Analyst Downgrades – Franklin Resources (NYSE:BEN) Stock Gets Downgraded By Wells Fargo & Company from Outperform to Market Perform

ME Staff
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Analyst Ratings For Franklin Resources (NYSE:BEN)

Today, Franklin Resources (NYSE:BEN) stock was downgraded by Wells Fargo & Company from Outperform to Market Perform with a price target of $50.00.

There are 3 sell ratings, 6 hold ratings, 1 buy rating on the stock.

The current consensus rating on Franklin Resources (NYSE:BEN) is Hold (Score: 1.80) with a consensus target price of $42.56 per share, a potential 8.82% downside.

Some recent analyst ratings include

  • 7/24/2017-Wells Fargo & Company was Downgraded by analysts at Wells Fargo & Company from a “Outperform ” rating to a ” Market Perform” rating. They now have a $50.00 price target on the stock.
  • 7/14/2017-Jefferies Group LLC Reiterated Rating of Hold.
  • 7/10/2017-Morgan Stanley Reiterated Rating of Underweight.
  • 7/6/2017-Keefe, Bruyette & Woods Reiterated Rating of Hold.
  • 6/9/2017-Citigroup Inc. Reiterated Rating of Neutral .
  • 4/7/2017-Credit Suisse Group Reiterated Rating of Sell.

Dividend information for Franklin Resources (NYSE:BEN)

Franklin Resources (NYSE:BEN) pays an annual dividend of Community Ranking: with a yield of 1.71% and an average dividend growth of 34.90% based on a 3 Year Average.

Dividend History for Franklin Resources (NYSE:BEN)

  • On 6/14/2017 Franklin Resources announced a quarterly dividend of $0.20 1.8% with an ex dividend date of 6/28/2017 which will be payable on 7/14/2017.
  • On 2/15/2017 Franklin Resources announced a quarterly dividend of $0.20 1.89% with an ex dividend date of 3/29/2017 which will be payable on 4/13/2017.
  • On 12/14/2016 Franklin Resources announced a quarterly dividend of $0.20 2.04% with an ex dividend date of 12/28/2016 which will be payable on 1/13/2017.
  • On 9/6/2016 Franklin Resources announced a quarterly dividend of $0.18 1.97% with an ex dividend date of 9/28/2016 which will be payable on 10/14/2016.
  • On 6/14/2016 Franklin Resources announced a quarterly dividend of $0.18 2.18% with an ex dividend date of 6/28/2016 which will be payable on 7/15/2016.
  • On 2/17/2016 Franklin Resources announced a quarterly dividend of $0.18 2.11% with an ex dividend date of 3/29/2016 which will be payable on 4/15/2016.
  • On 12/15/2015 Franklin Resources announced a quarterly dividend of $0.18 1.99% with an ex dividend date of 12/24/2015 which will be payable on 1/13/2016.

Recent Insider Trading Activity For Franklin Resources (NYSE:BEN)
Franklin Resources (NYSE:BEN) has insider ownership of 21.60% and institutional ownership of 45.48%.

  • On 6/22/2017 Kenneth A Lewis, CFO, sold 17,141 with an average share price of $44.51 per share and the total transaction amounting to $762,945.91. View SEC Filing
  • On 3/16/2017 Jennifer M Johnson, Insider, sold 16,835 with an average share price of $43.90 per share and the total transaction amounting to $739,056.50. View SEC Filing
  • On 2/27/2017 Gregory E Johnson, Chairman, sold 25,000 with an average share price of $43.18 per share and the total transaction amounting to $1,079,500.00. View SEC Filing
  • On 12/16/2016 Kenneth A. Lewis, CFO, sold 1,866 with an average share price of $39.25 per share and the total transaction amounting to $73,240.50. View SEC Filing
  • On 12/8/2016 Kenneth A. Lewis, CFO, sold 4,230 with an average share price of $41.96 per share and the total transaction amounting to $177,490.80. View SEC Filing
  • On 11/1/2016 Rupert H Johnson Jr, Vice Chairman, sold 300,000 with an average share price of $33.65 per share and the total transaction amounting to $10,095,000.00. View SEC Filing
  • On 8/25/2016 Jennifer M Johnson, Insider, sold 15,892 with an average share price of $35.99 per share and the total transaction amounting to $571,953.08. View SEC Filing

Recent Trading Activity for Franklin Resources (NYSE:BEN)
Shares of Franklin Resources closed the previous trading session at 46.67 0.00 -0.01% with 1,072,065 shares trading hands.