Franklin Resources, Inc. (NYSE: BEN)’s stock price has decreased by -0.29 compared to its previous closing price of 20.87. However, the company has seen a 4.57% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-22 that Franklin Resources (BEN) shares have declined 27% since my Buy recommendation. BEN’s AUM has increased to $1.68 trillion driven by rising asset prices as long-term flows have remained challenging. The SEC investigation into Western Asset Management’s allocation practices has led to significant outflows.
Is It Worth Investing in Franklin Resources, Inc. (NYSE: BEN) Right Now?
Franklin Resources, Inc. (NYSE: BEN) has a higher price-to-earnings ratio of 12.82x compared to its average ratio, The 36-month beta value for BEN is at 1.41. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 as “hold,” and 4 as “sell.”
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The public float for BEN is 280.56M, and currently, shorts hold a 9.43% of that float. The average trading volume for BEN on September 23, 2024 was 4.43M shares.
BEN’s Market Performance
The stock of Franklin Resources, Inc. (BEN) has seen a 4.57% increase in the past week, with a 5.21% rise in the past month, and a -8.85% fall in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 2.57% for BEN. The simple moving average for the past 20 days is 3.81% for BEN’s stock, with a -16.18% simple moving average for the past 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 $20 based on the research report published on September 12, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see BEN reach a price target of $20. The rating they have provided for BEN stocks is “Underweight” according to the report published on August 27th, 2024.
Wells Fargo gave a rating of “Equal Weight” to BEN, setting the target price at $30 in the report published on January 08th of the current year.
BEN Trading at -3.53% 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 -31.37% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +0.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.84% lower at present.
During the last 5 trading sessions, BEN rose by +4.57%, which changed the moving average for the period of 200-days by -18.93% in comparison to the 20-day moving average, which settled at $20.05. In addition, Franklin Resources, Inc. saw -30.14% 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 JOHNSON CHARLES B, who purchase 100,000 shares at the price of $19.08 back on Sep 11 ’24. After this action, JOHNSON CHARLES B now owns 89,308,192 shares of Franklin Resources, Inc., valued at $1,907,990 using the latest closing price.
JOHNSON CHARLES B, the 10% Owner of Franklin Resources, Inc., purchase 100,000 shares at $19.84 during a trade that took place back on Aug 29 ’24, which means that JOHNSON CHARLES B is holding 89,208,192 shares at $1,984,200 based on the most recent closing price.
Stock Fundamentals for BEN
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.62 for the gross margin
The net margin for Franklin Resources, Inc. stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 6.52, with 2.55 for asset returns.
Based on Franklin Resources, Inc. (BEN), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 17.28.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 7.14. When we switch over and look at the enterprise to sales, we see a ratio of 2.49. The receivables turnover for the company is 5.23for trailing twelve months and the total asset turnover is 0.25.
Conclusion
In conclusion, Franklin Resources, Inc. (BEN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
