Franklin Resources Inc. News: Why BEN Stock Is Zooming Higher Today

Franklin Resources Inc. [BEN] stock is up 1.61 while the S&P 500 has risen 0.01% on Tuesday, 12/01/20. While at the time of this article, BEN ATR is sitting at 0.82, with the beta value at 1.27. This stock’s volatility for the past week remained at 2.62%, while it was 3.31% for the past 30-day period. BEN has risen $0.36 from the previous closing price of $22.36 on volume of 2.13 million shares.

On 1, December 2020, Templeton Global Income Fund (“GIM”) Announces Distribution and Update to Its Use of Currency Options Disclosure. According to news published on Yahoo Finance, Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0170 per share, payable on December 31, 2020, to shareholders of record on December 15, 2020 (Ex-Dividend Date: December 14, 2020).

Analyst Birdseye View:

The most recent analyst activity for Franklin Resources Inc. [NYSE:BEN] stock was on October 19, 2020, when it was Upgrade with an Outperform rating from Keefe Bruyette, which also raised its 12-month price target on the stock from $24 to $28. Before that, on November 23, 2020, Keefe Bruyette Recapitulated a Mkt perform rating and elevated its amount target to $23. On October 09, 2020, BofA Securities Upgrade a Buy rating and boosted its price target on this stock from $20 to $26. On September 29, 2020, JP Morgan Resumed a Neutral rating and increased its price target to $23. On September 03, 2020, Morgan Stanley Resumed an Underweight rating and increased its price target to $20. On February 25, 2020, Goldman Upgrade a Neutral rating and boosted its amount target on this stock to $28. On February 20, 2020, BMO Capital Markets Upgrade a Market perform rating and boosted its target amount on this stock to $24. On January 31, 2020, Keefe Bruyette Upgrade a Mkt perform rating and amplified its amount target to $28.

In the past 52 weeks of trading, this stock has oscillated between a low of $14.91 and a peak of $27.79. Right now, the middling Wall Street analyst 12-month amount mark is $21.00. At the most recent market close, shares of Franklin Resources Inc. [NYSE:BEN] were valued at $22.72. According to the average price forecast, investors can expect a potential return of 0.19%.

FUNDAMENTAL ANALYSIS

Franklin Resources Inc. [NYSE:BEN] most recently reported quarterly sales of 1.72 billion, which represented growth of 20.80%. This publicly-traded organization’s revenue is $471,136 per employee, while its income is $66,407 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.51, 7.83, 9.19 and 6.14 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 32.95 and the whole liability to whole assets at 24.59. It shows enduring liability to the whole principal at 31.55 and enduring liability to assets at 0.24 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 22.13 points at 1st support level, the second support level is making up to 21.91. But as of 1st resistance point, this stock is sitting at 22.72 and at 23.08 for 2nd resistance point.

Franklin Resources Inc. [BEN] reported its earnings at $0.56 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.69/share signifying the difference of -0.13 and -18.80% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.7 calling estimates for $0.55/share with the difference of 0.15 depicting the surprise of 27.30%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.80, it’s amount to book ratio is 1.00 and showing 14.07 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Byerwalter Mariann H, Director, and it was the sale of 1827.0 shares on Nov 27. Byerwalter Mariann H, the Director, completed a sale of 1827.0 shares on Aug 17. On Jun 01, Tyle Craig Steven, EVP & General Counsel, completed a sale of 5000.0 shares.