Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Franklin Resources, Inc shares valued at $1,957,000 were purchased by JOHNSON CHARLES B on Mar 04 ’25. At $19.57 per share, JOHNSON CHARLES B acquired 100,000 shares. The insider’s holdings grew to 89,375,067 shares worth approximately $1.8 billion following the completion of this transaction.
Also, FRANKLIN RESOURCES INC sold 2,209 shares, netting a total of over 101,707 in proceeds. Following the sale of shares at $46.04 each, the insider now holds 28,000 shares.
Before that, FRANKLIN RESOURCES INC had sold 2,610 shares from its account. In a trade valued at $123,795, the Affiliate of Investment Adv traded Franklin Resources, Inc shares for $47.43 each. Upon closing the transaction, the insider’s holdings decreased to 2,610 shares, worth approximately $0.66 million.
As published in a research note from Goldman on January 06, 2025, Franklin Resources, Inc [BEN] has been rated up from a Sell to a Neutral and the price target has been revised to $22 from $21. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid September. As of August 27, 2024, Barclays has initiated its “an Underweight” rating for BEN. Earlier on January 08, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for BEN stock which previously was a “an Underweight”.
Analyzing BEN Stock Performance
During the last five days, there has been a surge of approximately 1.10%. Over the course of the year, Franklin Resources, Inc shares have dropped approximately -0.69%. Shares of the company reached a 52-week high of $22.59 on 01/31/25 and a 52-week low of $18.83 on 01/13/25. A 50-day SMA is recorded $20.21, while a 200-day SMA reached $21.32.
Support And Resistance Levels for Franklin Resources, Inc (BEN)
According to the 24-hour chart, there is a support level at 19.70, which, if violated, would cause prices to drop to 19.24. In the upper region, resistance lies at 20.45. The next price resistance is at 20.74. RSI (Relative Strength Index) is 48.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 53.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
