Franklin Resources, Inc. (NYSE:BEN) has a beta value of 1.42 and has seen 1.09 million shares traded in the recent trading session. The company, currently valued at $14.19B, closed the recent trade at $26.94 per share which meant it lost -$0.6 on the day or -2.16% during that session. The BEN stock price is -12.55% off its 52-week high price of $30.32 and 18.78% above the 52-week low of $21.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.77 million shares traded. The 3-month trading volume is 3.38 million shares.
Franklin Resources, Inc. (NYSE:BEN) trade information
Sporting -2.16% in the red today, the stock has traded in the red over the last five days, when the BEN stock price touched $26.94 or saw a rise of 4.06%. Year-to-date, Franklin Resources, Inc. shares have moved -9.55%, while the 5-day performance has seen it change -2.02%. Over the past 30 days, the shares of Franklin Resources, Inc. (NYSE:BEN) have changed -5.12%. Short interest in the company has seen 21.87 million shares shorted with days to cover at 6.48.
Franklin Resources, Inc. (BEN) estimates and forecasts
Figures show that Franklin Resources, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 12.79% over the past 6 months, with this year growth rate of -3.08%, compared to 7.90% for the industry. Revenue growth from the last financial year stood is estimated to be 8.30%.
6 analysts offering their estimates for the company have set an average revenue estimate of $1.68 billion for the current quarter. 6 have an estimated revenue figure of $1.69 billion for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.38% over the past 5 years. Earnings growth for 2024 is a modest -2.59% while over the next 5 years, the company’s earnings are expected to increase by 8.63%.
BEN Dividends
Franklin Resources, Inc. is expected to release its next earnings report on April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.22 at a share yield of 4.53%. The company’s dividend yield has gone up over the past 12 months.
Franklin Resources, Inc. (NYSE:BEN)’s Major holders
Insiders own 40.24% of the company shares, while shares held by institutions stand at 48.80% with a share float percentage of 81.67%. Investors are also buoyed by the number of investors in a company, with Franklin Resources, Inc. having a total of 813 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 34.78 million shares worth more than $929.07 million. As of Jun 29, 2023, Vanguard Group Inc held 6.97% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 31.76 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $848.26 million and represent 6.36% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are American Mutual Fund Inc and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 2.61% shares in the company for having 13.04 million shares of worth $320.57 million while later fund manager owns 9.36 million shares of worth $249.97 million as of Jun 29, 2023, which makes it owner of about 1.88% of company’s outstanding stock.
