Stock Update (NYSE:BEN): Fiduciary Trust Company International Names Gail Cohen as Chair, Lawrence Sternkopf as President

[Marketwired] – Fiduciary Trust Company International , a leading wealth management firm and wholly-owned subsidiary of Franklin Resources, Inc., today announced the following organizational changes effective January … Read more on this. Franklin Resources, Inc. (BEN) , valued at $21.17B, began trading this morning at $35.45. During today’s session, BEN traded between $34.95 to $35.65 and has traded between $34.62 and $54.85 over the past year. Franklin Resources (BEN) shares are currently priced at 11.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.74x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.72 per share annually in dividends, yielding 1.96%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.76 per share, which would be $0.15 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $3.03 which would be a $0.26 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.78 Billion. If reported, that would be a 13.59% decrease over the year-ago quarter. Recently, Credit Suisse downgraded BEN from Neutral to Underperform (Jan 4, 2016). Previously, Deutsche Bank upgraded BEN from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $40.65, which is 14.67% above where the stock opened this morning. See more in (NYSE:BEN) Similar Articles: Stock Update: AFLAC Inc (NYSE:AFL) – Aflac Names Gail A. Galuppo as Senior Vice President; Chief Marketing Officer Company Update: Franklin Resources Inc (NYSE:BEN) – Franklin Universal Trust Declares Monthly Dividend Stock Update (NYSE:BEN): Franklin Limited Duration Income Trust Declares Monthly Dividend