Franklin Resources Inc. (BEN) Dips 4.05% for February 25

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday February 25 was Franklin Resources Inc. (BEN). The stock experienced a 4.05% decline to $26.80 with 3.48 million shares changing hands.

Franklin Resources Inc. started at an opening price of 28.11 and hit a high of $28.28 and a low of $26.69. Ultimately, the stock took a hit and finished the day at $1.13 per share. Franklin Resources Inc. trades an average of n/a shares a day out of a total 505.4 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Franklin Resources Inc. hit a high of $28.60 and a low of $14.91 over the last year.

Franklin Resources provides investment services for individual and institutional investors. At the end of December 2020, Franklin had $1.498 trillion in managed assets, composed primarily of equity (33%), fixed-income (45%), multi-asset/balanced (10%) funds, alternatives (9%) and money market funds. Distribution tends to be weighted more toward retail investors (51% of AUM) investors, as opposed to institutional (47%) 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 40% of its AUM invested in global/international strategies and close to 30% of managed assets sourced from clients domiciled outside the United States.

With its headquarters located in San Mateo, CA, Franklin Resources Inc. employs 11,400 people. After today’s trading, the company’s market cap has fallen to $13.54 billion, a P/S of n/a, a P/B of 1.3, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Franklin Resources Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: BEN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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