Franklin Resources, Inc. (NYSE:BEN) Stock Holdings Boosted by Sepio Capital LLC

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Sepio Capital LLC raised its position in shares of Franklin Resources, Inc. (NYSE:BEN) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,540 shares of the closed-end fund’s stock after purchasing an additional 9,871 shares during the quarter. Sepio Capital LLC’s holdings in Franklin Resources were worth $3,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BEN. BB&T Securities LLC boosted its holdings in Franklin Resources by 8.2% during the second quarter. BB&T Securities LLC now owns 36,845 shares of the closed-end fund’s stock valued at $1,282,000 after purchasing an additional 2,779 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Franklin Resources by 257.1% during the second quarter. Janus Henderson Group PLC now owns 690,543 shares of the closed-end fund’s stock valued at $24,029,000 after purchasing an additional 497,181 shares in the last quarter. Greenwood Gearhart Inc. boosted its holdings in Franklin Resources by 3.2% during the second quarter. Greenwood Gearhart Inc. now owns 146,994 shares of the closed-end fund’s stock valued at $5,115,000 after purchasing an additional 4,566 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in Franklin Resources by 4.4% during the second quarter. First Republic Investment Management Inc. now owns 91,098 shares of the closed-end fund’s stock valued at $3,170,000 after purchasing an additional 3,837 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in Franklin Resources by 3.1% during the second quarter. LS Investment Advisors LLC now owns 110,974 shares of the closed-end fund’s stock valued at $3,862,000 after purchasing an additional 3,318 shares in the last quarter. 48.31% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:BEN traded up $0.01 during trading on Tuesday, reaching $25.94. The stock had a trading volume of 127,529 shares, compared to its average volume of 3,908,469. Franklin Resources, Inc. has a 52 week low of $25.84 and a 52 week high of $35.82. The business’s 50-day moving average price is $31.61 and its 200 day moving average price is $33.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.35 and a quick ratio of 3.35. The stock has a market capitalization of $13.26 billion, a PE ratio of 8.10, a P/E/G ratio of 1.44 and a beta of 1.17.

Franklin Resources (NYSE:BEN) last posted its earnings results on Tuesday, July 30th. The closed-end fund reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). Franklin Resources had a net margin of 23.80% and a return on equity of 13.43%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was down 5.3% on a year-over-year basis. Analysts forecast that Franklin Resources, Inc. will post 2.59 EPS for the current year.

In other news, EVP Craig Steven Tyle sold 10,924 shares of Franklin Resources stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $32.04, for a total value of $350,004.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.90% of the company’s stock.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods downgraded Franklin Resources from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $34.00 to $33.00 in a report on Monday, April 29th. ValuEngine downgraded Franklin Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. JPMorgan Chase & Co. lifted their price objective on Franklin Resources from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Friday, July 12th. TheStreet downgraded Franklin Resources from a “b-” rating to a “c+” rating in a report on Friday, August 9th. Finally, Barclays set a $27.00 price objective on Franklin Resources and gave the company a “sell” rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Sell” and a consensus target price of $31.18.

Franklin Resources Profile

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.

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

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