Press coverage about Franklin Resources (NYSE:BEN) has trended very positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Franklin Resources earned a news sentiment score of 3.20 on their scale. InfoTrie also gave headlines about the closed-end fund an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Franklin Resources’ score:

BEN stock opened at $33.27 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.71 and a current ratio of 3.71. Franklin Resources has a 12-month low of $28.12 and a 12-month high of $45.96. The stock has a market capitalization of $17.39 billion, a P/E ratio of 10.43, a PEG ratio of 1.19 and a beta of 1.30.

Franklin Resources (NYSE:BEN) last posted its quarterly earnings data on Thursday, October 25th. The closed-end fund reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.39. Franklin Resources had a return on equity of 16.26% and a net margin of 12.10%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, analysts expect that Franklin Resources will post 2.88 earnings per share for the current year.

A number of research firms have recently commented on BEN. Zacks Investment Research upgraded Franklin Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, August 24th. Deutsche Bank dropped their target price on Franklin Resources from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Friday, November 16th. JPMorgan Chase & Co. cut Franklin Resources from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $32.00 to $29.00 in a research report on Thursday, September 6th. Credit Suisse Group dropped their target price on Franklin Resources from $28.00 to $26.00 and set an “underperform” rating on the stock in a research report on Friday, October 26th. Finally, UBS Group dropped their target price on Franklin Resources from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, October 8th. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.18.

In related news, Vice Chairman Rupert H. Johnson, Jr. sold 323,000 shares of Franklin Resources stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $32.42, for a total value of $10,471,660.00. Following the sale, the insider now directly owns 103,653,045 shares in the company, valued at approximately $3,360,431,718.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jed A. Plafker sold 4,820 shares of Franklin Resources stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $32.85, for a total value of $158,337.00. Following the completion of the sale, the insider now owns 56,369 shares in the company, valued at $1,851,721.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 338,036 shares of company stock worth $10,979,997. 22.20% of the stock is currently owned by insiders.

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Franklin Resources Company Profile

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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