Franklin Resources, Inc. (BEN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Franklin Resources, Inc. is listed on the NYSE in the Financial sector while operating in the Asset Management industry. The current market capitalization of Franklin Resources, Inc. is $10.93B. A total of 3.47 million shares were traded on the day, compared to an average of 4.62M shares.

In the most recent transaction, FRANKLIN RESOURCES INC sold 8,467 shares of BEN for 43.69 per share on Oct 16 ’24. After the transaction, the Affiliate of Investment Adv now owns 51,019 company shares. In a previous transaction on Oct 18 ’24, FRANKLIN RESOURCES INC sold 7,900 shares at 43.71 per share. BEN shares that Affiliate of Investment Adv owns now total 36,519.

Among the insiders who sold shares, FRANKLIN RESOURCES INC disposed of 6,600 shares on Oct 17 ’24 at a per-share price of $43.69. This resulted in the Affiliate of Investment Adv holding 44,419 shares of BEN after the transaction. In another insider transaction, FRANKLIN RESOURCES INC sold 7,657 shares at $43.90 per share on Oct 14 ’24. Company shares held by the Affiliate of Investment Adv now total 65,862.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Franklin Resources, Inc. pays an annual dividend of $1.24, resulting in a dividend yield of 5.94%, and it has a price to earnings (P/E) ratio of 12.87. BEN’s most recent ex-dividend date was 9/30/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/12/2024 with an ex-dividend date of 6/28/2024. The BEN stock dividend was $0.31 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, BEN has a high of $30.32 and a low of $18.94.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BEN’s latest balance sheet shows that the firm has $4.65B in Cash & Short Term Investments as of fiscal 2021. There were $7.59B in debt and $1.73B in liabilities at the time. Its Book Value Per Share was $24.65, while its Total Shareholder’s Equity was $12.74B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BEN is Buy with a score of 2.14.

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