Franklin Resources, Inc’s recent filing unveils that its Affiliate of Investment Adv FRANKLIN RESOURCES INC unloaded Company’s shares for reported $0.1 million on Dec 16 ’24. In the deal valued at $46.04 per share,2,209 shares were sold. As a result of this transaction, FRANKLIN RESOURCES INC now holds 28,000 shares worth roughly $0.53 million.
Then, FRANKLIN RESOURCES INC sold 2,610 shares, generating $123,795 in total proceeds. Upon selling the shares at $47.43, the Affiliate of Investment Adv now owns 32,909 shares.
Before that, FRANKLIN RESOURCES INC sold 8,467 shares. Franklin Resources, Inc shares valued at $369,943 were divested by the Affiliate of Investment Adv at a price of $43.69 per share. As a result of the transaction, FRANKLIN RESOURCES INC now holds 51,019 shares, worth roughly $0.97 million.
Goldman upgraded its Franklin Resources, Inc [BEN] rating to a Neutral from a a Sell in a research note published on January 06, 2025; the price target was increased to $22 from $21. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Barclays began covering BEN with “an Underweight” recommendation on August 27, 2024. Wells Fargo revised its rating on January 08, 2024. It rated BEN as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of BEN
On Monday, Franklin Resources, Inc [NYSE:BEN] saw its stock fall -0.68% to $18.99. Over the last five days, the stock has lost -6.96%. Franklin Resources, Inc shares have fallen nearly -6.41% since the year began. Nevertheless, the stocks have fallen -34.70% over the past one year. While a 52-week high of $29.13 was reached on 01/06/25, a 52-week low of $18.94 was recorded on 01/13/25. SMA at 50 days reached $21.25, while 200 days put it at $22.19.
Levels Of Support And Resistance For BEN Stock
The 24-hour chart illustrates a support level at 18.75, which if violated will result in even more drops to 18.50. On the upside, there is a resistance level at 19.31. A further resistance level may holdings at 19.63. The Relative Strength Index (RSI) on the 14-day chart is 29.59, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.63%. Stochastics %K at 10.09% indicates the stock is a buying.
How much short interest is there in Franklin Resources, Inc?
A steep rise in short interest was recorded in Franklin Resources, Inc stocks on 2024-12-13, dropping by -5.26 million shares to a total of 23.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 28.82 million shares. There was a decline of -22.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $32 price target.
