Franklin Resources which can be found using ticker (BEN) now have 11 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 28 and 19 suggesting an average Analsyt target price of $24.50. Now with the previous closing price of $26.69 this indicates there is a potential downside of -8.2%. The 50 day moving average now sits at $27.94 and the 200 day MA is $26.64. The company has a market capitalization of $13,505m. Company Website: https://www.franklinresources.com
The potential market cap would be $12,397m based on the market consensus.
Franklin Resources 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. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Canada; Dubai, United Arab Emirates; Edinburgh, United Kingdom; Fort Lauderdale, United States; Hyderabad, India; London, United Kingdom; Rancho Cordova, United states; Shanghai, China; Singapore; Stamford, United States; and Vienna, Austria.
The company has a dividend yield of 4.5% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 13.77, revenue per share of 16.41 and a 4.28% return on assets.
