Franklin Resources (NYSE:BEN) PT Lowered to $25.50

Franklin Resources (NYSE:BEN) had its price target lowered by analysts at TD Cowen from $29.00 to $25.50 in a report released on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the closed-end fund’s stock. TD Cowen’s price objective indicates a potential upside of 11.99% from the company’s current price.

A number of other research analysts have also recently weighed in on BEN. UBS Group lifted their target price on shares of Franklin Resources from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Franklin Resources from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. StockNews.com cut shares of Franklin Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Wells Fargo & Company upgraded shares of Franklin Resources from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $30.00 in a research note on Monday, January 8th. Finally, Evercore ISI lowered their target price on shares of Franklin Resources from $29.00 to $26.00 and set an “underperform” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Franklin Resources Trading Down 0.3 %

Shares of Franklin Resources stock opened at $22.77 on Tuesday. The company’s fifty day simple moving average is $26.62 and its 200-day simple moving average is $26.35. The stock has a market capitalization of $11.99 billion, a PE ratio of 13.01, a P/E/G ratio of 1.23 and a beta of 1.40. Franklin Resources has a 1-year low of $21.88 and a 1-year high of $30.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.92 and a quick ratio of 1.92.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings results on Monday, April 29th. The closed-end fund reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Franklin Resources had a return on equity of 11.04% and a net margin of 11.09%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, equities analysts anticipate that Franklin Resources will post 2.51 earnings per share for the current year.

Institutional Trading of Franklin Resources

Large investors have recently made changes to their positions in the business. Peoples Bank KS bought a new stake in shares of Franklin Resources in the 3rd quarter worth about $25,000. Blue Trust Inc. grew its holdings in Franklin Resources by 240.5% during the 4th quarter. Blue Trust Inc. now owns 882 shares of the closed-end fund’s stock valued at $26,000 after purchasing an additional 623 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Franklin Resources by 975.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,140 shares of the closed-end fund’s stock valued at $28,000 after purchasing an additional 1,034 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in Franklin Resources during the 4th quarter valued at about $31,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Franklin Resources by 149.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,111 shares of the closed-end fund’s stock valued at $33,000 after purchasing an additional 665 shares during the last quarter. 47.56% of the stock is currently owned by institutional investors.

Franklin Resources Company Profile

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.