BEN Stock Summary and Trading Ideas (Franklin Resources | NYSE:BEN)

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

Franklin Resources trades on the NYSE stock market under the symbol BEN.

As of April 18, 2024, BEN stock price climbed to $25.00 with 760,283 million shares trading.

BEN has a beta of 1.59, meaning it tends to be more sensitive to market movements. BEN has a correlation of 0.39 to the broad based SPY ETF.

BEN has a market cap of $13.16 billion. This is considered a Large Cap stock.

Last quarter Franklin Resources reported $2 billion in Revenue and $.65 earnings per share. This beat revenue expectation by $474 million and exceeded earnings estimates by $.08.

In the last 3 years, BEN stock traded as high as $38.27 and as low as $20.24.

The top ETF exchange traded funds that BEN belongs to (by Net Assets): VTI, VOO, VO, NOBL, DVY.

BEN has underperformed the market in the last year with a price return of -2.3% while the SPY ETF gained +23.1%. BEN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.5% and -9.1%, respectively, while the SPY returned +6.8% and -3.2%, respectively.

BEN support price is $24.37 and resistance is $25.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BEN stock will trade within this expected range on the day.