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Should You Buy Franklin Resources, Inc. (BEN) Stock on Tuesday?

Tuesday, January 31, 2023 03:09 PM | InvestorsObserver Analysts

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Should You Buy Franklin Resources, Inc. (BEN) Stock on Tuesday?

Franklin Resources, Inc. (BEN) stock has risen 4.01% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Franklin Resources, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BEN!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BEN Stock Today?

Franklin Resources, Inc. (BEN) stock is lower by -0.38% while the S&P 500 has gained 1% as of 3:08 PM on Tuesday, Jan 31. BEN is lower by -$0.12 from the previous closing price of $31.25 on volume of 3,686,721 shares. Over the past year the S&P 500 has fallen -10.13% while BEN is lower by -2.63%. BEN earned $1.97 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.83.

More About Franklin Resources, Inc.

Franklin Resources provides investment services for individual and institutional investors. At the end of September 2022, Franklin had $1.297 trillion in managed assets, composed primarily of equity (30%), fixed-income (38%), multi-asset/balanced (10%) funds, alternatives (18%) and money market funds (4%). Distribution tends to be weighted more toward retail investors (49% of AUM) investors, as opposed to institutional (49%) and high-net-worth (2%) clients. Franklin is also one of the more global firms of the U.S.-based asset managers we cover, with more than 35% of its AUM invested in global/international strategies and 25% of managed assets sourced from clients domiciled outside the United States. Click Here to get the full Stock Report for Franklin Resources, Inc. stock.

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