Franklin Resources, Inc. $BEN Stock Holdings Raised by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC grew its position in Franklin Resources, Inc. (NYSE:BEN) by 36.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,541 shares of the closed-end fund’s stock after acquiring an additional 18,158 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Franklin Resources were worth $2,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BEN. University of Texas Texas AM Investment Management Co. purchased a new position in Franklin Resources during the 3rd quarter worth $35,000. Shepherd Financial Partners LLC acquired a new position in Franklin Resources in the third quarter valued at $248,000. Brighton Jones LLC increased its stake in Franklin Resources by 115.4% in the third quarter. Brighton Jones LLC now owns 37,254 shares of the closed-end fund’s stock valued at $1,197,000 after purchasing an additional 19,960 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Franklin Resources in the third quarter valued at about $448,000. Finally, Ethic Inc. raised its holdings in shares of Franklin Resources by 223.2% in the third quarter. Ethic Inc. now owns 208,403 shares of the closed-end fund’s stock valued at $6,694,000 after buying an additional 143,914 shares during the last quarter. 47.56% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Resources Stock Up 0.3%

Shares of Franklin Resources stock opened at $33.84 on Monday. The company has a market cap of $17.19 billion, a P/E ratio of 17.09, a PEG ratio of 0.60 and a beta of 1.56. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.48 and a current ratio of 1.48. Franklin Resources, Inc. has a one year low of $21.10 and a one year high of $36.28. The firm has a fifty day moving average of $32.58 and a two-hundred day moving average of $30.38.

Franklin Resources (NYSE:BEN) last issued its earnings results on Friday, November 6th. The closed-end fund reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.17. Franklin Resources had a net margin of 11.42% and a return on equity of 12.59%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that Franklin Resources, Inc. will post 3.20 earnings per share for the current year.

Franklin Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were given a $0.33 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. Franklin Resources’s dividend payout ratio (DPR) is presently 66.67%.

Franklin Resources News Roundup

Here are the key news stories impacting Franklin Resources this week:

• Positive Sentiment: Adjusted earnings were $0.94 per share, above analyst expectations of roughly $0.77–$0.78 and up from $0.67 a year earlier. Revenue of $1.88 billion also topped estimates of $1.86 billion and increased 3.9% year over year. Article: Franklin Templeton Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Reports attributed the results to higher revenue, year-over-year growth in assets under management, robust long-term net inflows and lower operating expenses—indicators that support earnings momentum. Article: Franklin Q4 Earnings Beat Estimates on Higher Revenues, AUM Rises Year Over Year

Wall Street Analyst Weigh In

BEN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $34.00 target price on shares of Franklin Resources in a research note on Monday, August 3rd. Wall Street Zen downgraded Franklin Resources from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. TD Cowen decreased their price objective on Franklin Resources from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Franklin Resources in a research note on Monday, August 31st. Finally, Morgan Stanley lifted their target price on Franklin Resources from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, September 25th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Franklin Resources presently has an average rating of “Hold” and a consensus price target of $35.89.

Franklin Resources Company Profile

Franklin Resources, Inc is a global investment management company that operates under the Franklin Templeton name. It offers investment products and services to individual investors, financial professionals, institutions and other clients, including mutual funds, exchange-traded funds and separately managed accounts.

The company invests across a range of asset classes and strategies, including equities, fixed income, multi-asset portfolios and alternative investments. Its services also include retirement solutions and wealth management.

Founded in 1947, Franklin Resources has grown through acquisitions, including its 2020 acquisition of Legg Mason.