Franklin Resources, Inc. (NYSE: BEN)’s stock price has dropped by -1.14 in relation to previous closing price of 24.55. Nevertheless, the company has seen a gain of 5.89% in its stock price over the last five trading days. InvestorPlace reported 2023-11-15 that Amid soaring inflation, interest rates have also surged. Fixed income options such as certificates of deposit are paying the highest interest rates that they’ve offered in more than a decade.
Is It Worth Investing in Franklin Resources, Inc. (NYSE: BEN) Right Now?
Franklin Resources, Inc. (NYSE: BEN) has a price-to-earnings ratio of 14.10x that is above its average ratio. Additionally, the 36-month beta value for BEN is 1.36. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 6 rating it as “sell.”
The average price predicted by analysts for BEN is $23.21, which is -$1.06 below the current price. The public float for BEN is 286.09M and currently, short sellers hold a 5.35% ratio of that float. The average trading volume of BEN on November 20, 2023 was 3.05M shares.
BEN’s Market Performance
The stock of Franklin Resources, Inc. (BEN) has seen a 5.89% increase in the past week, with a 7.25% rise in the past month, and a -5.93% fall in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are at 2.67% for BEN. The simple moving average for the past 20 days is 4.86% for BEN’s stock, with a -8.17% simple moving average for the past 200 days.
Analysts’ Opinion of BEN
Many brokerage firms have already submitted their reports for BEN stocks, with BMO Capital Markets repeating the rating for BEN by listing it as a “Market Perform.” The predicted price for BEN in the upcoming period, according to BMO Capital Markets is $24 based on the research report published on July 10, 2023 of the current year 2023.
BEN Trading at 1.25% from the 50-Day Moving Average
After a stumble in the market that brought BEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.38% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +7.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.40% lower at present.
During the last 5 trading sessions, BEN rose by +5.89%, which changed the moving average for the period of 200-days by -28.24% in comparison to the 20-day moving average, which settled at $23.23. In addition, Franklin Resources, Inc. saw -8.00% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BEN starting from Byerwalter Mariann H, who sale 6,011 shares at the price of $24.01 back on Oct 10. After this action, Byerwalter Mariann H now owns 10,494 shares of Franklin Resources, Inc., valued at $144,324 using the latest closing price.
FRANKLIN RESOURCES INC, the Affiliate – Investment Adviser of Franklin Resources, Inc., purchase 2,465,483 shares at $10.14 during a trade that took place back on Apr 28, which means that FRANKLIN RESOURCES INC is holding 4,955,483 shares at $25,000,000 based on the most recent closing price.
Stock Fundamentals for BEN
Current profitability levels for the company are sitting at:
- +14.04 for the present operating margin
- +79.45 for the gross margin
The net margin for Franklin Resources, Inc. stands at +11.25. Equity return is now at value 7.22, with 2.90 for asset returns.
In conclusion, Franklin Resources, Inc. (BEN) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.