Franklin Resources, Inc.’s Stock Price Slips to $23.08, Marking a 2.37% Decline: A Detailed Analysis

Franklin Resources, Inc. (BEN)

23.08 USD -0.56 (-2.37%) Volume: 6.47M

Franklin Resources, Inc.’s stock price is currently at 23.08 USD, experiencing a drop of -2.37% this trading session with a trading volume of 6.47M, reflecting a significant YTD decrease of -22.52%; a key point for investors monitoring BEN’s market performance.

Latest developments on Franklin Resources, Inc.

Franklin Resources, Inc. has reported a climb in their fiscal third-quarter results, driven by higher fees despite facing net outflows. The company’s earnings beat estimates, with earnings per share of $0.32 falling short, but revenue of $2.12 billion exceeding expectations. Franklin Resources also saw an increase in stock holdings by investment firms like Russell Investments Group Ltd. and Vanguard Group Inc. Additionally, the company made headlines for partnering with SBI Holdings to launch a digital asset management company in Japan. Despite some losses, Franklin Resources stock outperformed competitors, showcasing steady growth amid tech investments.

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 clients. According to Smartkarma Smart Scores, the company has a strong dividend score of 5, indicating a positive outlook for investors looking for steady income. Additionally, Franklin Resources scored well in the value category with a score of 4, suggesting that the company may be undervalued compared to its competitors.

Looking at the long-term outlook, Franklin Resources received a growth score of 3, resilience score of 3, and momentum score of 2. While the company may not be experiencing significant growth or momentum currently, its strong dividend and value scores indicate stability and potential for long-term returns. Investors seeking a reliable investment option may find Franklin Resources to be a favorable choice based on these Smartkarma Smart Scores.

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