Franklin Resources INC (BEN) Shares Declined While Price Michael F Decreased Its Stake

April 20, 2018 - By Sarah North

Franklin Resources, Inc. (NYSE:BEN) Corporate LogoBig Money Sentiment increased to 0.85 in 2017 Q4. It has change of 0.01, from 2017Q3’s 0.84. The ratio improved due to BEN positioning: 34 sold and 195 reduced. 61 funds acquired positions and 133 increased positions. Investors holded 240.11 million in 2017Q3 but now own 247.49 million shares or 3.08% more. Prospector Partners Ltd Limited Liability Company invested 0.39% in Franklin Resources, Inc. (NYSE:BEN). Mitsubishi Ufj Trust & Bk Corp invested in 0.05% or 677,132 shs. Gallagher Fiduciary Advsr Limited Liability Company accumulated 15.16% or 1.83 million shs. Parallax Volatility Advisers Limited Partnership invested in 45,318 shs. Proshare Advisors Limited Liability Co holds 1.59 million shs. Quantbot Ltd Partnership owns 24,078 shs. Royal Financial Bank Of Canada holds 0% in Franklin Resources, Inc. (NYSE:BEN) or 236,991 shs. Guardian Life Insurance Of America, New York-based fund reported 1,064 shs. Millennium Management Ltd Liability holds 0.08% or 1.34M shs. Fmr Ltd Liability Corporation has invested 0.02% of its capital in Franklin Resources, Inc. (NYSE:BEN). Greenleaf Tru reported 712 shs. Cibc Ww Markets reported 10,876 shs. 744 were reported by Clearbridge Limited Liability Company. California-based First Republic Investment Mngmt has invested 0.04% in Franklin Resources, Inc. (NYSE:BEN). Cwm Limited Liability has 1.16% invested in Franklin Resources, Inc. (NYSE:BEN) for 603,501 shs.

BEN registered $4.61 million net activity with 0 insider buys and 2 selling transactions since October 30, 2017.

Based on the latest 2017Q4 regulatory filing with the SEC, Michael Price decreased its stake in Franklin Resources Inc. (BEN) by 31.31%. The company’s stock sank 14.35% while Price Michael F sold 108,800 shares. At the end of 2017Q4, the hedge fund run by Michael Price held 238,730 shares of the finance company, valued at $10.34 million, down from 347,530 at the end of the previous reported quarter. $18.51 billion is Franklin Resources Inc.’s MC. The stock increased 0.35% or $0.12 during the last trading session, reaching $34.17.Currently Franklin Resources, Inc. is downtrending after 8.47% change in last April 20, 2017. BEN has 3.47 million shares volume. The stock underperformed the S&P 500 by 20.02%.

For a total of 853,600 shares it increased its holding in Carter Bank & Trust (CARE) by 750,000 shares in the quarter, and has risen its stake in Time Warner Inc. (NYSE:TWX).

On April, 26 before the open. Investors expect Franklin Resources, Inc. (NYSE:BEN) to reveal its quarterly earnings, as reported by RTT. Analysts forecast $0.75 earnings per share, which is $0.01 up or 1.35 % from 2017’s $0.74 earnings per share. BEN’s profit could hit $406.28M if the current earnings per share of $0.75 is accurate. Last quarter $0.88 earnings per share was reported. Analysts sees -14.77 % negative EPS growth this quarter.

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

In total 9 analysts cover Franklin Resources (NYSE:BEN). “Buy” rating has 0, “Sell” are 2, while 7 are “Hold”. (NYSE:BEN) has 0 bullish analysts. With $48 highest and $3400 lowest Target, Franklin Resources has $39.22 average Target or 14.78% above the current ($34.17) price. 13 are the (NYSE:BEN)’s ratings reports on Apr 20, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 10. On Thursday, December 21 the firm has “Hold” rating given by Keefe Bruyette & Woods. On Tuesday, March 6 Deutsche Bank maintained the shares of BEN in report with “Hold” rating. The stock rating was upgraded by Credit Suisse to “Hold” on Thursday, January 11. The stock rating was downgraded by Bank of America to “Hold” on Monday, April 9. In Friday, October 27 report Wells Fargo maintained it with “Market Perform” rating and $48 target. On Friday, April 6 the firm has “Hold” rating by Deutsche Bank given. On Thursday, April 5 the stock of Franklin Resources, Inc. (NYSE:BEN) has “Sell” rating given by Credit Suisse. On Wednesday, January 10 the stock has “Hold” rating by Jefferies. The company rating was maintained by UBS on Friday, October 27.

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

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