Stock News in Focus: Franklin Resources [NYSE:BEN]
Franklin Resources [NYSE:BEN] stock identified change of 5.71% away from 52-week low price and recently located move of -24.54% off 52-week high price. It has market worth of $13650.42M and dividend yield of 3.85%. BEN stock has been recorded -14.16% away from 50 day moving average and -16.16% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.94% off 20-day moving average.
On Sept. 05, 2019, Franklin Resources [NYSE:BEN] revealed a quarterly cash dividend in the amount of $0.26 per share payable on October 11, 2019 to stockholders of record holding shares of common stock at the close of business on September 30, 2019. The quarterly dividend of $0.26 per share is equivalent to the dividend paid for the prior quarter and represents a 13% increase over the quarterly dividend paid for the same quarter last year.
Franklin Resources [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the Company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The Company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and more than $709 billion in assets under management as of July 31, 2019.
The Financial sector company, Franklin Resources noticed change of 3.05% to $27.03 along volume of 2905203 shares in recent session compared to an average volume of 3044.75K. The stock observed return of 3.96% in 5 days trading activity. The stock was at -12.01% over one month performance. BEN’s shares are at -18.51% for the quarter and driving a -13.53% return over the course of the past year and is now at -8.87% since this point in 2018.
The average volatility for the week at 1.73% and for month was at 2.27%. There are 505.01M shares outstanding and 274.58M shares are floated in market. Right now the stock beta is 1.24.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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Zip code: 93927
Contact # 831-385-8150