The price of Franklin Resources, Inc (NYSE:BEN) shares last traded on Wall Street rose 11.52% to $18.58.
BEN stock price is now -6.36% away from the 50-day moving average and -10.87% away from the 200-day moving average. The market capitalization of the company currently stands at $9.76B.
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With the price target enhanced from $21 to $22, Goldman Upgraded its rating from Sell to Neutral for Franklin Resources, Inc (NYSE: BEN). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $20, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, JOHNSON CHARLES B, 10% Owner bought 420 shares of the company’s stock on Apr 04 ’25. The stock was bought for $7,442 at an average price of $17.72. Upon completion of the transaction, the 10% Owner now directly owns 89,375,487 shares in the company, valued at $1.66 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’25, 10% Owner JOHNSON CHARLES B sold 420 shares of the business’s stock. A total of $7,379 was realized by selling the stock at an average price of $17.57. This leaves the insider owning 89,375,067 shares of the company worth $1.66 billion. A total of 40.15% of the company’s stock is owned by insiders.
During the past 12 months, Franklin Resources, Inc has had a low of $16.35 and a high of $27.55. According to the stock market information, the enterprise value for the company is $12991319040, which is based on a 28.49 price-to-earnings ratio, a 7.72 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for BEN is $19.8418 and a two-hundred day moving average price translates $20.84695 for the stock.
The latest earnings results from Franklin Resources, Inc (NYSE: BEN) was released for 2024-12-31. The net profit margin was 3.90% and return on equity was 2.76% for BEN. The company reported revenue of $2.25 billion for the quarter, compared to $1.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.08 percent.
