Franklin Resources, Inc. (NYSE:BEN) will post its quarterly earnings results before the market opens on Thursday, January 28th. Analysts expect Franklin Resources to post earnings of $0.76 per share for the quarter.

Franklin Resources, Inc. (NYSE:BEN) opened at 32.53 on Tuesday. The firm has a market capitalization of $19.57 billion and a price-to-earnings ratio of 9.89. Franklin Resources, Inc. has a 12-month low of $31.87 and a 12-month high of $54.85. The company’s 50 day moving average price is $35.50 and its 200-day moving average price is $40.06.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 13th. Investors of record on Tuesday, December 29th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 24th. This represents a $0.72 annualized dividend and a yield of 2.21%.

Several equities research analysts recently commented on the company. Vetr cut Franklin Resources from a “buy” rating to a “hold” rating and set a $38.22 target price for the company. in a research note on Monday, October 12th. Keefe, Bruyette & Woods decreased their target price on Franklin Resources from $43.00 to $40.00 and set a “market perform” rating for the company in a research note on Monday, January 11th. Susquehanna raised their target price on Franklin Resources from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 3rd. Credit Suisse cut Franklin Resources from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $41.00 to $37.00 in a research note on Monday, January 4th. Finally, Deutsche Bank decreased their target price on Franklin Resources from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, January 8th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.43.

Franklin Resources, Inc. (NYSE:BEN), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Company’s investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

12 Month Chart for NYSE:BEN

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