Franklin Resources (BEN) has been highlighted as a potential top pick for those looking for low-priced dividend stocks, with some believing that the stock could be a good choice for passive income given its yield of around 5%. There have been large stock purchases by institutions such as the
Commonwealth Equity Services and
Raymond James Financial, and a notable individual buy by Franklin Resources'
Charles Johnson. However, Franklin Resources has also faced its share of diificulties. It was observed that the market didn't take kindly to a decline in the company's earnings, resulting in a 5.7% dip in the stock’s value. Additionally, the firm made headlines when it was revealed that it had closed a
$2 billion fund and placed its co-CIO on leave. Observers are divided over the implications of this for the stock value, with some feeling it represents a deep value opportunity, while others see it as a warranted discount. Amid these events, Franklin Resources' fourth quarter and fiscal year results, as well as its first quarter earnings, have been announced. The latter apparently missed expectations, causing the stock to drop by 12.6%.
Franklin Resources BEN News Analytics from Sat, 11 May 2024 07:00:00 GMT to Sat, 22 Mar 2025 16:58:52 GMT -
Rating 2
- Innovation -7
- Information 4
- Rumor -3
