Barclays Maintains Franklin Resources to Underweight with Price Target $31.00

Brokerage firm Barclays Maintains its rating on Franklin Resources(NYSE:BEN). In a research note issued to the investors, the brokerage major Raises the price-target to $31.00 per share. The shares have been rated Underweight. The rating by Barclays was issued on Aug 9, 2016.

In a different note, On Jul 29, 2016, Barclays said it Maintains its rating on Franklin Resources. In the research note, the firm Lowers the price-target to $31.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on Franklin Resources. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, Keefe Bruyette & Woods said it Maintains its rating on Franklin Resources. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on Franklin Resources. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Franklin Resources. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 9, 2016, Barclays said it Maintains its rating on Franklin Resources. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Underweight’ by the firm.

Franklin Resources (BEN) made into the market gainers list on Wednesdays trading session with the shares advancing 0.55% or 0.2 points. Due to strong positive momentum, the stock ended at $36.25, which is also near the day’s high of $36.38. The stock began the session at $36.04 and the volume stood at 22,44,058 shares. The 52-week high of the shares is $43.94 and the 52 week low is $30.56. The company has a current market capitalization of $20,884 M and it has 57,61,21,370 shares in outstanding.

Franklin Resources(BEN) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.63B. Analysts had an estimated revenue of $1.63B. Earnings per share were $0.77. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Dec 23, 2015, Jennifer M Johnson (Co-President) purchased 210 shares at $35.74 per share price.Also, On May 20, 2015, John M Lusk (EVP-Investment Management) sold 15,000 shares at $51.63 per share price.On Feb 3, 2015, Kenneth A Lewis (EVP and CFO) sold 3,000 shares at $53.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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