Franklin Resources, Inc. (BEN) Sets 1-Year High on Apr, 15 at $35.38

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

During Q4 2018 the big money sentiment decreased to 0.75. That’s change of 0.08, from 2018Q3’s 0.83. 43 investors sold all, 181 reduced holdings as Franklin Resources, Inc. ratio dropped. 112 grew positions while 55 funds bought positions. Funds hold 242.74 million shares thus 3.00% more from 2018Q3’s 235.66 million shares.
New York State Teachers Retirement System accumulated 396,516 shs. Kelly Lawrence W & Associates Ca stated it has 0% of its capital in Franklin Resources, Inc. (NYSE:BEN). Shelter Mutual Insurance holds 0.86% or 91,010 shs. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% in Franklin Resources, Inc. (NYSE:BEN) or 33,500 shs. Olstein Cap Management Ltd Partnership reported 120,222 shs stake. 313,905 are owned by Great West Life Assurance Can. Sfe Counsel holds 28,298 shs. Royal Natl Bank Of Canada stated it has 377,629 shs or 0.01% of all its holdings. Ferguson Wellman Capital Management has 55,620 shs for 0.06% of their capital. Guinness Asset Mgmt has 0.05% invested in Franklin Resources, Inc. (NYSE:BEN). 1,532 are owned by Amica Retiree Trust. Heritage Wealth Advsr has 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 205 shs. Kbc Gru Nv reported 37,160 shs stake. Gateway Investment Advisers Limited Co holds 0% or 12,363 shs. Neuberger Berman Ltd Liability invested in 0% or 9,309 shs.

Franklin Resources, Inc. registered $17.08 million net activity with 0 insider buys and 2 selling transactions since November 23, 2018. JOHNSON RUPERT H JR sold $16.73M worth of Franklin Resources, Inc. (NYSE:BEN) on Friday, November 23.

A 52 week high was hit by Franklin Resources, Inc. (NYSE:BEN). Today’s stock price was $35.38. It’s 5.00 % above our $37.15. The 52 week high was announced on Apr, 15 by Barchart.com. The company has $18.03 billion MC. At $37.15 target, the company’s valuation could be $901.30M more.

BEN reached $35.38 during the last trading session after $0.08 change.Currently Franklin Resources, Inc. is downtrending after 8.07% change in last April 15, 2018. BEN has also 291,505 shares volume. The stock underperformed the S&P 500 by 12.44%.

Franklin Resources, Inc. (NYSE:BEN)’s earnings report is anticipated on April, 25., as reported by RTT. Analysts have expectation on stock’s earnings per share of $0.58. That’s down 25.64 % from last year’s $0.78 earnings per share. This could reach $295.51M profit for BEN assuming the current $0.58 earnings per share will become reality. Wall Street now forecasts 7.41 % EPS growth despite Franklin Resources, Inc. previous quarter’s EPS of $0.54.

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

In total 7 analysts cover Franklin Resources (NYSE:BEN). “Buy” rating has 0, “Sell” are 5, while 2 are “Hold”. 0 are bullish. With $33 highest and $24 lowest target price Franklin Resources has $28 average target price or -20.86% below the current ($35.38) price. 9 are the (NYSE:BEN)’s analyst reports since October 26, 2018 according to StockzIntelligence Inc. On Monday, February 25 the stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given by Keefe Bruyette & Woods. On Tuesday, January 8 Evercore downgraded Franklin Resources, Inc. (NYSE:BEN) to “Underperform” rating. On Thursday, March 14 Citigroup maintained Franklin Resources, Inc. (NYSE:BEN) rating. Citigroup has “Sell” rating and $28 target. On Friday, October 26 Credit Suisse maintained the shares of BEN in report with “Underperform” rating. In Friday, November 16 report Deutsche Bank maintained it with “Hold” rating and $29 target. The stock rating was maintained by Barclays Capital with “Sell” on Tuesday, February 19. On Friday, January 11 the rating was downgraded by Bank of America to “Underperform”.

For more Franklin Resources, Inc. (NYSE:BEN) news brought out briefly go to: Globenewswire.com, Benzinga.com, Globenewswire.com, Globenewswire.com or Investorplace.com. The titles are as follows: “Franklin Resources, Inc. to Announce Second Quarter Results on April 26, 2019 – GlobeNewswire” brought out on April 05, 2019, “8 Biggest Price Target Changes For Monday – Benzinga” on April 15, 2019, “Franklin Universal Trust Declares Monthly Distribution NYSE:FT – GlobeNewswire” with a publish date: March 18, 2019, “Franklin Universal Trust Announces Results of 2019 Annual Shareholders’ Meeting – GlobeNewswire” and the last “3 Big Stock Charts for Tuesday: Juniper Networks, Lennar and Franklin Resources – Investorplace.com” with publication date: March 26, 2019.

Franklin Resources, Inc. is a publicly owned asset management holding company.The firm is valued at $18.03 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.The P/E ratio is 11.63. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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

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