The price of Franklin Resources, Inc (NYSE:BEN) shares last traded on Wall Street rose 1.94% to $20.46.
BEN stock price is now 7.10% away from the 50-day moving average and 0.06% away from the 200-day moving average. The market capitalization of the company currently stands at $10.75B.
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With the price target enhanced from $21 to $22, Goldman Upgraded its rating from Sell to Neutral for Franklin Resources, Inc (NYSE: BEN). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $20, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, FRANKLIN RESOURCES INC, Affiliate of Investment Adv. sold 863,558 shares of the company’s stock on Apr 17 ’25. The stock was sold for $10,000,000 at an average price of $11.58. Upon completion of the transaction, the Affiliate of Investment Adv. now directly owns 14,930,077 shares in the company, valued at $305.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’25, 10% Owner JOHNSON CHARLES B bought 420 shares of the business’s stock. A total of $7,442 was incurred on buying the stock at an average price of $17.72. This leaves the insider owning 89,375,487 shares of the company worth $1.83 billion. A total of 40.15% of the company’s stock is owned by insiders.
During the past 12 months, Franklin Resources, Inc has had a low of $16.25 and a high of $24.86.
The net profit margin was 4.12% and return on equity was 2.84% for BEN. The company reported revenue of $2.11 billion for the quarter, compared to $2.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.92 percent.
