Somewhat Positive Press Coverage Somewhat Unlikely to Affect Franklin Resources (BEN) Stock Price
Media coverage about Franklin Resources (NYSE:BEN) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Franklin Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the closed-end fund an impact score of 46.7737676901148 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Ameriprise Financial Services (AMP) versus Franklin Resources (BEN) Critical Contrast (americanbankingnews.com)
- Penn State eyes expanded program at The Navy Yard (pottsmerc.com)
- MOVES-Citigroup, SocGen, BofA Merrill, Hiscox, Franklin Resources (C, GLE, BEN, BAC) – Markets Insider (markets.businessinsider.com)
- MOVES-Franklin Templeton names new ETF portfolio manager (feeds.reuters.com)
- Franklin Resources, Inc. (NYSE:BEN) – Trend Analysis – The Investor Guide (wallstreetnews24.com)
Several research analysts recently weighed in on BEN shares. Citigroup Inc. reissued a “neutral” rating and issued a $43.00 target price (up previously from $42.00) on shares of Franklin Resources in a research note on Friday, June 9th. BidaskClub raised shares of Franklin Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of Franklin Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG boosted their target price on shares of Franklin Resources from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 target price on shares of Franklin Resources in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.09.
Franklin Resources (NYSE:BEN) traded down 0.91% during mid-day trading on Thursday, reaching $42.58. The company’s stock had a trading volume of 1,806,037 shares. The firm has a market capitalization of $23.75 billion, a price-to-earnings ratio of 13.86 and a beta of 1.73. The firm has a 50-day moving average of $42.65 and a 200 day moving average of $43.09. Franklin Resources has a 1-year low of $33.02 and a 1-year high of $47.65.
Franklin Resources (NYSE:BEN) last announced its quarterly earnings data on Friday, July 28th. The closed-end fund reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Franklin Resources had a return on equity of 13.96% and a net margin of 27.30%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. Equities analysts expect that Franklin Resources will post $2.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, September 28th. Franklin Resources’s payout ratio is currently 26.14%.
About Franklin Resources
Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.
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