Franklin Resources (NYSE:BEN) has received a consensus “Reduce” rating from eleven brokerages, with an average 1-year price target of $25.89, which is below its recent stock price of approximately $27.04. The company declared a quarterly dividend of $0.33, resulting in an annualized yield of 4.9% but raising concerns due to a 122.2% payout ratio. While Franklin Resources beat EPS estimates with $0.70, its revenue of $1.75 billion missed the consensus of $2.23 billion, despite being up 3.4% year-over-year.
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Franklin Resources, Inc. (NYSE:BEN) Given Consensus Rating of "Reduce" by Brokerages
Franklin Resources (NYSE:BEN) has received a consensus “Reduce” rating from eleven brokerages, with an average 1-year price target of $25.89, which is below its recent stock price of approximately $27.04. The company declared a quarterly dividend of $0.33, resulting in an annualized yield of 4.9% but raising concerns due to a 122.2% payout ratio. While Franklin Resources beat EPS estimates with $0.70, its revenue of $1.75 billion missed the consensus of $2.23 billion, despite being up 3.4% year-over-year.