Franklin Resources (BEN) : Amica Pension Fund Board Of Trustees scooped up 25,805 additional shares in Franklin Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 98,406 shares of Franklin Resources which is valued at $3,507,190.Franklin Resources makes up approximately 0.44% of Amica Pension Fund Board Of Trustees’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in BEN in the latest quarter, The investment management firm added 905 additional shares and now holds a total of 57,285 shares of Franklin Resources which is valued at $2,041,637. Franklin Resources makes up approx 0.05% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Essex Financial Services boosted its stake in BEN in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 8,759 shares of Franklin Resources which is valued at $316,988. Franklin Resources makes up approx 0.07% of Essex Financial Services’s portfolio.Pggm Investments boosted its stake in BEN in the latest quarter, The investment management firm added 175,618 additional shares and now holds a total of 816,441 shares of Franklin Resources which is valued at $28,452,969. Franklin Resources makes up approx 0.14% of Pggm Investments’s portfolio. Lingohr Partner Asset Management Gmbh sold out all of its stake in BEN during the most recent quarter. The investment firm sold 14,300 shares of BEN which is valued $502,931.
Franklin Resources (BEN) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $36.52 and reached the intraday high at $36.9201. The bulls started the profit booking and pushed the shares to intraday low of $36.36. The trading session was marked by a volume range of 30,31,531 shares exchanging hands. The 52-week high of the shares is $44.94 and the 52-week low is $30.56. The market cap of the company stands at $20,988 M and there are 57,61,21,370 shares in public circulation.
On the company’s financial health, Franklin Resources reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.67. The company had revenue of $1634.30 million for the quarter, compared to analysts expectations of $1618.75 million. The company’s revenue was down -18.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.82 EPS.
Many Wall Street Analysts have commented on Franklin Resources. Shares were Downgraded by UBS on Jun 2, 2016 to ” Sell” and Lowered the Price Target to $ 28 from a previous price target of $39 .
Franklin Resources Inc. (Franklin) is a holding company. Franklin together with its various subsidiaries (collectively the Company) is referred to as Franklin Templeton Investments is a global investment management organization offering investment management and related services under the Franklin Templeton Mutual Series Bissett Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally which include the United States- and non- United States-registered open-end and closed-end funds unregistered funds and institutional high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration shareholder services transfer agency underwriting distribution custodial trustee and other fiduciary services. Its sponsored investment products include a range of equity hybrid fixed-income and cash management funds and accounts including alternative investment products.