Key Takeaways:
- Franklin Resources (BEN, Financial) reported a decline in AUM to $1.53 trillion.
- Analysts project a potential 17.27% upside in stock price.
- The consensus recommendation for BEN remains "Hold."
Franklin Resources Inc. (BEN) recently announced its preliminary assets under management (AUM) stood at $1.53 trillion as of March 31, representing a decrease from $1.57 trillion in February. This change was primarily due to unfavorable market conditions and net outflows amounting to $4 billion. Despite these challenges, the company's shares experienced a modest increase, rising 0.17% to $17.98 in post-market trading.
Analyst Price Predictions
According to the forecasts from 10 Wall Street analysts, the average one-year price target for Franklin Resources Inc. (BEN, Financial) is $21.05. This projection includes a high estimate of $24.00 and a low estimate of $18.00, suggesting a potential upside of 17.27% from the current price of $17.95. For a more granular view of these projections, investors are encouraged to visit the Franklin Resources Inc (BEN) Forecast page.
Consensus Recommendations
The average brokerage recommendation for Franklin Resources sits at 3.3, indicating a "Hold" status. This rating is derived from insights provided by 12 brokerage firms and falls on a scale where 1 indicates a Strong Buy and 5 signifies a Sell.
Valuation Insights Using GF Value
According to GuruFocus, the estimated GF Value for Franklin Resources Inc (BEN, Financial) in the coming year is $19.75. This valuation suggests a potential upside of 10.03% from the current price of $17.95. The GF Value is a benchmark calculated through historical trading multiples, analyzing past business growth, and considering future performance estimates. For further details, you can explore the Franklin Resources Inc (BEN) Summary page.
