Franklin Resources Inc. (NYSE:BEN) traded at a new 52-week high today of $35.94. So far today approximately 428,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.
Franklin Resources provides investment services for individual and institutional investors. At the end of March 2021, Franklin had $1.499 trillion in managed assets, composed primarily of equity (33%), fixed-income (45%), multi-asset/balanced (9%) funds, alternatives (9%) and money market funds. Distribution tends to be weighted more toward retail investors (52% of AUM) investors, as opposed to institutional (46%) 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 close to 25% of managed assets sourced from clients domiciled outside the United States.
Franklin Resources Inc. (NYSE:BEN) defies analysts with a current price ($35.61) 25.4% above its average consensus price target of $26.55.
In the past 52 weeks, Franklin Resources Inc. share prices are bracketed by a low of $17.97 and a high of $35.94 and is now at $35.61, 98% above that low price.
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