Franklin Resources Inc. (NYSE:BEN) traded today at a new 52-week high of $37.91. So far today approximately 4 million shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.
Franklin Resources Inc. share prices have moved between a 52-week high of $37.91 and a 52-week low of $18.95 and are now trading 97% above that low price at $37.38 per share.
Franklin Resources Inc. (NYSE:BEN) is currently priced 44.7% above its average consensus analyst price target of $20.67.
Franklin Resources provides investment services for individual and institutional investors. At the end of June 2021, Franklin had $1.552 trillion in managed assets, composed primarily of equity (35%), fixed-income (42%), multi-asset/balanced (10%) funds, alternatives (9%) and money market funds. Distribution tends to be weighted more toward retail investors (53% of AUM) investors, as opposed to institutional (45%) 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 just over 25% of managed assets sourced from clients domiciled outside the United States.
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