Ferguson Wellman Capital Management Inc. has reduced its position in Franklin Resources, Inc. (NYSE: BEN) by 4.8% in the company's third quarter, according to its latest 13F Securities and Exchange Commission (SEC). After having sold 3,250 shares in the quarter, the institutional investor had 63,920 shares of closed end fund stock. The holding of Ferguson Wellman Capital Management Inc. in Franklin Resources was $ 1,944,000 due to the latest SEC applications.
Many other corporate investors and hedge funds have also recently changed their positions in BEN. Captrust Financial Advisors increased its shares in Franklin Resources by 605.1% in the second quarter. Captrust Financial Advisors owns 3,187 shares of $ 103,000 worth of closed-end funds after purchasing additional 2,735 shares in the period. Focused Wealth Management Inc. achieved a new position of $ 131,000 in Franklin Resources in the second quarter. Steward Partners Investment Advisor LLC increased its companies in Franklin Resources by 196.4% in the third quarter. Steward Partners Investment Advisory LLC acquired 2,850 shares in the current period and owned shares of 4 thousand 301 shares and 131 thousand dollars. Dupont Capital Management Corp. increased its shares in Franklin Resources by 61.2% in the second quarter. Dupont Capital Management Corp, after purchasing additional 1,582 shares during the period, owns 4,168 shares of the stock of the closing fund, valued at $ 134,000. Finally, IMS Capital Management achieved a new position of $ 161,000 in Franklin Resources in the second quarter. Corporate investors and hedge funds have 46,38% of the company's shares.
I have been the subject of a series of new analyst reports. In a report Monday (July 30th), Barclays reduced Franklin Resources' price from $ 32.00 to $ 30.00 and set a "weak" rating in a report. Wells Fargo & Co. reported on Monday (July 30th) $ 35.00 from $ 35.00 in a report. up to Franklin Resources & # 39; in the price target has reduced and the stock "market performance" has determined the grade. Morgan Stanley lowered its price targets by $ 32.00 to $ 30.00 on Franklin Resources, and in a report Thursday (August 2nd), the stock price was Frank weak.; Zacks Investment Research reduced Franklin Resources to ü strong sales 6 in a survey report on Monday (August 6th). Finally, Deutsche Bank said on Thursday at 16.00 Thursday, $ 32.00 from $ 33.00 in a research report. until the target price of Franklin Resources & # 39; Six stock research analysts evaluated the stock with a sales grade and six people gave the company a degree of allocation. Franklin Resources has a l Hold # consensus degree and a common target price of $ 34.18.
Shares of NYSE are traded at $ 0.35 on Friday, hitting $ 31.93. The company had a trading volume of 3,339,327 and its average volume was 4,033,113. The Company has a rapid rate of 3,37, the current ratio of which is 3.71 and the debt to equity ratio is 0.07. Franklin Resources, Inc. & # 39; s lowest level of 52 weeks and $ 52.12 52.12 dollars a week at $ 45.96. The market value of the company is 15.81 billion USD, 10.01 P / E ratio, 1.05 P / E / G ratio and 1.28 beta.
Franklin Resources (NYSE: BEN) recently released quarterly earnings data on Thursday (October 25th). The closed-end fund reported $ 1.13 earnings per share (EPS) for a quarter, and Thomson Reuters's $ 0.93 consensus estimate of $ 0.73. Franklin Resources achieved 16.26% return on equity and 12.10% net profit. The business had an income of $ 1.53 billion, compared with a $ 1.55 billion consensus estimate for the quarter. On average, analysts on the sales side predict that Franklin Resources, Inc. will earn 2.9 per share of the current year.
According to a report, EVP Craig Steven Tyle sold 11,165 shares of the shares in a transaction on Tuesday (September 4th). Stocks were sold at an average price of $ 31.35 for a total of $ 350,022.75 transactions. The transaction was announced in a filing with the SEC, accessible from the SEC website. In addition, insider Jed A. Plafker sold 4.820 shares of the transaction's inventory on Friday (September 21st). The stock price at $ 158.337.00 was $ 32.85. Following the transaction, the company now has 56,369 shares in the company and is worth US $ 1,851,721.65. The description for this sale can be found here. Institutional inserts have a shareholding of 22.20% of the company's shares.
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Franklin Resources Company Profile
Franklin Resources, Inc. is a publicly owned asset management holding company. The Company provides services to individuals, institutions, retirement plans, trust and partnerships through its subsidiaries. It initiates equity, fixed income, balanced and highly wealthy mutual funds through its subsidiaries.
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