BEN Similar Chart Price Prediction
The price of BEN is predicted to go up 6.59%, based on the high correlation periods with MKTX. The similarity of these two price pattern on the periods is 91.16%.
BEN
MKTX
Up: 6.59%Similarity: 91.16%
BEN Revenue Forecast
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BEN VS S&P500
Franklin is one of the 20 largest US-based asset managers, with just over 70% of its AUM sourced from domestic clients. It is the fifth-largest global manager of cross-border funds.
The purchase of Legg Mason lifted Franklin's AUM closer to $1.5 trillion, hoisting it into the second-largest tier of US-based asset managers, which includes firms like Pimco, Capital Group, and J.P. Morgan Asset Management.
Franklin maintains thousands of active financial advisor relationships worldwide and has close to 1,000 institutional client relationships.
BEN Analyst's Forecast
Benjamin Budish
Barclays
Sell
Price Target
$21 → $19
Upside
-3.09%
Barclays lowered the firm's price target on Franklin Resources to $19 from $21 and keeps an Underweight rating on the shares as part of a Q4 preview for the brokers, asset managers and exchanges. The firm updated its asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market performance across the quarter, the analyst tells investors in a research note.
Michael Cyprys
Morgan Stanley
Sell
Price Target
$18 → $19
Upside
-7.74%
Benjamin Budish
Barclays
Sell
Price Target
$19 → $21
Upside
-5.79%