Franklin Resources, Inc. (NYSE:BEN), an investment management firm, underwent eventful activity in the recent period. Despite losses incurred on some days, its stock managed to outperform competitors in several instances. The firm also witnessed high-level transactions from several prominent global financial institutions, including
First Trust Advisors LP, CIBC Asset Management Inc, and US Bancorp DE. However, analysts delivered a consensus recommendation of “Reduce” on BEN’s stock. Notwithstanding, BEN’s Q2 earnings lagged behind forecasts, missing analyst projections despite strategic expansions. Possible exploration into launching a new private crypto fund and reporting of a robust dividend yield showed promise. Franklin Resources notably received increased backing from large-scale holders, Manufacturer’s Life Insurance Company, increasing their holdings in BEN. The
Treasurer of the State of North Carolina also increased stock holdings. Negative aspects included the observation of a falling industry, lagging financial strength, contracting margins, and an insider lowering their holding by 90% during the last year. BEN also reportedly missed EPS by 51%, leading to analysts revising their forecasts. Despite this, Franklin Resources still poised as a potential great value stock. The full story remains untold as the company's shares leaped 26%.
Franklin Resources BEN News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 17:27:02 GMT -
Rating -3
- Innovation -2
- Information 5
- Rumor 0
