Franklin Resources, Inc. (NYSE:BEN) EVP Craig Steven Tyle sold 11,165 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $31.35, for a total value of $350,022.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of BEN stock opened at $30.26 on Friday. Franklin Resources, Inc. has a 12 month low of $30.14 and a 12 month high of $45.96. The company has a market cap of $16.56 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.37.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings results on Friday, July 27th. The closed-end fund reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Franklin Resources had a return on equity of 15.40% and a net margin of 10.72%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. equities analysts anticipate that Franklin Resources, Inc. will post 3.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.04%. Franklin Resources’s dividend payout ratio (DPR) is presently 30.56%.

A number of equities research analysts have issued reports on the company. Wells Fargo & Co decreased their target price on Franklin Resources from $35.00 to $34.00 and set a “market perform” rating for the company in a research report on Monday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $33.00 target price on shares of Franklin Resources in a research report on Friday, July 13th. Zacks Investment Research cut Franklin Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, August 6th. Morgan Stanley decreased their target price on Franklin Resources from $32.00 to $30.00 and set an “underweight” rating for the company in a research report on Thursday, August 2nd. Finally, Barclays decreased their target price on Franklin Resources from $32.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, July 30th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.25.

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Franklin Resources by 605.1% in the second quarter. Captrust Financial Advisors now owns 3,187 shares of the closed-end fund’s stock valued at $103,000 after purchasing an additional 2,735 shares in the last quarter. Focused Wealth Management Inc acquired a new position in shares of Franklin Resources in the second quarter valued at $131,000. Dupont Capital Management Corp raised its stake in shares of Franklin Resources by 61.2% in the second quarter. Dupont Capital Management Corp now owns 4,168 shares of the closed-end fund’s stock valued at $134,000 after purchasing an additional 1,582 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new position in shares of Franklin Resources in the first quarter valued at $164,000. Finally, IMS Capital Management acquired a new position in shares of Franklin Resources in the second quarter valued at $161,000. Institutional investors own 46.98% of the company’s stock.

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.

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