Franklin Resources, Inc.’s Stock Price Drops to $19.61, Experiencing a 3.59% Decline: A Closer Look

Franklin Resources, Inc. (BEN)

19.61 USD -0.73 (-3.59%) Volume: 8.39M

Franklin Resources, Inc.’s stock price is currently at 19.61 USD, experiencing a dip of -3.59% this trading session with a trading volume of 8.39M. Year-to-date, the stock has seen a significant decrease of -34.17%, reflecting its current market performance.

Latest developments on Franklin Resources, Inc.

Franklin Resources stock price hit a 52-week low at $19.6 amidst market shifts, leading to investigations by law firms such as Bronstein, Gewirtz and Grossman, LLC and Glancy Prongay & Murray LLP for alleged wrongdoings. Additionally, Franklin Resources‘ Wamco faces potential loss of the Chicago Teachers’ mandate. The company’s stock was initiated with an Underweight rating at Barclays, while AustralianSuper Pty Ltd purchased new shares. Insider confidence was displayed as JENNIFER JOHNSON acquired $396K in Franklin Resources stock. Despite challenges, Franklin Resources announced a quarterly dividend and received top scores in the 2024 Disability Equality Index, showcasing its commitment to inclusion. However, ongoing investigations and mixed performance have contributed to the stock’s struggles.

A look at Franklin Resources, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Franklin Resources, also known as Franklin Templeton Investments, is a company that provides investment advisory services to a wide range of investors. According to Smartkarma Smart Scores, Franklin Resources has a strong outlook in terms of value and dividend, scoring high in these areas. This indicates that the company is seen as a good investment option for those looking for value and consistent dividends.

However, Franklin Resources scores lower in terms of growth, resilience, and momentum, which suggests that the company may face challenges in these areas in the long term. Despite this, with its solid performance in value and dividends, Franklin Resources could still be a promising choice for investors seeking stability and income from their investments.

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