Franklin Resources, Inc.’s Stock Price Plunges by 12.56%, Trading at $19.78: A Deep Dive into BEN’s Market Performance

Franklin Resources, Inc. (BEN)

19.78 USD -2.84 (-12.56%) Volume: 24.02M

Franklin Resources, Inc.’s stock price currently stands at 19.78 USD, experiencing a significant drop of 12.56% this trading session, with a high trading volume of 24.02M. The company’s stock has been on a downward trend YTD, showing a decrease of 33.60%, reflecting its volatile market performance.

Latest developments on Franklin Resources, Inc.

Franklin Resources stock has been on a rollercoaster ride following reports of SEC investigations and federal criminal probes. The company’s stock price took a hit as the Co-CIO of a $2 billion unit received a Wells notice from the SEC, leading to a sharp drop in stock value. Franklin Templeton also made headlines by shutting down a $2 billion fund and replacing its investment chief amid ongoing US probes. As a result, Franklin Resources stock hit a 52-week low at $20.92, with unusually high trading volume. Despite these challenges, Franklin Templeton Canada added Brandywine’s U.S. High Yield expertise to its fixed income lineup, showing a commitment to diversifying its offerings. Investors are keeping a close eye on Franklin Resources, Inc. (NYSE:BEN) as the company navigates these turbulent times.

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, known as Franklin Templeton Investments, is a company that offers investment advisory services to a variety of clients. According to Smartkarma Smart Scores, the company scores well in areas such as Dividend and Value, which suggests a positive long-term outlook. This indicates that Franklin Resources may be a good choice for investors looking for stable returns and value in their investments.

While Franklin Resources scores lower in areas like Growth, Resilience, and Momentum, its strong performance in Dividend and Value could still make it a solid option for investors seeking consistent income and a good deal. Overall, based on the Smartkarma Smart Scores, Franklin Resources appears to have a promising long-term outlook in the investment market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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