Franklin Resources (BEN) : Zacks Investment Research ranks Franklin Resources (BEN) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3.33, which indicates as a Hold.
Franklin Resources (BEN) : The consensus price target for Franklin Resources (BEN) is $34 for the short term with a standard deviation of $3.59. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $28.
Company shares have received an average consensus rating of Hold for the current week Franklin Resources (NYSE:BEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.78 and $35.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.65, notching a gain of 0.25% for the day. The total traded volume was 1,387,791 . The stock had closed at $35.56 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Co-President) of Franklin Resources Inc, Johnson Jennifer M, had purchased 210 shares in a transaction dated on December 22, 2015. The transaction was executed at $35.74 per share with total amount equaling $7,505.
Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.