Franklin Resources (BEN) Getting Somewhat Positive Press Coverage, Analysis Finds

News coverage about Franklin Resources (NYSE:BEN) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of 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 0.25 on Accern’s scale. Accern also gave news stories about the closed-end fund an impact score of 45.8138439811885 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of Franklin Resources (NYSE BEN) traded down $0.39 during trading hours on Wednesday, reaching $43.27. The company had a trading volume of 4,639,512 shares, compared to its average volume of 2,542,514. Franklin Resources has a 52 week low of $39.38 and a 52 week high of $47.65. The company has a market capitalization of $24,140.00, a PE ratio of 14.38, a P/E/G ratio of 2.33 and a beta of 1.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 8.75 and a current ratio of 8.75.

Franklin Resources (NYSE:BEN) last announced its quarterly earnings data on Thursday, October 26th. The closed-end fund reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Franklin Resources had a return on equity of 13.48% and a net margin of 26.54%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Franklin Resources’s revenue was up .3% compared to the same quarter last year. sell-side analysts anticipate that Franklin Resources will post 3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th will be paid a $0.23 dividend. The ex-dividend date is Friday, December 22nd. This represents a $0.92 annualized dividend and a yield of 2.13%. This is a boost from Franklin Resources’s previous quarterly dividend of $0.20. Franklin Resources’s dividend payout ratio is 30.56%.

BEN has been the topic of several recent analyst reports. Wells Fargo & Co reduced their price target on Franklin Resources from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, October 27th. ValuEngine downgraded Franklin Resources from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Zacks Investment Research downgraded Franklin Resources from a “buy” rating to a “hold” rating in a report on Monday, October 30th. UBS Group increased their price target on Franklin Resources from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Citigroup reduced their price target on Franklin Resources from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.55.

In related news, Chairman Gregory E. Johnson sold 56,825 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $42.83, for a total value of $2,433,814.75. Following the transaction, the chairman now owns 2,047,273 shares of the company’s stock, valued at $87,684,702.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Rupert H. Johnson, Jr. sold 400,000 shares of the stock in a transaction that occurred 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 three months, insiders sold 514,603 shares of company stock worth $22,134,429. 22.20% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Franklin Resources (NYSE:BEN)

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