Franklin Resources Inc. (BEN) has had a mixed performance with many notable events occurring. The asset manager has been bolstered by a strong trading day where it outperformed competitors and also posted impressive month-end Assets Under Management.
BEN has demonstrated strong financial performance and growth, even as it navigates recent challenges. The company has also gained strategic acquisitions for growth and stability which has increased investor interest.
Despite notable setbacks such as the shuttering of a $2 billion fund and an executive put on leave, the situation did not deter insiders from investing in the company's stock. However, the company is now under investigations for potential securities law violations.
Renowned financial institutions have readjusted
BEN's price target to $19. Various wealth management firms are looking to increase their holdings in the company. Amid unpredictable market shifts
BEN stock hit a 52-week low. Notwithstanding, they have announced their diversification move into private real estate investments, and potentially into private equity. On the flip side, forecast earnings missed EPS by 51% which has prompted analysts to revise their outlook.
Franklin Resources BEN News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sat, 19 Oct 2024 13:20:10 GMT -
Rating 0
- Innovation -3
- Information 0
- Rumor -5
