Free Trial

Quantbot Technologies LP Has $4.46 Million Stock Holdings in Franklin Resources, Inc. (NYSE:BEN)

Franklin Resources logo with Finance background
Remove Ads

Quantbot Technologies LP decreased its holdings in Franklin Resources, Inc. (NYSE:BEN - Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,867 shares of the closed-end fund's stock after selling 38,177 shares during the quarter. Quantbot Technologies LP's holdings in Franklin Resources were worth $4,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BEN. JPMorgan Chase & Co. raised its position in shares of Franklin Resources by 263.1% in the third quarter. JPMorgan Chase & Co. now owns 2,022,055 shares of the closed-end fund's stock valued at $40,744,000 after buying an additional 1,465,148 shares in the last quarter. Amundi raised its holdings in Franklin Resources by 62.9% in the 4th quarter. Amundi now owns 3,752,326 shares of the closed-end fund's stock valued at $75,928,000 after acquiring an additional 1,449,210 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Franklin Resources by 44.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,998,574 shares of the closed-end fund's stock valued at $60,421,000 after acquiring an additional 925,590 shares during the period. Vest Financial LLC grew its holdings in shares of Franklin Resources by 32.1% during the 4th quarter. Vest Financial LLC now owns 2,923,399 shares of the closed-end fund's stock worth $59,316,000 after purchasing an additional 709,736 shares in the last quarter. Finally, State Street Corp raised its stake in Franklin Resources by 2.9% in the third quarter. State Street Corp now owns 21,155,516 shares of the closed-end fund's stock valued at $432,730,000 after purchasing an additional 599,045 shares in the last quarter. Institutional investors own 47.56% of the company's stock.

Remove Ads

Franklin Resources Trading Up 3.4 %

NYSE:BEN traded up $0.64 during mid-day trading on Friday, hitting $19.56. 3,424,335 shares of the company's stock were exchanged, compared to its average volume of 4,255,947. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. Franklin Resources, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $28.15. The company has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $20.57. The firm has a market capitalization of $10.27 billion, a P/E ratio of 30.09, a PEG ratio of 2.31 and a beta of 1.42.

Franklin Resources (NYSE:BEN - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The closed-end fund reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. Franklin Resources had a net margin of 4.32% and a return on equity of 9.45%. During the same period in the previous year, the business earned $0.65 EPS. As a group, research analysts expect that Franklin Resources, Inc. will post 2.16 earnings per share for the current year.

Franklin Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, March 31st. Franklin Resources's dividend payout ratio is currently 196.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Franklin Resources from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of Franklin Resources from $18.00 to $19.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods upped their target price on Franklin Resources from $19.00 to $21.00 and gave the stock an "underperform" rating in a research note on Monday, February 3rd. The Goldman Sachs Group upgraded Franklin Resources from a "sell" rating to a "neutral" rating and lifted their price target for the company from $21.00 to $22.00 in a research note on Monday, January 6th. Finally, Barclays upped their price objective on Franklin Resources from $19.00 to $22.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Franklin Resources currently has an average rating of "Hold" and a consensus price target of $20.86.

View Our Latest Stock Analysis on Franklin Resources

About Franklin Resources

(Free Report)

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

Recommended Stories

Institutional Ownership by Quarter for Franklin Resources (NYSE:BEN)

Should You Invest $1,000 in Franklin Resources Right Now?

Before you consider Franklin Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Resources wasn't on the list.

While Franklin Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads