Ownership Action to Note: Franklin Resources Inc (NYSE:BEN) Institutional Investors Sentiment Index Dropped in 2016 Q2

November 25, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action to Note: Franklin Resources Inc (NYSE:BEN) Institutional Investors Sentiment Index  Dropped in  2016 Q2

Sentiment for Franklin Resources Inc (NYSE:BEN)

Franklin Resources Inc (NYSE:BEN) institutional sentiment decreased to 0.73 in Q2 2016. Its down -0.07, from 0.8 in 2016Q1. The ratio has dropped, as 196 investment managers started new and increased equity positions, while 244 reduced and sold their holdings in Franklin Resources Inc. The investment managers in our partner’s database now own: 275.30 million shares, down from 298.13 million shares in 2016Q1. Also, the number of investment managers holding Franklin Resources Inc in their top 10 equity positions decreased from 12 to 9 for a decrease of 3. Sold All: 64 Reduced: 180 Increased: 154 New Position: 42.

Franklin Resources, Inc. , is a holding company. The company has a market cap of $22.37 billion. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It has a 13.33 P/E ratio. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts.

About 361,133 shares traded hands. Franklin Resources, Inc. (NYSE:BEN) has declined 3.44% since April 22, 2016 and is downtrending. It has underperformed by 8.85% the S&P500.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on February, 1. They expect $0.68 earnings per share, down 8.11% or $0.06 from last year’s $0.74 per share. BEN’s profit will be $387.85 million for 14.42 P/E if the $0.68 EPS becomes a reality. After $0.82 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -17.07% negative EPS growth.

According to Zacks Investment Research, “Franklin Resources provides investment advisory and related services to retail mutual funds, institutional and private accounts, and other investment products globally. Related services include transfer agency, fund administration, custodial, trustee and fiduciary services. The mutual funds and other products that it advise are sold to the public under three brand names: Franklin, Templeton, and Mutual Series.”

Gallagher Fiduciary Advisors Llc holds 24.63% of its portfolio in Franklin Resources, Inc. for 2.12 million shares. Abrams Capital Management L.P. owns 7.95 million shares or 13.85% of their US portfolio. Moreover, Kiltearn Partners Llp has 7.07% invested in the company for 4.70 million shares. The Michigan-based Rk Asset Management Llc has invested 5.63% in the stock. Academy Capital Management Inc Tx, a Texas-based fund reported 604,368 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $10.85 million net activity.

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

Ratings analysis reveals 0 of Franklin Resources Inc.’s analysts are positive. Out of 14 Wall Street analysts rating Franklin Resources Inc., 0 give it “Buy”, 4 “Sell” rating, while 10 recommend “Hold”. The lowest target is $1 while the high is $58. The stock’s average target of $35.50 is -9.48% below today’s ($39.22) share price. BEN was included in 67 notes of analysts from July 31, 2015. Jefferies maintained it with “Hold” rating and $34 target price in Monday, July 11 report. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) on Monday, August 17 with “Hold” rating. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Underperform” rating given on Tuesday, March 15 by Bank of America. Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, February 4 with “Underweight” rating. RBC Capital Markets maintained Franklin Resources, Inc. (NYSE:BEN) rating on Thursday, February 4. RBC Capital Markets has “Sector Perform” rating and $38 price target. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Market Perform” rating given on Thursday, September 3 by Wood. As per Thursday, April 7, the company rating was maintained by JP Morgan. On Tuesday, January 26 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Barclays Capital with “Underweight” on Thursday, June 9. The rating was maintained by Barclays Capital on Wednesday, March 9 with “Underweight”.

BEN Company Profile

Franklin Resources, Inc. (Franklin), incorporated on November 28, 1969, is a holding company. Franklin together with its various subsidiaries (collectively, the Company) is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. The Company’s investment management and related services provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts (collectively, its sponsored investment products). The Company’s investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. The Company’s sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products. It also manages certain sub-advised investment products, which may be sold to the public under one of its brand names or that of other companies. Most of the investment funds it manages are open-end mutual funds that offer their shares to investors. It also offers closed-end funds that issue a set number of shares to investors in a public offering and the shares are then traded on a public stock exchange.

Another recent and important Franklin Resources, Inc. (NYSE:BEN) news was published by Fool.com which published an article titled: “Why Shares of Franklin Resources, Inc. Are Surging Today” on November 09, 2016.

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By Clifton Ray


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