Franklin Resources, Inc. (BEN) traded at $32.13, showing a price change of 32 cents, a 1% increase from the previous close of $31.81. The trading volume stood at $2.21 million, representing a 44.66% increase relative to the average.
In the latest quarterly earnings report on Monday, April 27th, Franklin Resources, Inc. (BEN) surpassed the consensus estimate with an EPS of 0.56.
The company boasts a forward dividend yield of 4.11%, with a dividend per share MRQ of 33 cents and a year-over-year increase of 3.2 cents. The trailing twelve months dividend per share stands at $1.3.
Evercore ISI released a hold rating for Franklin Resources, Inc. (BEN) on June 8th, with the stock price at $31.51. The new and previous grade is "Underperform".
The net change in cash for Franklin Resources, Inc. (BEN) was $84.2 million, ending the period with $3.57 billion in cash. Notable cash flow movements include debt repayment of $1.23 billion.
The company reported a revenue of $2.29 billion, with a gross profit of $1.21 billion. The net income stood at $346.6 million, resulting in an EPS of 52 cents.
Key ratios include a net profit margin of 15.1%, return on equity of 2.86%, and a price-to-earnings ratio of 8.82.
Franklin Resources, Inc. (BEN) holds total assets of $34.11 billion and total liabilities of $19.49 billion, with a net debt of $11.83 billion.
This financial snapshot provides insights into Franklin Resources, Inc.'s current standing and performance in the market.
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.