Franklin Resources (NYSE:BEN – Get Free Report) issued its quarterly earnings data on Friday. The closed-end fund reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03, Zacks reports. Franklin Resources had a net margin of 5.48% and a return on equity of 9.62%.
Franklin Resources Price Performance
Shares of NYSE BEN traded up $1.85 during mid-day trading on Friday, reaching $22.00. The company had a trading volume of 8,043,915 shares, compared to its average volume of 3,900,614. The company has a 50-day moving average price of $20.85 and a two-hundred day moving average price of $21.01. The stock has a market cap of $11.52 billion, a PE ratio of 25.60, a P/E/G ratio of 1.35 and a beta of 1.41. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.92. Franklin Resources has a 1-year low of $18.83 and a 1-year high of $28.61.
Franklin Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.82%. This is an increase from Franklin Resources’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, December 30th. Franklin Resources’s dividend payout ratio is presently 148.84%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Franklin Resources
Franklin Resources Company Profile
Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.
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