Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Franklin Resources (BEN) Share Price

News coverage about Franklin Resources (NYSE:BEN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Franklin Resources earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the closed-end fund an impact score of 46.2295435871873 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Franklin Resources (NYSE:BEN) traded down $0.47 during trading hours on Tuesday, hitting $44.15. 2,239,779 shares of the stock traded hands, compared to its average volume of 2,252,555. The company has a market capitalization of $24,460.00, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.75. The company has a current ratio of 8.75, a quick ratio of 8.75 and a debt-to-equity ratio of 0.08. Franklin Resources has a 52-week low of $38.93 and a 52-week high of $47.65.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings data on Thursday, October 26th. The closed-end fund reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.64 billion. Franklin Resources had a net margin of 26.54% and a return on equity of 13.48%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. equities research analysts expect that Franklin Resources will post 2.92 earnings per share for the current fiscal year.

BEN has been the subject of several recent research reports. ValuEngine raised shares of Franklin Resources from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Franklin Resources from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 price target on shares of Franklin Resources in a research note on Sunday, September 3rd. Wells Fargo & Company lowered their price target on shares of Franklin Resources from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday, October 27th. Finally, UBS boosted their price target on shares of Franklin Resources from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.45.

In other news, Vice Chairman Rupert H. Johnson, Jr. sold 400,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $42.95, for a total transaction of $17,180,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory E. Johnson sold 56,825 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $42.83, for a total transaction of $2,433,814.75. Following the transaction, the chairman now directly owns 2,047,273 shares of the company’s stock, valued at $87,684,702.59. The disclosure for this sale can be found here. Corporate insiders own 21.60% of the company’s stock.

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Franklin Resources Company Profile

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.

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