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Research analysts at Susquehanna raised their price target on shares of Franklin Resources (NYSE:BEN) from $57.00 to $59.00 in a report released on Thursday. Susquehanna’s price target suggests a potential upside of 3.87% from the company’s current price.

A number of other firms have also recently commented on BEN. Analysts at JPMorgan Chase & Co. raised their price target on shares of Franklin Resources from $58.00 to $61.00 in a research note on Tuesday, July 1st. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Franklin Resources from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 18th. They now have a $63.00 price target on the stock, up previously from $53.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Franklin Resources in a research note on Monday, June 16th. They now have a $59.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $73.25.

Shares of Franklin Resources (NYSE:BEN) traded down 1.29% during mid-day trading on Thursday, hitting $56.80. 1,366,421 shares of the company’s stock traded hands. Franklin Resources has a 52 week low of $45.06 and a 52 week high of $58.87. The stock’s 50-day moving average is $56.61 and its 200-day moving average is $54.56. The company has a market cap of $35.653 billion and a P/E ratio of 16.40.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $3.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Stockholders of record on Monday, June 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, June 26th.

Franklin Resources, Inc (NYSE:BEN) is a holding company.

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