Discussion stirs around Franklin Resources, Inc. (NYSE:BEN) this week; here is what analysts are saying.

September 16, 2018 - By Jason Dias

Franklin Resources, Inc. (NYSE:BEN) LogoInvestors sentiment decreased to 0.81 in 2018 Q2. Its down 0.01, from 0.82 in 2018Q1. It dived, as 42 investors sold Franklin Resources, Inc. shares while 185 reduced holdings. 51 funds opened positions while 133 raised stakes. 238.53 million shares or 2.43% less from 244.47 million shares in 2018Q1 were reported.
Associated Banc holds 36,109 shares or 0.07% of its portfolio. Suntrust Banks reported 0% in Franklin Resources, Inc. (NYSE:BEN). Utd Capital Advisers Llc reported 0.03% in Franklin Resources, Inc. (NYSE:BEN). 13,532 were accumulated by Kentucky Retirement Sys. Us Bank De holds 62,611 shares or 0.01% of its portfolio. 2,218 are held by Advisory Net Limited Liability Company. Enterprise Fin Corporation holds 93 shares or 0% of its portfolio. Cadence Capital Management Ltd Liability Corp holds 30,914 shares or 0.06% of its portfolio. Fayez Sarofim & has invested 0.06% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Commerce Fincl Bank has 54,755 shares for 0.02% of their portfolio. Pinebridge Invs Ltd Partnership reported 0.01% in Franklin Resources, Inc. (NYSE:BEN). Moreover, Bluecrest Capital Mgmt Limited has 0.01% invested in Franklin Resources, Inc. (NYSE:BEN). The New York-based Price Michael F has invested 0.89% in Franklin Resources, Inc. (NYSE:BEN). Stephens Ar holds 0.04% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 36,951 shares. Moreover, Carroll Fincl Associates Inc has 0.05% invested in Franklin Resources, Inc. (NYSE:BEN).

Since August 31, 2018, it had 0 insider buys, and 1 sale for $350,004 activity.

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

Among 9 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 4 Sell and 5 Hold. Therefore 0 are positive. Franklin Resources has $3700 highest and $29 lowest target. $33.22’s average target is 4.07% above currents $31.92 stock price. Franklin Resources had 13 analyst reports since April 6, 2018 according to SRatingsIntel. Morgan Stanley maintained Franklin Resources, Inc. (NYSE:BEN) rating on Thursday, July 12. Morgan Stanley has “Underweight” rating and $32 target. Keefe Bruyette & Woods maintained the shares of BEN in report on Tuesday, April 10 with “Hold” rating. Wells Fargo maintained the stock with “Market Perform” rating in Monday, July 30 report. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Wednesday, April 11 by Jefferies. The firm has “Underweight” rating by JP Morgan given on Thursday, September 6. Bank of America downgraded the shares of BEN in report on Monday, April 9 to “Hold” rating. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Credit Suisse with “Sell” on Thursday, April 5. The stock has “Underweight” rating by Morgan Stanley on Tuesday, April 10. The firm has “Underweight” rating given on Monday, April 23 by Barclays Capital. Below is a list of Franklin Resources, Inc. (NYSE:BEN) latest ratings and price target changes.

06/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Old Target: $32 New Target: $29 Downgrade
16/08/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $33 New Target: $32 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $32 New Target: $30 Maintain
30/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $35 New Target: $34 Maintain
30/07/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $32 New Target: $30 Maintain
12/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $33 New Target: $32 Maintain
23/04/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $40 New Target: $32 Maintain
11/04/2018 Broker: Jefferies Rating: Hold New Target: $36.0000 Maintain
10/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $37.0000 Maintain
10/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $42 New Target: $35 Maintain

The stock increased 1.88% or $0.59 during the last trading session, reaching $31.92. About 2.37M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 19.28% since September 16, 2017 and is downtrending. It has underperformed by 34.90% the S&P500.

Franklin Resources, Inc. is a publicly owned asset management holding company. The company has market cap of $16.82 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It has a 26.19 P/E ratio. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

Another recent and important Franklin Resources, Inc. (NYSE:BEN) news was published by Globenewswire.com which published an article titled: “Franklin Resources, Inc. Announces Quarterly Dividend” on August 28, 2018.

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

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