Franklin Resources Inc. ($BEN) Stock Forecast: Down 3.1% Today

What is Franklin Resources Inc.?

Franklin Resources (BEN) is a global investment management organization known for its Franklin Templeton mutual funds. The stock had a bearish movement today.

Why is Franklin Resources Inc. going down?

BEN stock is down 3.1% on Dec 6, 2024 15:36

• The bearish movement in Franklin Resources (BEN) today could be due to profit-taking by investors after a recent 6.9% increase following the last earnings report.
• Investors might be concerned about future earnings estimates, leading to a sell-off in the stock.
• The market sentiment towards the investment management sector as a whole might have shifted, impacting Franklin Resources' stock price negatively.

BEN Price Chart

BEN Technical Analysis

BEN News

Why Is Franklin Resources ( BEN ) Up 6.9% Since Last Earnings Report?

Franklin Resources (BEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2379051/why-is-franklin-resources-ben-up-69-since-last-earnings-report

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Franklin Resources Inc. Price History

22.07.2024 - BEN Stock was down 7.2%

• An investigation by legal entities concerning potential breaches of federal securities laws by Franklin Resources, Inc. may have eroded investor confidence, triggering the bearish movement.
• The stock's dip to a 52-week low of $20.92 signals a pronounced downward trajectory in the company's performance, likely influenced by financial challenges.
• These developments hint at compliance and financial issues impacting BEN's stock adversely, leading to the observed bearish market activity today.

23.07.2024 - BEN Stock was up 5.5%

• Notwithstanding recent challenges, such as a notable 12.6% decline in stock value and ongoing investigations regarding potential breaches of federal securities laws, the market witnessed a robust bullish trend.
• It appears that investors interpreted the decline in stock value as a chance to buy, resulting in heightened demand and fueling the bullish momentum.
• The market movement could be a reflection of investors' focus on Franklin Resources, Inc.'s long-term potential rather than immediate regulatory issues.
• There seems to be a market sentiment that the repercussions of the SEC inquiry and organizational adjustments on Franklin Resources, Inc.'s overall performance might be contained, driving the uptick in stock value.

21.07.2024 - BEN Stock was down 8.1%

• Franklin Resources stock hitting a 52-week low at $20.92 indicates a lack of investor confidence in the company's performance.
• The bearish movement could be a result of overall market volatility and economic uncertainty impacting the investment management sector.
• The 52-week low suggests that investors may be concerned about Franklin Resources' ability to generate returns in the current market conditions.
• This downturn in stock price could prompt the company to reassess its strategies and communicate effectively with shareholders to regain trust and improve market sentiment.

06.11.2024 - BEN Stock was down 3.1%

• The bearish movement in Franklin Resources (BEN) today could be due to profit-taking by investors after a recent 6.9% increase following the last earnings report.
• Investors might be concerned about future earnings estimates, leading to a sell-off in the stock.
• The market sentiment towards the investment management sector as a whole might have shifted, impacting Franklin Resources' stock price negatively.

05.10.2024 - BEN Stock was up 6.3%

• Despite ongoing investigations and earnings misses, investors display optimism towards Franklin Resources, Inc. resulting in a bullish market movement.
• The growth in assets under management (AUM) and revenues, despite the earnings miss, is viewed positively by investors, contributing to the bullish trend.
• BEN's stock price remains resilient in the face of negative news, indicating an investor focus on the long-term potential and growth prospects of the company over short-term challenges.
• Investor sentiment suggests a willingness to look beyond current uncertainties and have confidence in the future performance of Franklin Resources, Inc.

04.10.2024 - BEN Stock was up 2.0%

• An ongoing investigation into potential securities claims on behalf of shareholders of Franklin Resources, Inc. may have initially caused uncertainty and volatility in the stock.
• As investors gained more clarity and confidence in the company's situation, leading to a positive market sentiment, the stock BEN saw a bullish movement.
• Estimates and projections for key metrics ahead of Franklin Resources' Q4 earnings might have indicated a positive outlook for the company, further boosting investor confidence and driving the stock price higher.
• The news of losses suffered by investors and the subsequent investigations could have initially led to a bearish trend, but as the market digested the information and potential outcomes, the stock rebounded with a bullish momentum.

