(Bloomberg) -- Nelson Peltz wasted little time in choosing his next target in the asset-management industry, grabbing board seats at Invesco Ltd.Just months after Franklin Resources Inc.’s takeover of Legg Mason, a deal he helped engineer, the billionaire activist investor joined Invesco’s board alongside fellow Trian Fund Management co-founder Ed Garden.That’s a typical next step in Peltz’s playbook.Peltz, 78, has been zeroing in on money managers for more than a decade, as seismic changes reshape the industry. Streaming content is taking the World by Storm, and it's one sector we are.... Trian Fund Management, led by activist investor Nelson Peltz, took large stakes in the two firms, prompting widespread speculation of an acquisition. Do Not Sell My Information. On average, they anticipate Franklin Resources' share price to reach $22.27 in the next year. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. Financials are being hit hard, and many have been calling for a recession or at least a slow down over the next couple of year. The company's average rating score is 1.80, and is based on 2 buy ratings, 8 hold ratings, and 5 sell ratings. BEN has formed a H&S pattern on the monthly chart. The firm's quarterly revenue was up 17.4% on a year-over-year basis. Franklin Resources has received 439 “outperform” votes. I believe BEN will drop down to its 2000-2009 trend line. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. “We view the three new board members as welcome additions to the board and look forward to engaging with them as we seek to further strengthen Invesco’s work for our clients and shareholders.”Read more: Peltz Says Invesco, Janus need scale to compete with BlackRockInvesco bought OppenheimerFunds last year, a $5.7 billion bet on the future of active management, as investors were already gravitating toward index investing. When autocomplete results are available use up and down arrows to review and enter to select. Stock analysis for Franklin Resources Inc (BEN:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Franklin Resources, Inc. (NYSE:BEN) issued its quarterly earnings results on Tuesday, October, 27th. Earnings Announcement for Period Ending Q1/2020. Franklin Resources had a return on equity of 12.18% and a net margin of 14.15%. View analysts' price targets for Franklin Resources. Franklin Resources has a market capitalization of $9.61 billion and generates $5.57 billion in revenue each year. BEN stock was bought by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, First Trust Advisors LP, KBC Group NV, New York State Common Retirement Fund, BNP Paribas Arbitrage SA, Wells Fargo & Company MN, Los Angeles Capital Management & Equity Research Inc., and Alaska Permanent Fund Corp. View insider buying and selling activity for Franklin Resources.
The P/E ratio of Franklin Resources is 12.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.58. Based on aggregate information from My MarketBeat watchlists, some companies that other Franklin Resources investors own include AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), The Coca-Cola (KO), Pfizer (PFE), 3M (MMM), Walgreens Boots Alliance (WBA), Chevron (CVX) and Verizon Communications (VZ). This indicates that Franklin Resources will be able to sustain or increase its dividend.
