Franklin Resources (NYSE:BEN) has been a hot topic within the investment community. The global investment firm experienced a new 12-month low at $21.54 and overall downward trend over three years. Despite this, several significant players, including Price T Rowe Associates Inc. MD, have increased their stake signaling ongoing trust in the firm's future. Notably, although the company's shares have underperformed, they beat Q3 earnings and revenue estimates, and investor interest remains strong. Furthermore, despite some sales, including by the Public Employees Retirement System of Ohio, new investments have been made by companies such as Plato Investment Management Ltd and Zurich Insurance Group Ltd FI. Yet, it's clear that the broader consensus leans towards caution; consistently falling industry standings and contracting margins have led to a consensus analyst rating of “Reduce”. However, the firm recently announced growth in its assets under management, a factor that could contribute to its financial health going forward. In summary, Franklin Resources' stock has been marked by volatility in the market, but specific indicators point to the company's resilience and potential for growth.
Franklin Resources BEN News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 18:07:36 GMT -
Rating 1
- Innovation -3
- Information 4
- Rumor -4
