Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Franklin Resources Inc before investing.

In this article, we go over a few key elements for understanding Franklin Resources Inc’s stock price such as:

• Franklin Resources Inc’s current stock price and volume
• Why Franklin Resources Inc’s stock price changed recently
• Upgrades and downgrades for BEN from analysts
• BEN’s stock price momentum as measured by its relative strength

About Franklin Resources Inc (BEN)

Before we jump into Franklin Resources Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Franklin Resources, Inc. is a global investment management company with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. It offers specialization on a global scale, bringing capabilities in fixed income, equity, alternatives and multi-asset solutions. The Company provides its investment management and related services to retail, institutional and high-net-worth investors in jurisdictions worldwide. Its investment products include sponsored funds, as well as institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. Its funds include registered funds (including exchange-traded funds or ETFs) and unregistered funds. The Company offers its services and products under its various brand names, including Alcentra, K2, Benefit Street Partners, ClearBridge Investments, Martin Currie, O’Shaughnessy, and Lexington Partners. It also focuses on the retirement sector.

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Franklin Resources Inc’s Stock Price as of Market Close

As of August 21, 2024, 4:00 PM, CST, Franklin Resources Inc’s stock price was $19.78.

Franklin Resources Inc is down 12.56% from its previous closing price of $22.62.

During the last market session, Franklin Resources Inc’s stock traded between $22.56 and $22.80. Currently, there are 516.50 million shares of Franklin Resources Inc stock available for purchase.

Franklin Resources Inc’s price-earnings (P/E) ratio is currently at 14.1, which is low compared to the Investment Management & Fund Operators industry median of 14.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Franklin Resources Inc Stock Price History

Franklin Resources Inc’s (BEN) price is currently down 13.51% so far this month.

During the month of August, Franklin Resources Inc’s stock price has reached a high of $23.15 and a low of $19.61.

Over the last year, Franklin Resources Inc has hit prices as high as $30.32 and as low as $20.92. Year to date, Franklin Resources Inc’s stock is down 25.02%.

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What Caused Franklin Resources Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 20, 2024, there were 10 analysts who downgraded Franklin Resources Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Franklin Resources Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Franklin Resources Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Franklin Resources Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Franklin Resources Inc (BEN) by visiting AAII Stock Evaluator.

Relative Price Strength of Franklin Resources Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 20, 2024, Franklin Resources Inc has a weighted four-quarter relative price strength of -8.90%, which translates to a Momentum Score of 36 and is considered to be Weak.

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Franklin Resources Inc Stock Price: Bottom Line

As of August 21, 2024, Franklin Resources Inc’s stock price is $19.78, which is down 12.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Franklin Resources Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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