Franklin Resources, Inc. (BEN) Shares Up Despite Recent Market Volatility

Franklin Resources, Inc. (NYSE: BEN) has seen a rise in its stock price by 28.21 in relation to its previous close of 27.56. However, the company has experienced a 7.14% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-07 that “Dividend Aristocrats. in the S&P 500 Index… have raised their annual payouts every year for at least 25 consecutive years. “–Kiplinger.com. 67 Aristocrats, screened as of February 5, 2024 represented all eleven Morningstar Sectors. Broker estimated-top-ten net-gains ranged 11.95%-40.69% topped-by APD & ADM.

Is It Worth Investing in Franklin Resources, Inc. (NYSE: BEN) Right Now?

The price-to-earnings ratio for Franklin Resources, Inc. (NYSE: BEN) is 14.89x, which is above its average ratio. Moreover, the 36-month beta value for BEN is 1.42.

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The public float for BEN is 270.28M and currently, short sellers hold a 4.88% of that float. On February 12, 2024, BEN’s average trading volume was 1.30 shares.

BEN’s Market Performance

BEN stock saw a decrease of 7.14% in the past week, with a monthly decline of -2.05% and a quarterly a decrease of 22.65%. The volatility ratio for the week is 1.88%, and the volatility levels for the last 30 days are 2.38% for Franklin Resources, Inc. (BEN). The simple moving average for the last 20 days is 12.87% for BEN stock, with a simple moving average of Jan 29 BMO for the last 200 days.

Analysts’ Opinion of BEN

Many brokerage firms have already submitted their reports for BEN stocks, with Wells Fargo repeating the rating for BEN by listing it as a “Equal Weight.” The predicted price for BEN in the upcoming period, according to Wells Fargo is $30 based on the research report published on January 08, 2024 of the current year 2024.

BEN Trading at 1.92% 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 -11.65% of loss for the given period.

Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -1.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.46% upper at present.

During the last 5 trading sessions, BEN rose by +5.96%, which changed the moving average for the period of 200-days by +6.61% in comparison to the 20-day moving average, which settled at $27.24. In addition, Franklin Resources, Inc. saw -5.30% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BEN starting from Sethi Alok, who sale 22,000 shares at the price of $29.27 back on Dec 14. After this action, Sethi Alok now owns 70,481 shares of Franklin Resources, Inc., valued at $643,845 using the latest closing price.

Sethi Alok, the EVP, Head of Global Operations of Franklin Resources, Inc., sale 25,000 shares at $25.38 during a trade that took place back on Dec 05, which means that Sethi Alok is holding 92,481 shares at $634,465 based on the most recent closing price.

Stock Fundamentals for BEN

Equity return is now at value 7.85, with 3.14 for asset returns.

Conclusion

To wrap up, the performance of Franklin Resources, Inc. (BEN) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.

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