Company Update (NYSE:BEN): Franklin Resources, Inc. Announces Month-End Assets Under Management

[Marketwired] – Franklin Resources, Inc. today reported preliminary month-end assets under management by the company’s subsidiaries of $763.9 billion at December 31, 2015, compared to $790.0 billion at November 30, 2015, … Read more on this. Franklin Resources, Inc. (BEN) , with a current value of $20.15B, started trading this morning at $33.66. Looking at today’s market, BEN one day range is $32.96 to $34.00 with the price of the stock fluctuating between $32.96 to $54.85 over the last 52 weeks. Franklin Resources (BEN) shares are currently priced at 11.18x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.74x earnings multiple for the same period. The company pays shareholders $0.72 per share annually in dividends, yielding 1.96%. According to a consensus of 17 analysts, the earnings estimate of $0.76 per share would be $0.15 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.01, which would be a $0.28 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.77 Billion. If realized, that would be a 14.08% 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. Investors should keep in mind is that the average price target is $40.06, which is 19.01% above where the stock opened this morning. See more in (NYSE:BEN) Similar Articles: Company Update: Franklin Resources Inc (NYSE:BEN) – CORRECTION – Franklin Resources, Inc. Announces Month-End Assets Under Management Stock Update: Franklin Resources Inc (NYSE:BEN) – Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results Market Update: Franklin Resources Inc (NYSE:BEN) – Franklin Resources, Inc. Appoints Vijay C. Advani and Jennifer M. Johnson as Co-Presidents