Foundation Resource Management INC Has Upped Franklin Res INC (BEN) Stake

Franklin Resources, Inc. (NYSE:BEN) LogoInvestors sentiment decreased to 0.75 in 2018 Q4. Its down 0.08, from 0.83 in 2018Q3. It dropped, as 43 investors sold BEN shares while 181 reduced holdings. 55 funds opened positions while 112 raised stakes. 242.74 million shares or 3.00% more from 235.66 million shares in 2018Q3 were reported. Zebra Ltd Liability Corp reported 0.42% in Franklin Resources, Inc. (NYSE:BEN). Renaissance Technology Limited Liability Corp holds 0% or 12,200 shares. Twin Cap Mgmt holds 18,000 shares. Public Employees Retirement Association Of Colorado has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). Moreover, Bragg Advisors has 0.05% invested in Franklin Resources, Inc. (NYSE:BEN) for 10,285 shares. Thrivent Financial For Lutherans owns 13,931 shares for 0% of their portfolio. Shelter Insurance Retirement Plan has invested 0.83% in Franklin Resources, Inc. (NYSE:BEN). Dnb Asset Management As reported 0% stake. Employees Retirement System Of Texas stated it has 47,000 shares or 0.02% of all its holdings. 75 were reported by Proffitt And Goodson Inc. Vident Inv Advisory Limited Liability Com reported 92,856 shares stake. Japan-based Mitsubishi Ufj Trust Corp has invested 0.03% in Franklin Resources, Inc. (NYSE:BEN). Fmr Lc accumulated 2.18 million shares. The New York-based Gotham Asset Management Ltd Com has invested 0.08% in Franklin Resources, Inc. (NYSE:BEN). 1.78M are held by Dimensional Fund Limited Partnership.

Since November 23, 2018, it had 0 insider buys, and 2 selling transactions for $17.08 million activity. On Friday, November 23 the insider JOHNSON RUPERT H JR sold $16.73M.

Foundation Resource Management Inc increased its stake in Franklin Res Inc (BEN) by 142.32% based on its latest 2018Q4 regulatory filing with the SEC. Foundation Resource Management Inc bought 302,195 shares as the company’s stock declined 3.25% while stock markets rallied. The institutional investor held 514,536 shares of the finance company at the end of 2018Q4, valued at $15.26 million, up from 212,341 at the end of the previous reported quarter. Foundation Resource Management Inc who had been investing in Franklin Res Inc for a number of months, seems to be bullish on the $17.28B market cap company. The stock increased 1.32% or $0.44 during the last trading session, reaching $34.03. About 1.37M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.07% since May 8, 2018 and is downtrending. It has underperformed by 12.44% the S&P500.

More notable recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Benzinga.com which released: “Earnings Scheduled For April 26, 2019 – Benzinga” on April 26, 2019, also Globenewswire.com with their article: “Franklin Resources, Inc. Announces First Quarter Results – GlobeNewswire” published on January 30, 2019, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: AbbVie, Adobe, Amex, Intel, 3M, Microsoft, SAP, Shopify, Sprint, Target and More – 24/7 Wall St.” on April 29, 2019. More interesting news about Franklin Resources, Inc. (NYSE:BEN) were released by: Globenewswire.com and their article: “Franklin Resources, Inc. Announces Quarterly Dividend NYSE:BEN – GlobeNewswire” published on February 12, 2019 as well as Techcrunch.com‘s news article titled: “Pinterest is up more than 25% in its first day of trading – TechCrunch” with publication date: April 18, 2019.

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

Among 6 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. Franklin Resources had 11 analyst reports since November 16, 2018 according to SRatingsIntel. Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) on Tuesday, February 19 with “Sell” rating. Evercore downgraded Franklin Resources, Inc. (NYSE:BEN) on Tuesday, January 8 to “Underperform” rating. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Monday, February 25 by Keefe Bruyette & Woods. Citigroup upgraded the shares of BEN in report on Monday, April 15 to “Neutral” rating. The rating was maintained by Citigroup on Thursday, March 14 with “Sell”. The rating was maintained by Deutsche Bank on Friday, November 16 with “Hold”. The rating was downgraded by Bank of America to “Underperform” on Friday, January 11.

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

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