Franklin Resources (NYSE: BEN) recently received a number of ratings updates from brokerages and research firms:

  • 7/14/2017 – Franklin Resources had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $44.00 price target on the stock.
  • 7/12/2017 – Franklin Resources was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/10/2017 – Franklin Resources had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock, up previously from $39.00.
  • 7/6/2017 – Franklin Resources had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $47.00 price target on the stock.
  • 7/4/2017 – Franklin Resources had its price target raised by analysts at Deutsche Bank AG from $41.00 to $42.00. They now have a “hold” rating on the stock.
  • 6/28/2017 – Franklin Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Franklin Resources’ shares outperformed the Zacks categorized Investment Management industry over the past six months. We remain optimistic as strategic acquisitions and solid distribution platform have well positioned the company toward growth. Also, the company recorded rise in assets under management in the first two months of the current quarter. Further, management expects expenses in fiscal 2017 to remain flat or decline slightly considering the impact of previous cost-cutting initiatives. Though, volatile markets and unfavorable global economic conditions may affect its performance and hurt profitability, the company's involvement in steady capital deployment activities boosts shareholders’ confidence.”
  • 6/27/2017 – Franklin Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franklin Resources’ shares outperformed the Zacks categorized Investment Management industry over the past six months. We remain optimistic as strategic acquisitions and solid distribution platform have well positioned the company toward growth. Also, the company recorded rise in assets under management in the first two months of the current quarter. Management expects expenses in fiscal 2017 to remain flat or decline slightly considering the impact of previous cost-cutting initiatives. However, volatile markets and unfavorable global economic conditions may affect the company’s performance and hurt its profitability.”
  • 6/20/2017 – Franklin Resources was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/13/2017 – Franklin Resources was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/9/2017 – Franklin Resources had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $43.00 price target on the stock, up previously from $42.00.

Shares of Franklin Resources, Inc. (NYSE BEN) traded down 0.26% during midday trading on Monday, reaching $46.15. 1,754,336 shares of the company’s stock were exchanged. Franklin Resources, Inc. has a 1-year low of $33.02 and a 1-year high of $46.61. The firm has a 50-day moving average of $43.20 and a 200-day moving average of $41.87. The company has a market capitalization of $25.90 billion, a PE ratio of 14.87 and a beta of 1.73.

Franklin Resources (NYSE:BEN) last announced its quarterly earnings data on Friday, April 28th. The closed-end fund reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.07. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. Franklin Resources had a return on equity of 14.34% and a net margin of 27.77%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. Equities analysts expect that Franklin Resources, Inc. will post $2.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.20 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.73%. Franklin Resources’s payout ratio is 25.81%.

In other Franklin Resources news, CFO Kenneth A. Lewis sold 17,141 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $44.51, for a total transaction of $762,945.91. Following the transaction, the chief financial officer now owns 124,021 shares in the company, valued at $5,520,174.71. The sale was disclosed in a document filed with the SEC, which is available through this link. 21.60% of the stock is owned by company insiders.

Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.

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