0.82 is Franklin Resources Inc’s (NYSE:BEN) Big Money Sentiment

June 27, 2018 - By Sarah Holford

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.gov filings. That’s down -0.03, from 2017Q4’s 0.85. 191 institutional investors increased or opened new stock positions, while 232 decreased and sold stock 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.

Biggest Franklin Resources Inc Investors

As of 2018 Q1 Hamel Associates Inc. has 85.88% invested in Franklin Resources Inc. As of 2018 Q1, 1.92 million shares of Franklin Resources Inc are owned by Gallagher Fiduciary Advisors Llc. 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 investment professional’s stock portfolio in Franklin Resources Inc. The Michigan-based fund Rk Asset Management Llc holds 153,130 shares or 5.27% of their stock exposure.

Franklin Resources, Inc. is a publicly owned asset management holding company.The firm is worth $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.

The stock increased 0.49% or $0.16 during the last trading session, hitting $32.62.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&P 500.

On July, 27 WallStreet awaited Franklin Resources, Inc. (NYSE:BEN)’s earnings report, as reported by RTT. Analysts forecast $0.76 earnings per share. That’s $0.03 up or 4.11 % from 2017’s earnings of $0.73. If $0.76 is reported, BEN’s profit will hit $410.57 million for 10.73 P/E. Last quarter $0.78 earnings per share was reported. Analysts predicts -2.56 % negative EPS growth this quarter.

Ashfield Llc reported 48,120 shs or 0.22% of all its holdings. Polaris Mngmt Ltd Liability Corp reported 1.37 million shs. City Holdg Co holds 0% or 299 shs. Abrams Cap Limited Partnership holds 8.64% of its capital in Franklin Resources, Inc. (NYSE:BEN) for 7.95 million shs. Asset Mgmt One Ltd stated it has 0.04% in Franklin Resources, Inc. (NYSE:BEN). Contravisory Inv Mgmt Inc holds 0.01% or 418 shs in its capital. Bridgewater Associates Limited Partnership reported 0.18% in Franklin Resources, Inc. (NYSE:BEN). Voya Mgmt Limited Liability Co stated it has 117,795 shs. Ubs Asset Mgmt Americas Inc has invested 0% in Franklin Resources, Inc. (NYSE:BEN). The Pennsylvania-based Pnc Fin Svcs Incorporated has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). Deutsche Bancorporation Ag stated it has 0.02% in Franklin Resources, Inc. (NYSE:BEN). Jane Street Gp Ltd Liability Com stated it has 55,082 shs or 0% of all its holdings. Bnp Paribas Arbitrage accumulated 641,847 shs. New York-based Alpine Woods Capital Ltd Liability Corp has invested 0.78% in Franklin Resources, Inc. (NYSE:BEN). Illinois-based Chicago Equity Prns Ltd Liability has invested 0.01% 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”. 0 are bullish. 10 are the (NYSE:BEN)’s analyst reports since January 10, 2018 according to StockzIntelligence Inc. On Wednesday, January 10 the company was maintained by Jefferies. On Tuesday, March 6 the stock has “Hold” rating by Deutsche Bank. On Thursday, April 5 the stock has “Sell” rating by Credit Suisse. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 10. On Monday, April 9 Bank of America downgraded Franklin Resources, Inc. (NYSE:BEN) to “Hold” rating. On Tuesday, April 10 the firm has “Underweight” rating by Morgan Stanley given. In Friday, April 6 report Deutsche Bank maintained the stock with “Hold” rating. 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 has “Hold” rating by Credit Suisse. On Monday, April 23 the firm has “Underweight” rating by Barclays Capital given.

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