WINTON GROUP Ltd trimmed its stake in shares of Franklin Resources, Inc. (NYSE:BEN) by 94.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,586 shares of the closed-end fund’s stock after selling 287,677 shares during the quarter. WINTON GROUP Ltd’s holdings in Franklin Resources were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Captrust Financial Advisors lifted its holdings in Franklin Resources by 605.1% in the 2nd quarter. Captrust Financial Advisors now owns 3,187 shares of the closed-end fund’s stock worth $103,000 after buying an additional 2,735 shares during the period. Squar Milner Financial Services LLC purchased a new stake in Franklin Resources in the 3rd quarter worth approximately $100,000. Focused Wealth Management Inc purchased a new stake in Franklin Resources in the 2nd quarter worth approximately $131,000. Dupont Capital Management Corp lifted its holdings in Franklin Resources by 61.2% in the 2nd quarter. Dupont Capital Management Corp now owns 4,168 shares of the closed-end fund’s stock worth $134,000 after buying an additional 1,582 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Franklin Resources by 196.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,301 shares of the closed-end fund’s stock worth $131,000 after buying an additional 2,850 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Franklin Resources from a “strong sell” rating to a “sell” rating in a report on Tuesday. Deutsche Bank dropped their price objective on Franklin Resources from $30.00 to $29.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley set a $29.00 price objective on Franklin Resources and gave the stock a “sell” rating in a report on Wednesday, November 14th. Credit Suisse Group lowered their target price on Franklin Resources from $28.00 to $26.00 and set an “underperform” rating for the company in a research note on Friday, October 26th. Finally, Zacks Investment Research cut Franklin Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Six analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Franklin Resources presently has a consensus rating of “Hold” and an average target price of $34.18.

In other Franklin Resources news, EVP Craig Steven Tyle sold 11,165 shares of Franklin Resources stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $31.35, for a total transaction of $350,022.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jed A. Plafker sold 4,820 shares of Franklin Resources stock in a transaction on Friday, September 21st. The shares were sold at an average price of $32.85, for a total value of $158,337.00. Following the transaction, the insider now owns 56,369 shares of the company’s stock, valued at approximately $1,851,721.65. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.

BEN opened at $32.22 on Tuesday. The company has a market capitalization of $16.38 billion, a PE ratio of 10.10, a PEG ratio of 1.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.71 and a quick ratio of 3.71. Franklin Resources, Inc. has a 52 week low of $28.12 and a 52 week high of $45.96.

Franklin Resources (NYSE:BEN) last released its earnings results on Thursday, October 25th. The closed-end fund reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.39. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Franklin Resources had a return on equity of 16.26% and a net margin of 12.10%. As a group, research analysts expect that Franklin Resources, Inc. will post 2.9 earnings per share for the current fiscal year.

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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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