Franklin Resources (NYSE:BEN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Franklin Resources from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Franklin Resources in a research report on Friday, December 22nd. Wells Fargo & Co cut their price objective on Franklin Resources from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, October 27th. UBS Group raised their price objective on Franklin Resources from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Citigroup cut their price objective on Franklin Resources from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.45.

Shares of Franklin Resources (NYSE BEN) opened at $42.07 on Friday. Franklin Resources has a 52-week low of $39.38 and a 52-week high of $47.65. The stock has a market capitalization of $23,568.78, a P/E ratio of 35.96, a PEG ratio of 1.48 and a beta of 1.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 8.75 and a quick ratio of 8.75.

Franklin Resources (NYSE:BEN) last released its quarterly earnings data on Tuesday, January 30th. The closed-end fund reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. Franklin Resources had a return on equity of 13.71% and a net margin of 10.44%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. sell-side analysts anticipate that Franklin Resources will post 3.17 EPS for the current year.

In other Franklin Resources news, Chairman Gregory E. Johnson sold 49,988 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $43.58, for a total transaction of $2,178,477.04. Following the transaction, the chairman now owns 2,116,886 shares in the company, valued at approximately $92,253,891.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Rupert H. Johnson, Jr. sold 400,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $42.95, for a total value of $17,180,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 457,778 shares of company stock worth $19,700,614. 22.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Mountain Capital Investment Advisors Inc bought a new position in Franklin Resources during the 2nd quarter worth $123,000. Cerebellum GP LLC bought a new position in Franklin Resources during the 4th quarter worth $125,000. Benjamin F. Edwards & Company Inc. bought a new position in Franklin Resources during the 3rd quarter worth $127,000. Chicago Equity Partners LLC bought a new position in Franklin Resources during the 3rd quarter worth $209,000. Finally, Highbridge Capital Management LLC bought a new position in Franklin Resources during the 3rd quarter worth $210,000. Hedge funds and other institutional investors own 44.87% of the company’s stock.

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Franklin Resources Company Profile

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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Analyst Recommendations for Franklin Resources (NYSE:BEN)

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