Franklin Resources Stock: Is Wall Street Bullish or Bearish?

Franklin Resources, Inc. (BEN), with a market cap of $11.5 billion, is a prominent global investment management firm headquartered in San Mateo, California. The company primarily earns revenue and net income through its investment management services, catering to retail mutual funds, institutional and private accounts, and other investment products under its renowned brands, including Franklin, Templeton, and Legg Mason. 

Shares of the leading asset management company have underperformed the broader market considerably over the past year, touching its 52-week low of $21.45 on Aug. 2. BEN has declined 22.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.5%. In 2024 alone, Franklin Resources stock dropped 26.6%, while $SPX rose 12.1% on a YTD basis.