Franklin Resources, Inc’s filing revealed that its Affiliate of Investment Adv. FRANKLIN RESOURCES INC unloaded Company’s shares for reported $10.0 million on Apr 17 ’25. In the deal valued at $11.58 per share,863,558 shares were sold. As a result of this transaction, FRANKLIN RESOURCES INC now holds 14,930,077 shares worth roughly $312.64 million.
Then, JOHNSON CHARLES B bought 420 shares, generating $7,442 in total proceeds. Upon buying the shares at $17.72, the 10% Owner now owns 89,375,487 shares.
Before that, JOHNSON CHARLES B sold 420 shares. Franklin Resources, Inc shares valued at $7,379 were divested by the 10% Owner at a price of $17.57 per share. As a result of the transaction, JOHNSON CHARLES B now holds 89,375,067 shares, worth roughly $1.87 billion.
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 Friday, Franklin Resources, Inc [NYSE:BEN] saw its stock jump 0.48% to $20.94. Over the last five days, the stock has gained 4.39%. Franklin Resources, Inc shares have risen nearly 3.20% since the year began. Nevertheless, the stocks have fallen -10.13% over the past one year. While a 52-week high of $24.86 was reached on 01/31/25, a 52-week low of $16.25 was recorded on 04/09/25. SMA at 50 days reached $19.14, while 200 days put it at $20.42.
Levels Of Support And Resistance For BEN Stock
The 24-hour chart illustrates a support level at 20.83, which if violated will result in even more drops to 20.73. On the upside, there is a resistance level at 21.08. A further resistance level may holdings at 21.22. The Relative Strength Index (RSI) on the 14-day chart is 71.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.78%. Stochastics %K at 92.69% indicates the stock is a selling.
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.
