In a report released yesterday, Michael Brown from KBW maintained a Sell rating on Franklin Resources (BEN – Research Report), with a price target of $27.00. The company’s shares closed yesterday at $28.11.
According to TipRanks, Brown is a 5-star analyst with an average return of 16.9% and a 64.77% success rate. Brown covers the Financial sector, focusing on stocks such as KKR & Co, T Rowe Price, and WisdomTree.
In addition to KBW, Franklin Resources also received a Sell from Evercore ISI’s Glenn Schorr in a report issued on January 30. However, yesterday, Wells Fargo maintained a Hold rating on Franklin Resources (NYSE: BEN).
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $30.51 and a one-year low of $21.65. Currently, Franklin Resources has an average volume of 3.53M.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BEN in relation to earlier this year.
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 (BEN) Company Description:
Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners. The company was founded by Rupert H. Johnson, Sr. in 1947 and is headquartered in San Mateo, CA.
Read More on BEN:
- Franklin Resources Awards CFO Nicholls for Key Acquisition Role
- Franklin Resources Shareholders Approve Key Proposals
- Franklin Resources Announces Executive Changes and Stock Plan Expansion
- Franklin Resources price target lowered to $28 from $30 at Deutsche Bank
- Franklin Resources price target raised to $30 from $27 at BMO Capital
