On Tuesday, analysts at BMO Capital Markets raised the earnings estimates through 2014 for investment management firm Franklin Resources, Inc. (BEN) due to better than expected cash flows in the quarter to date.
The analysts maintain a “Market Perform” rating on BEN and see shares reaching $154. This target suggests a 4% upside to Monday’s closing price of $147.96.
Franklin Resources shares were down a fraction during Tuesday morning trading. The stock is up +23.59% over the past twelve months.
The Bottom Line
Shares of Franklin Resources (BEN) have a dividend yield of 0.79% based on Tuesday’s intraday trading price of $147.73 and the company’s annualized dividend payout of $1.16 per share.
Franklin Resources, Inc. (BEN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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