Franklin Resources Inc (NYSE:BEN) Big Money Sentiment Index Crashed in Q1 2018 to 0.82

June 27, 2018 - By Alice Fox

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

Franklin Resources Inc’s Sentiment

In 2018 Q1 Franklin Resources Inc (NYSE:BEN) big money sentiment decreased to 0.82, according to SEC.gov filings. That’s down -0.03, from 2017Q4’s 0.85. 191 funds increased or opened new positions, while 232 sold and decreased their 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 changed to 5 from 8 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.

Most Franklin Resources Inc Shareholders

As of 2018 Q1 Hamel Associates Inc. has 85.88% invested in Franklin Resources Inc. Franklin Resources Inc’s shareholder Gallagher Fiduciary Advisors Llc owns 1.92 million shares as of 2018 Q1. Moreover, Abrams Capital Management L.P. reported 7.95 million shares in Franklin Resources Inc equivalent to 8.64% of its US long equity exposure. 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 looks positive on Franklin Resources Inc, owning 153,130 shares.

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.

BEN hit $32.62 during the last trading session after $0.16 change.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 is anticipated Franklin Resources, Inc. (NYSE:BEN)’s earnings report, Zacks reports. The EPS diference is $0.03 or 4.11 % up from last years number. Previous year: $0.73; Analysts forcast: $0.76. If reported the P/E will be 10.73 with $410.57M profit. Last quarter $0.78 EPS was reported. Analysts sees -2.56 % negative EPS growth this quarter.

The New York-based Douglass Winthrop Ltd Llc has invested 0.22% in Franklin Resources, Inc. (NYSE:BEN). Moreover, Fmr Ltd Limited Liability Company has 0.02% invested in Franklin Resources, Inc. (NYSE:BEN). State Of Alaska Department Of Revenue reported 60,934 shs stake. Gemmer Asset Mgmt Limited Com owns 472 shs. Piedmont Investment Advsrs Limited Company stated it has 108,908 shs or 0.1% of all its holdings. Aqr Cap Management Ltd reported 2.85M shs. Rbo And Lc invested in 20,282 shs. Quantres Asset, a Cayman Islands-based fund reported 7,500 shs. Nuveen Asset Mngmt Lc holds 0.01% or 27,292 shs in its capital. State Of Tennessee Treasury Department has 78,162 shs for 0.01% of their capital. 16,254 are held by Insight 2811. Exxonmobil Inv Mngmt Tx reported 0.05% of its capital in Franklin Resources, Inc. (NYSE:BEN). 145,107 are held by Richard Bernstein Advisors Ltd Liability Corp. Cetera Advisor Ntwk Ltd Liability Co holds 10,037 shs or 0.02% of its capital. Millennium Mngmt Ltd Com holds 1.03M shs or 0.05% of its capital.

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 Tuesday, March 6 the firm has “Hold” rating by Deutsche Bank given. On Tuesday, April 10 the firm has “Hold” rating by Keefe Bruyette & Woods given. The stock rating was maintained by Credit Suisse with “Sell” on Thursday, April 5. On Thursday, January 11 Credit Suisse upgraded Franklin Resources, Inc. (NYSE:BEN) to “Hold” rating. On Wednesday, April 11 the firm has “Hold” rating by Jefferies given. On Monday, April 9 Bank of America downgraded Franklin Resources, Inc. (NYSE:BEN) rating. Bank of America has “Hold” rating and $3700 target. On Friday, April 6 the company was maintained by Deutsche Bank. On Tuesday, April 10 the firm has “Underweight” rating by Morgan Stanley given. On Monday, April 23 the firm has “Underweight” rating by Barclays Capital given. In Wednesday, January 10 report Jefferies maintained the stock with “Hold” rating.

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