Market Update: Franklin Resources Inc (NYSE:BEN) – Franklin Universal Trust Declares Monthly Dividend

[Marketwired] – Franklin Universal Trust , a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.0395 per share, payable March 15, 2016, to shareholders of record on February … Read more on this. Franklin Resources, Inc. (BEN) , valued at $18.64B, opened this morning at $31.54. Today’s price range has been between $31.00 and $32.03 per share with the price of the stock fluctuating between $31.00 to $54.85 over the last 52 weeks. BEN shares are currently priced at 11.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.32x earnings multiple. And for income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 2.14%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.63 per share, which would be $0.35 worse than the year-ago quarter and a $0.12 sequential decrease. The full-year EPS estimate is $2.77 which would be a $0.52 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.66 Billion. If reported, that would be a 17.41% decrease over the year-ago quarter. In terms of ratings, Credit Suisse downgraded BEN from Neutral to Underperform (Jan 4, 2016). Previously, Deutsche Bank upgraded BEN from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $35.12, which is 11.35% above than it opened this morning. See more in (NYSE:BEN) Similar Articles: Company Update: Franklin Resources Inc (NYSE:BEN) – Franklin Limited Duration Income Trust Declares Monthly Dividend Company Update: Franklin Resources Inc (NYSE:BEN) – Franklin Universal Trust Declares Monthly Dividend Market Update: Franklin Resources Inc (NYSE:BEN) – Franklin Resources, Inc. Appoints Vijay C. Advani and Jennifer M. Johnson as Co-Presidents
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