Fintel reports that on May 6, 2026, Morgan Stanley upgraded their outlook for Franklin Resources (NYSE:BEN) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 12.53% Downside
As of April 28, 2026, the average one-year price target for Franklin Resources is $27.26/share. The forecasts range from a low of $21.21 to a high of $34.65. The average price target represents a decrease of 12.53% from its latest reported closing price of $31.16 / share.
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The projected annual revenue for Franklin Resources is 8,028MM, a decrease of 11.09%. The projected annual non-GAAP EPS is 2.85.
What is the Fund Sentiment?
There are 588 funds or institutions reporting positions in Franklin Resources. This is an decrease of 401 owner(s) or 40.55% in the last quarter. Average portfolio weight of all funds dedicated to BEN is 0.10%, an increase of 9.62%. Total shares owned by institutions decreased in the last three months by 4.53% to 281,340K shares. 
The put/call ratio of BEN is 0.37, indicating a bullish outlook.
What are Other Shareholders Doing?
Power Corp of Canada holds 31,557K shares representing 6.07% ownership of the company. No change in the last quarter.
Invesco holds 10,123K shares representing 1.95% ownership of the company. In its prior filing, the firm reported owning 9,354K shares , representing an increase of 7.59%. The firm decreased its portfolio allocation in BEN by 86.43% over the last quarter.
Geode Capital Management holds 8,069K shares representing 1.55% ownership of the company. In its prior filing, the firm reported owning 7,797K shares , representing an increase of 3.37%. The firm increased its portfolio allocation in BEN by 3.41% over the last quarter.
ProShare Advisors holds 6,556K shares representing 1.26% ownership of the company. In its prior filing, the firm reported owning 7,083K shares , representing a decrease of 8.04%. The firm decreased its portfolio allocation in BEN by 23.22% over the last quarter.
Citadel Advisors holds 6,280K shares representing 1.21% ownership of the company. In its prior filing, the firm reported owning 4,383K shares , representing an increase of 30.22%. The firm increased its portfolio allocation in BEN by 29.52% over the last quarter.
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