Franklin Resources, Inc’s recent filing unveils 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 $334.14 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 $2.0 billion.
TD Cowen upgraded its Franklin Resources, Inc [BEN] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Neutral”. Wells Fargo began covering BEN with “an Equal weight” recommendation on September 12, 2024. Barclays started covering the stock on August 27, 2024. It rated BEN as “an Underweight”.
Price Performance Review of BEN
On Friday, Franklin Resources, Inc [NYSE:BEN] saw its stock jump 0.90% to $22.38. Over the last five days, the stock has gained 6.88%. Franklin Resources, Inc shares have risen nearly 10.30% since the year began. Nevertheless, the stocks have fallen -8.35% over the past one year. While a 52-week high of $24.55 was reached on 01/31/25, a 52-week low of $16.25 was recorded on 04/09/25. SMA at 50 days reached $19.34, while 200 days put it at $20.40.
Levels Of Support And Resistance For BEN Stock
The 24-hour chart illustrates a support level at 22.21, which if violated will result in even more drops to 22.05. On the upside, there is a resistance level at 22.48. A further resistance level may holdings at 22.58. The Relative Strength Index (RSI) on the 14-day chart is 78.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.82%. Stochastics %K at 98.88% indicates the stock is a selling.