© American Consumer News, LLC dba MarketBeat® 2010-2020. Only 22.20% of the stock of Franklin Resources is held by insiders. The closed-end fund can be reached via phone at 650-312-2000 or via email at [email protected]. Shares of BEN can be purchased through any online brokerage account. Earnings for Franklin Resources are expected to remain at $2.58 per share in the coming year. This suggests a possible upside of 14.7% from the stock's current price. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. Export data to Excel for your own analysis. This payout ratio is at a healthy, sustainable level, below 75%. What's under the ground is worth $35 billion to Silicon Valley. Their forecasts range from $16.00 to $28.00. PEG Ratios above 1 indicate that a company could be overvalued. Learn more. Looking for new stock ideas? Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. (Add your “underperform” vote.). View Franklin Resources Inc BEN investment & stock information. This is like buying Netflix back in 2002, but without all the overhead. The ex-dividend date is Tuesday, September 29th. Franklin Resources has a P/B Ratio of 0.92. Identify stocks that meet your criteria using seven unique stock screeners. No credit card, email address, or subscription required. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. View analysts' price targets for Franklin Resources. © 2020 Verizon Media. It pays a dividend yield of 5.61%, putting its dividend yield in the top 25% of dividend-paying stocks. Franklin Resources' mailing address is ONE FRANKLIN PARKWAY, SAN MATEO CA, 94403. Company insiders that have sold Franklin Resources company stock in the last year include Craig Steven Tyle, and Mariann H Byerwalter. (Add your “outperform” vote. The P/E ratio of Franklin Resources is 12.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.54. Franklin Resources has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Vote “Outperform” if you believe BEN will outperform the S&P 500 over the long term. 15 brokers have issued 12 month price objectives for Franklin Resources' shares. Company insiders that own Franklin Resources stock include Craig Steven Tyle, Mariann H Byerwalter and Rupert H Johnson Jr. View institutional ownership trends for Franklin Resources. Franklin Resources is a leading dividend payer. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Top institutional shareholders include BlackRock Inc. (5.75%), Prudential PLC (0.80%), First Trust Advisors LP (0.76%), New York State Common Retirement Fund (0.34%), Wedge Capital Management L L P NC (0.19%) and Artemis Investment Management LLP (0.18%). Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.27 per share on Thursday, October 15th. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
All rights reserved. MarketBeat's community ratings are surveys of what our community members think about Franklin Resources and other stocks. Some companies that are related to Franklin Resources include BlackRock (BLK), The Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), SEI Investments (SEIC), Eaton Vance (EV), Invesco (IVZ), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC), Main Street Capital (MAIN) and Prospect Capital (PSEC). Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Franklin Resources is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021. The closed-end fund reported $0.56 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.68 by $0.12. Receive a free world-class investing education from MarketBeat. View live BENDIGO AND ADELAIDE BANK LIMITED chart to track its stock's price action. Franklin Resources announced a quarterly dividend on Friday, August 28th. He beat 650 of the world’s most famous investors in a trading contest. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. “You’re going to see many of these merge, and you’re going to see two or three of them come out similar to what BlackRock looks like.”Culture ClashesBlackRock CEO Larry Fink cast doubt on the idea that consolidation alone is enough to compete in money management.“If the acquisitions are being done to rip expenses out, they don’t work,” he said in a virtual appearance last month, without naming specific companies. View Franklin Resources' earnings history. Start Your Risk-Free Trial Subscription Here, 3 Supercharged Chinese EV Stocks to Watch Next Week, The Hershey Company (NYSE:HSY) Is A Sweet Buy For Your Income Portfolio, Pinduoduo (NASDAQ:PDD) Stock a Buy: A Strong Chinese E-commerce Alternative, Get Your International Exposure With Mercado Libre (NASDAQ:MELI), 3 Stocks to Buy that Could Benefit from Recent Voting Results, Lancaster Colony Corporation (NASDAQ:LANC) Is About To Raise The Dividend, More Gains for Barrick Gold (NYSE:GOLD) Make it Worth a Look, It’s Time For Another Slice Of Papa John’s International (NASDAQ:PZZA), Here’s Where to Ring the Register on Snap (NASDAQ: SNAP) Stock, 7 Entertainment Stocks That Are Still Delighting Investors, 7 Clean Energy Stocks With A Bright Future, 7 Stocks It May Be Time To Take Profits On, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, Receive Analysts' Upgrades and Downgrades Daily. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. There are currently 5 sell ratings, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Find market predictions, BEN financials and market news. “Could you create another scale competitor? One share of BEN stock can currently be purchased for approximately $19.41. Franklin Resources employs 9,600 workers across the globe. Garden and Peltz took seats on Legg Mason’s board about eight months before that deal was announced.The largest money managers aren’t the only ones expected to be involved in future deals.WisdomTree Investments Inc., with about $63.8 billion under management, and Waddell & Reed Financial Inc., which oversees roughly $67.9 billion, are among other mid-size independent managers seen as potential players. Announces Unaudited Balance Sheet Information as of October 31, 2020, ClearBridge MLP and Midstream Total Return Fund Inc. Learn more.
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