Franklin Resources Inc Q1 2018 Big Money Sentiment Better Than Expected: at 0.82

June 27, 2018 - By Mary Bollinger

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

Franklin Resources Inc’s Sentiment

“Big money sentiment for Franklin Resources Inc (NYSE:BEN) in 2018 Q1 decreased to 0.82, according to SEC filings. That’s down -0.03, from 2017Q4’s 0.85. 191 funds increased and opened new positions, while 232 sold and reduced positions in Franklin Resources Inc so the sentiment has worsened. These funds own 244.47 million shares, that’s down from 247.49 million shares in 2017Q4. Funds holding Franklin Resources Inc in top 10 decreased from 8 to 5 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.

Significant Franklin Resources Inc Shareholders

Hamel Associates Inc. owns 63,275 shares in Franklin Resources Inc as of 2018 Q1. Franklin Resources Inc’s shareholder Gallagher Fiduciary Advisors Llc owns 1.92 million shares as of 2018 Q1. Abrams Capital Management L.P. reported 7.95 million shares. The United Kingdom-based fund Kiltearn Partners Llp have invested about 6.03% of the fund’s stock portfolio in Franklin Resources Inc. The Michigan-based fund Rk Asset Management Llc holds 153,130 shares or 5.27% of their US equity exposure.

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.26.91 is the P/E ratio. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

BEN is reaching $32.62 during the last trading session, after increased 0.49%.Currently Franklin Resources, Inc. is downtrending after 11.32% change in last June 27, 2017. BEN has 1.92M shares volume. BEN underperformed by 23.89% the S&P500.

Franklin Resources, Inc. (NYSE:BEN)’s earnings report is awaited on July, 27., as reported by Faxor. Analysts forecast 4.11 % diference or $0.76 from the $0.73 EPS from 2017. In case of $0.76 EPS BEN’s profit could reach $410.57 million. -2.56 % negative EPS growth is what analysts predict. $0.78 EPS was revealed for previous quarter.

Stone Ridge Asset Mgmt holds 0.04% of its capital in Franklin Resources, Inc. (NYSE:BEN) for 19,726 shs. Silvercrest Asset Management Grp Lc accumulated 15,799 shs or 0.01% of the stock. Creative Planning has 12,075 shs for 0% of their capital. Janney Montgomery Scott Limited Liability invested in 0.02% or 62,928 shs. Quantitative Systematic Strategies Ltd Limited Liability Company reported 46,965 shs or 0.35% of all its holdings. California-based Reilly Finance Advsr Limited Liability has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Webster Commercial Bank N A invested in 0% or 336 shs. Citigroup Incorporated accumulated 698,536 shs or 0.02% of the stock. Denali Advisors Ltd Liability reported 261,543 shs stake. San Francisco Sentry Inv Group Incorporated (Ca), a California-based fund reported 269 shs. Osborne Prtn Cap Limited Liability Company has invested 0.16% in Franklin Resources, Inc. (NYSE:BEN). State Common Retirement Fund stated it has 1.34 million shs. Guggenheim Capital Ltd Liability Corporation reported 0.08% stake. Cornerstone Advsr Inc stated it has 0.02% in Franklin Resources, Inc. (NYSE:BEN). Nordea Investment Mngmt Ab reported 1.74M shs.

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

Total analysts of 7 have positions in Franklin Resources (NYSE:BEN) as follows: 0 rated it a “Buy”, 3 with “Sell” and 4 with “Hold”. The positive are 0. Since January 10, 2018 according to StockzIntelligence Inc Franklin Resources has 10 analyst reports. On Thursday, April 5 the stock has “Sell” rating by Credit Suisse. The stock rating was maintained by Morgan Stanley with “Underweight” on Tuesday, April 10. On Wednesday, January 10 Jefferies maintained Franklin Resources, Inc. (NYSE:BEN) with “Hold” rating. On Monday, April 9 the firm has “Hold” rating by Bank of America given. The company rating was maintained by Deutsche Bank on Friday, April 6. In Tuesday, March 6 report Deutsche Bank maintained it with “Hold” rating and $37 target. On Wednesday, April 11 Jefferies maintained Franklin Resources, Inc. (NYSE:BEN) rating. Jefferies has “Hold” rating and $3600 target. On Thursday, January 11 the stock of Franklin Resources, Inc. (NYSE:BEN) earned “Hold” rating by Credit Suisse. On Monday, April 23 Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) rating. Barclays Capital has “Underweight” rating and $32 target. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 10.

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

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

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