13.01.2024 - BEN Stock was down 7.7%

• Franklin Resources experienced a boost in its AUM balance in January 2024 due to the acquisition of Putnam Investments, although it was partly offset by modest long-term net outflows. This could have contributed to the bearish movement in BEN's stock.
• Weak market conditions resulted in a decline in Cohen & Steers' AUM balance, which might have had a spillover effect on the overall sentiment towards investment management companies like Franklin Resources.
• The recognition of Franklin Resources' CFO for their role in a significant acquisition may not have directly influenced the bearish movement in BEN's stock, but it demonstrates the company's emphasis on strategic growth and expansion.
• A comprehensive industry comparison involving KKR & Co and its peers in the Capital Markets industry may have indirectly influenced the market sentiment towards investment management companies, including Franklin Resources.

13.01.2024 - BEN Stock was down 6.4%

• The bearish movement in the stock of BEN today could be attributed to the overall decline in assets under management (AUM) for the company in January.
• The decline in AUM for Franklin Resources Inc has negatively impacted investor sentiment and led to the bearish movement in the stock.
• Despite the strategic acquisition of Putnam Investments, the company experienced modest long-term net outflows, which may have contributed to the bearish market movement.
• The partnership announcements with Great-West Lifeco Inc, Power Corporation of Canada, and the acquisition of Putnam Investments did not have a significant positive impact on the stock's performance today.

13.05.2024 - BEN Stock was down 5.2%

• The increase in implied volatility for Franklin Resources (BEN) stock options may have triggered heightened selling pressure, contributing to the bearish movement.
• Although positive market conditions boosted Franklin's AUM balance in May, ongoing long-term net outflows may have caused investor concerns, leading to a sell-off.
• The growth in AUM for competitors like Victory Capital and Cohen & Steers amid favorable market conditions potentially diverted investor focus from Franklin Resources, resulting in a decline in its stock price.
• In summary, the confluence of increased volatility, net outflows, and competition from other asset management firms likely played a role in the bearish movement seen in Franklin Resources (BEN) stock today.

09.04.2024 - BEN Stock was up 3.9%

• Despite missing on earnings expectations in Q2 2024, Franklin Resources, Inc. witnessed a bullish movement, suggesting a shift in investor focus towards future growth prospects over immediate earnings.
• The recent approval of a spot Bitcoin ETF by the SEC and positive sentiments surrounding cryptocurrencies following the Bitcoin halving event may have contributed to enhanced investor confidence in the market, resulting in increased buying activity, including in BEN stocks.
• Investors could be prioritizing long-term portfolio diversification benefits over short-term earnings disappointments, potentially driving the upbeat performance of Franklin Resources, Inc. on the day.

13.05.2024 - BEN Stock was down 5.2%

• The stock of BEN experienced a strong bearish movement today despite the upbeat market performance.
• The increase in assets under management for CNS due to market appreciation did not translate into positive movement for BEN.
• The announcement of Franklin Templeton (BEN) planning to launch a new crypto fund might have caused uncertainty among investors, leading to the bearish movement.
• Investors might be concerned about BEN diversifying into cryptocurrencies and the potential risks associated with this new venture, impacting the stock negatively.

26.06.2024 - BEN Stock was down 1.4%

• Today's decline in BEN stock price could be linked to the third-quarter's underperformance in net income and operating income.
• A collaboration between Franklin Templeton and SBI Holdings to create a digital asset management company focusing on Bitcoin ETFs may have diverted investor focus from BEN stock, resulting in a sell-off.
• Investors might view the shift towards digital assets as a potential threat to traditional asset management firms like Franklin Resources, Inc., leading to a pessimistic outlook on the stock.
• The market's response to recent developments indicates investors' close monitoring of BEN's strategic decisions amid the changing landscape of digital assets and cryptocurrencies.