In a report issued on October 7, Robert Lee from KBW reiterated a Hold rating on Franklin Resources (NYSE: BEN), with a price target of $34. The company’s shares closed yesterday at $30.94, close to its 52-week low of $29.95.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 8.1% and a 65.9% success rate. Lee covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Victory Capital Holdings Inc, and Janus Henderson Group plc.
Franklin Resources has an analyst consensus of Moderate Sell, with a price target consensus of $32.
See today’s analyst top recommended stocks >>
Based on Franklin Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $399 million. In comparison, last year the company had a net profit of $423 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Franklin Resources, Inc. is a holding company, which engages in the provision of financial and investment management services. It offers fund administration, sales, distribution, marketing, shareholder servicing, trustee, custody, and fiduciary services.