Franklin Resources Inc (NYSE:BEN) Quarterly Sentiment Change Reported at 0.82

June 27, 2018 - By Marcos Kline

Franklin Resources, Inc. (NYSE:BEN) Corporate Logo

Franklin Resources Inc’s Sentiment

In 2018 Q1 Franklin Resources Inc (NYSE:BEN) big money sentiment decreased to 0.82, according to SEC filings. That’s down -0.03, from 2017Q4’s 0.85. 191 investment professionals increased and started new equity positions, while 232 trimmed and sold holdings in Franklin Resources Inc so the sentiment dived. Funds own 244.47 million shares, down from 247.49 million shares in 2017Q4. Funds holding Franklin Resources Inc in top 10 changed to 5 from 8 for a decrease of 3. In total 56 funds closed positions, 176 reduced and 139 increased. Also 52 funds bought new Franklin Resources Inc stakes.

Most Franklin Resources Inc Shareholders

Hamel Associates Inc. owns 63,275 shares in Franklin Resources Inc as of 2018 Q1. As of 2018 Q1, 1.92 million shares of Franklin Resources Inc are owned by Gallagher Fiduciary Advisors Llc. In addition, Abrams Capital Management L.P. reported 7.95 million shares in Franklin Resources Inc equivalent to 8.64% of its stocks portfolio. Kiltearn Partners Llp revealed 7.28 million shares position in Franklin Resources Inc. The Michigan-based fund Rk Asset Management Llc looks positive on Franklin Resources Inc, owning 153,130 shares.

Franklin Resources, Inc. is a publicly owned asset management holding company.The firm is valued at $17.62 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.The P/E ratio is 26.91. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

Ticker’s shares touched $32.62 during the last trading session after 0.49% change.Currently Franklin Resources, Inc. is downtrending after 11.32% change in last June 27, 2017. BEN has 1.92 million shares volume. BEN underperformed the S&P 500 by 23.89%.

Investors wait Franklin Resources, Inc. (NYSE:BEN)’s quarterly earnings on July, 27., according to Zacks. Analysts expect change of 4.11 % or $0.03 from previous year’s $0.73 EPS compared to current’s $0.76 EPS. If the current EPS of $0.76 is accurate, BEN’s profit could reach $410.57 million. Wall Street now sees -2.56 % negative EPS growth despite Franklin Resources, Inc. previous quarter’s EPS of $0.78.

Polaris Greystone Financial Gp Limited invested in 0.02% or 6,204 shs. Moreover, Sprott has 2.12% invested in Franklin Resources, Inc. (NYSE:BEN). Planning Advsrs Limited Liability Company has invested 0.39% in Franklin Resources, Inc. (NYSE:BEN). First Midwest Bancshares Division stated it has 10,810 shs. Highfields Cap Management L P holds 2.22% in Franklin Resources, Inc. (NYSE:BEN) or 7.08 million shs. Old Mutual Global (Uk) owns 37,389 shs or 0.01% of their US capital. Qs Investors Ltd Limited Liability Company reported 116,634 shs or 0.04% of all its holdings. Natixis has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Invesco Ltd accumulated 882,931 shs or 0.01% of the stock. Utd Advisers Ltd invested 0.04% of its capital in Franklin Resources, Inc. (NYSE:BEN). Stratos Wealth Prns Ltd accumulated 61,081 shs. Fny Managed Accounts Ltd Liability Company invested in 160 shs or 0.01% of the stock. Korea Invest accumulated 0.02% or 106,588 shs. Greenwich Wealth Management Limited Company invested 0.18% in Franklin Resources, Inc. (NYSE:BEN). Apg Asset Management Nv stated it has 0.21% of its capital in Franklin Resources, Inc. (NYSE:BEN).

Franklin Resources, Inc. (NYSE:BEN) Ratings Coverage

In total 7 analysts cover Franklin Resources (NYSE:BEN). “Buy” rating has 0, “Sell” are 3, while 4 are “Hold”. (NYSE:BEN) has 0 bullish analysts. 10 are the (NYSE:BEN)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Friday, April 6 the firm has “Hold” rating by Deutsche Bank given. The stock rating was upgraded by Credit Suisse to “Hold” on Thursday, January 11. The stock rating was maintained by Credit Suisse with “Sell” on Thursday, April 5. On Wednesday, April 11 the firm has “Hold” rating given by Jefferies. On Tuesday, April 10 the firm has “Underweight” rating given by Morgan Stanley. On Tuesday, April 10 Keefe Bruyette & Woods maintained Franklin Resources, Inc. (NYSE:BEN) rating. Keefe Bruyette & Woods has “Hold” rating and $3700 target. On Monday, April 9 the firm earned “Hold” rating by Bank of America. The stock rating was maintained by Deutsche Bank with “Hold” on Tuesday, March 6. On Wednesday, January 10 Jefferies maintained the shares of BEN in report with “Hold” rating. On Monday, April 23 the rating was maintained by Barclays Capital with “Underweight”.

More recent Franklin Resources, Inc. (NYSE:BEN) news were published by Globenewswire.com, Globenewswire.com and Seekingalpha.com. The first one has “Franklin Resources, Inc. Announces Month-End Assets Under Management” as a title and was published on June 11, 2018. The next is “Franklin Templeton Lists Three New Fixed Income Active ETFs” on June 04, 2018. And last was published on June 12, 2018, called “Trading Mistake 10 – Keep It Simple, Stupid”.

Franklin Resources, Inc. (NYSE:BEN) Institutional Investors Chart

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