Despite going through a rough period,
Franklin Resources (BEN) continues to attract investors' attention. This is evident as KLP Kapitalforvaltning AS, Modern Wealth Management LLC, and Raymond James Financial Inc. have recently acquired large stakes in the company. Simultaneously, it rewards its investors with an attractive yield, leading it to be favored among
dividend investors. Besides, the
value investors are drawn to BEN's yield and 9x P/E ratio. In addition, it reported better than expected
Q1 results, surpassing both earnings and revenue estimates. However, the market reacted negatively to BEN's earnings decline causing a significant 5.7% dip in its stocks this week. Furthermore, its CO-CIO was put on Leave following the company's decision to shut down a $2 Billion Fund. The stock has also been at a discount, raising concerns whether it's a deep value or a justified discount. The recent news of a
Securities Fraud Investigation has added to the investors' worry. Despite these, BEN remains keen on improving its financial performance and driving growth. While some analysts bear a bearish outlook for BEN, Franklin Resources continues to show potential as an investment for a reliable passive income.
Franklin Resources BEN News Analytics from Wed, 03 Jul 2024 07:00:00 GMT to Sat, 29 Mar 2025 10:03:23 GMT -
Rating 3
- Innovation -4
- Information 2
- Rumor -6
