ValuEngine downgraded shares of Franklin Resources (NYSE:BEN) from a hold rating to a sell rating in a report released on Saturday morning, ValuEngine reports.

A number of other analysts have also weighed in on BEN. JPMorgan Chase & Co. upped their price objective on Franklin Resources from $33.00 to $34.00 and gave the stock an underweight rating in a research report on Friday, July 12th. Barclays set a $27.00 price objective on Franklin Resources and gave the stock a sell rating in a report on Wednesday, July 31st. Citigroup increased their target price on shares of Franklin Resources from $35.00 to $37.00 and gave the stock a neutral rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods downgraded shares of Franklin Resources from a market perform rating to an underperform rating and decreased their target price for the stock from $34.00 to $33.00 in a research note on Monday, April 29th. Finally, TheStreet upgraded shares of Franklin Resources from a c+ rating to a b rating in a research note on Friday, April 26th. Eight equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of Sell and a consensus target price of $31.18.

Franklin Resources stock opened at $28.53 on Friday. Franklin Resources has a twelve month low of $27.34 and a twelve month high of $35.82. The stock’s fifty day moving average is $33.67. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.62 and a beta of 1.17.

Franklin Resources (NYSE:BEN) last posted its quarterly earnings data on Tuesday, July 30th. The closed-end fund reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). Franklin Resources had a return on equity of 13.43% and a net margin of 23.80%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts expect that Franklin Resources will post 2.59 EPS for the current year.

In other news, EVP Craig Steven Tyle sold 10,924 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.04, for a total transaction of $350,004.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 23.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Franklin Resources by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 4,151,160 shares of the closed-end fund’s stock worth $122,917,000 after purchasing an additional 122,024 shares in the last quarter. FMR LLC grew its position in shares of Franklin Resources by 11.9% during the fourth quarter. FMR LLC now owns 2,184,294 shares of the closed-end fund’s stock worth $64,786,000 after purchasing an additional 232,030 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Franklin Resources by 60.0% during the first quarter. State of Alaska Department of Revenue now owns 113,459 shares of the closed-end fund’s stock worth $3,758,000 after purchasing an additional 42,542 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Franklin Resources during the first quarter worth about $316,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Franklin Resources by 15.3% during the first quarter. Nisa Investment Advisors LLC now owns 162,456 shares of the closed-end fund’s stock worth $5,384,000 after purchasing an additional 21,500 shares in the last quarter. Hedge funds and other institutional investors own 47.76% of the company’s stock.

About Franklin Resources

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.

Further Reading: Investing strategies using the yield curve

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Franklin Resources (NYSE:BEN)

Receive News & Ratings for Franklin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Resources and related companies with MarketBeat.com's FREE daily email newsletter.