Media stories about Franklin Resources (NYSE:BEN) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franklin Resources earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the closed-end fund an impact score of 47.1176099954067 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Franklin Resources, Inc. : BEN-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 12, 2017 (finance.yahoo.com)
- Why JPMorgan’s Earnings Are Good News…for T. Rowe, Invesco (finance.yahoo.com)
- Jefferies Group Comments on Franklin Resources, Inc.’s FY2018 Earnings (BEN) (americanbankingnews.com)
- Franklin Resources’ (BEN) Hold Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- iHeartMedia’s legal win against creditors upheld by Texas court (marketwatch.com)
A number of analysts have weighed in on BEN shares. BidaskClub raised shares of Franklin Resources from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Barclays PLC started coverage on shares of Franklin Resources in a report on Friday, September 8th. They set an “underweight” rating and a $40.00 price objective on the stock. Zacks Investment Research cut shares of Franklin Resources from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Wells Fargo & Company cut shares of Franklin Resources from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a report on Monday, July 24th. Finally, Deutsche Bank AG raised their price objective on shares of Franklin Resources from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, July 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Franklin Resources has a consensus rating of “Hold” and an average price target of $44.36.
Franklin Resources (NYSE:BEN) last announced its quarterly earnings data on Friday, July 28th. The closed-end fund reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Franklin Resources had a return on equity of 13.28% and a net margin of 28.47%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 28th. Franklin Resources’s dividend payout ratio (DPR) is presently 26.14%.
Franklin Resources Company Profile
Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.
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