[Marketwired] – Franklin Limited Duration Income Trust , a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.062 per share, payable September 15, 2014, to shareholders …
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Franklin Resources Inc. (BEN), valued at $34.26B, started trading this morning at $55.05.
Today’s price range has been between $54.21 and $55.08 per share with a one year range of $45.06 to $58.87.
BEN shares are currently priced at 14.58x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.54x forward p/e ratio.
And for income investors, the company pays shareholders $0.48 per share annually in dividends, yielding 0.80%.
According to a consensus of 17 analysts, the earnings estimate of $0.96 per share would be $0.16 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.73, which would be a $0.36 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.20 Billion. If realized, that would be a 11.11% increase over the year-ago quarter.
Recently, UBS downgraded BEN from Buy to Neutral (Jul 1, 2014). Previously, Deutsche Bank Initiated BEN at to Hold.
Given all the information above, we should disclose to readers that the average price target is $60.35, which is 9.63% above than it opened this morning.
Summary (NYSE:BEN) : Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The firm also launches equity, fixed income, and balanced mutual funds. It launches hedge funds and provides retirement plans to its clients through its subsidiaries. The firm invests in the public equity and fixed income markets across the globe through its subsidiaries. Franklin Resources, Inc was founded in 1947 and is based in San Mateo, California with additional offices in Edinburgh, United Kingdom, Fort Lauderdale, Florida, St. Petersburg, Florida, Hong Kong, China, Melbourne, Australia, Sydney, Australia, Nassau, Bahamas, New York City, Paris, France, Rancho Cordova, California, and Toronto, Ontario.
Tag Helper ~ Stock Code: BEN | Common Company name: Franklin Resources | Full Company name: Franklin Resources Inc (NYSE:BEN) .