarter income was 2,123 M while its last quarter net income were 174,000 K.
