Franklin Resources, Inc (NYSE: BEN)’s stock price has plunge by -0.46relation to previous closing price of 21.57. Nevertheless, the company has seen a 2.48% surge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-12 that NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Franklin Resources, Inc. (“Franklin Resources, Inc.”) (NYSE:BEN) concerning possible violations of federal securities laws. Franklin subsidiary Western Asset Management Company issued a press release on August 21, 2024, announcing that co-Chief Investment Officer Ken Leech “is on a leave of absence, effective immediately” after “receiv[ing] a Wells Notice from the Staff of the U.S. Securities and Exchange Commission”.
Is It Worth Investing in Franklin Resources, Inc (NYSE: BEN) Right Now?
Franklin Resources, Inc (NYSE: BEN) has a price-to-earnings ratio of 24.44x that is above its average ratio. Additionally, the 36-month beta value for BEN is 1.40. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 4 rating it as “sell.”
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The public float for BEN is 279.83M and currently, short sellers hold a 9.82% ratio of that float. The average trading volume of BEN on November 13, 2024 was 4.76M shares.
BEN’s Market Performance
BEN’s stock has seen a 2.48% increase for the week, with a 6.71% rise in the past month and a -2.50% fall in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.65% for Franklin Resources, Inc The simple moving average for the past 20 days is 3.24% for BEN’s stock, with a -8.16% 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 5.53% 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 -29.19% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +6.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.39% upper at present.
During the last 5 trading sessions, BEN rose by +2.48%, which changed the moving average for the period of 200-days by -21.96% in comparison to the 20-day moving average, which settled at $20.80. In addition, Franklin Resources, Inc saw -27.93% 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 FRANKLIN RESOURCES INC, who sale 8,467 shares at the price of $43.69 back on Oct 16 ’24. After this action, FRANKLIN RESOURCES INC now owns 51,019 shares of Franklin Resources, Inc, valued at $369,943 using the latest closing price.
FRANKLIN RESOURCES INC, the Affiliate of Investment Adv of Franklin Resources, Inc, sale 7,900 shares at $43.71 during a trade that took place back on Oct 18 ’24, which means that FRANKLIN RESOURCES INC is holding 36,519 shares at $345,315 based on the most recent closing price.
Stock Fundamentals for BEN
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.67 for the gross margin
The net margin for Franklin Resources, Inc stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 3.49, 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 26.58.
Currently, EBITDA for the company is 796.8 million with net debt to EBITDA at 8.3. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 5.37for trailing twelve months and the total asset turnover is 0.25.
Conclusion
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.
