In Thursday’s session, Franklin Resources Inc. (NYSE:BEN) marked $23.71 per share, down from $24.25 in the previous session. While Franklin Resources Inc. has underperformed by -2.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BEN fell by -22.41%, with highs and lows ranging from $38.27 to $22.61, whereas the simple moving average fell by -15.33% in the last 200 days.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now.
On September 08, 2022, BofA Securities Downgraded Franklin Resources Inc. (NYSE: BEN) to Underperform. Citigroup April 12, 2022d its ‘Buy’ rating to ‘Neutral’ for BEN, as published in its report on April 12, 2022. BMO Capital Markets’s report from December 17, 2021 suggests a price prediction of $38 for BEN shares, giving the stock a ‘Market Perform’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of Franklin Resources Inc. (BEN)
With BEN’s current dividend of $1.16 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -6.50%, showing a negative trend in the upcoming months.
Franklin Resources Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 14.40% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and BEN has an average volume of 2.80M. On a monthly basis, the volatility of the stock is set at 2.61%, whereas on a weekly basis, it is put at 2.87%, with a loss of -3.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.89, showing growth from the present price of $23.71, which can serve as yet another indication of whether BEN is worth investing in or should be passed over.
How Do You Analyze Franklin Resources Inc. Shares?
Asset Management giant Franklin Resources Inc. (BEN) is based in the USA and is one of the largest companies in the market. When comparing Franklin Resources Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.03, there is a growth in quarterly earnings of -41.20%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 47.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BEN shares?
The recent increase in stakes in BEN appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in BEN has increased by 0.47% in the first quarter. The company now owns 33,041,693 shares of the stock, with a value of $861.4 million, following the purchase of 153,112 additional shares during the last quarter. SSgA Funds Management, Inc. made another increased to its shares in BEN during the first quarter, upping its stake by 19.56%. During the last quarter, the company picked up 5,321,881 additional shares for a total stake of worth $847.93 million, bringing number of shares owned by the company to 32,525,128.
During the first quarter, BlackRock Fund Advisors added a 708,005 position in BEN. Capital Research & Management Co purchased an additional 73935.0 shares in the last quarter, increasing its holdings by 0.85%, now holding 8.77 million shares worth $228.57 million. At the end of the first quarter, Clarkston Capital Partners LLC increased its BEN holdings by 2.15% and now holds 6.85 million BEN shares valued at $178.55 million with the added 0.14 million shares during the period. BEN shares are owned by institutional investors to the tune of 47.50% at present.