Franklin Resources (BEN) Shares are Up 3.63%

Franklin Resources (BEN) : Traders are bullish on Franklin Resources (BEN) as it has outperformed the S&P 500 by a wide margin of 4.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.63% in the last 1 week, and is up 4.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Franklin Resources, Inc. is up 4.15% in the last 3-month period. Year-to-Date the stock performance stands at 1.06%. The stock has recorded a 20-day Moving Average of 3.31% and the 50-Day Moving Average is 7.26%.


Franklin Resources (NYSE:BEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.37 and $36.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.82, notching a gain of 0.60% for the day. The total traded volume was 3,174,032 . The stock had closed at $36.60 on the previous day.

Also, In a research note released to the investors, Barclays maintains its rating on Franklin Resources (NYSE:BEN).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $30 per share to $31 per share. The rating by the firm was issued on August 9, 2016.

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.

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