13 June, 2017
Rafferty Asset Management LLC now owns 65,472 shares of the closed-end fund's stock valued at $2,759,000 after buying an additional 47,310 shares during the period. Ericsson now has $23.80B valuation.
The stock increased 0.63% or $0.35 on June 9, reaching $55.62. Its down 0.64% from 8.42 million shares previously. (NYSE:BEN) rating on Thursday, June 1. The correct version of this piece of content can be viewed at https://transcriptdaily.com/2017/06/12/california-public-employees-retirement-system-sells-24100-shares-of-franklin-resources-inc-ben.html. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since June 12, 2016 and is uptrending. Cetera Advisor Networks LLC now owns 13,570 shares of the closed-end fund's stock valued at $483,000 after buying an additional 5,716 shares during the period. It seems that Franklin Resources, Inc. They expect $0.75 earnings per share, up 2.74% or $0.02 from last year's $0.73 per share. (NYSE:BEN) is 1.31518. Franklin Resources, Inc. has a 52-week low of 30.56 and a 52-week high of 44.35. It has outperformed by 2.70% the S&P500. (NYSE:BEN) on Tuesday, March 15 to "Underperform" rating. During the same quarter past year, the company posted $0.61 EPS. This translates into $388.57 million profit for BEN giving the stock a 16.06 P/E. The closed-end fund reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company now has an average rating of "Hold" and a consensus price target of $40.33. (NYSE:BEN) rating on Thursday, September 3. The firm has "Hold" rating given on Friday, January 8 by Deutsche Bank. Deutsche Bank has "Hold" rating and $35 target. Jefferies maintained Franklin Resources, Inc.
02/04/2016 - Franklin Resources, Inc. had its "sell" rating reiterated by analysts at Goldman Sachs. Following the completion of the transaction, the insider now owns 1,521,037 shares in the company, valued at approximately $66,773,524.30. It also reduced Du Pont E I De Nemours & Co (NYSE:DD) stake by 4,971 shares and now owns 24,390 shares. On average, equities research analysts forecast that Franklin Resources, Inc. will post $2.89 earnings per share for the current fiscal year. The firm owned 1,457,809 shares of the closed-end fund's stock after selling 11,570 shares during the period. Therefore 7% are positive. Franklin Resources Inc. had 72 analyst reports since July 31, 2015 according to SRatingsIntel.
Investors wait Franklin Resources, Inc. Barclays Capital maintained it with "Underweight" rating and $32 target in Thursday, February 4 report. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. JP Morgan has "Neutral" rating and $42 target. Drexel Hamilton downgraded the shares of HDS in report on Wednesday, June 7 to "Hold" rating.
03/16/2017 - Franklin Resources, Inc. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. (BEN) shows a multiple tops pattern with $45.86 target or 5.00 % above today's $43.68 share price. The firm has "Underweight" rating by Barclays Capital given on Tuesday, December 8. Deutsche Bank downgraded Franklin Resources, Inc. (NYSE BEN) traded up 0.616% during mid-day trading on Monday, hitting $43.949. Longbow has "Buy" rating and $43 target. Deutsche Bank AG upgraded Franklin Resources from a "sell" rating to a "hold" rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Friday, February 24th.
Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.15, from 0.73 in 2016Q3. 70 funds opened positions while 137 raised stakes. Vident Inv Advisory Limited Liability Corporation owns 0.28% invested in Franklin Resources, Inc. Sfe Investment Counsel, a California-based fund reported 31,580 shares. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. (NYSE:BEN) for 300 shares. FMR LLC raised its stake in Franklin Resources by 2.3% in the first quarter.
Franklin Resources (NYSE:BEN) last released its quarterly earnings data on Friday, April 28th. (NYSE:BEN). Ferguson Wellman Capital invested 0.12% of its portfolio in Franklin Resources, Inc. Piedmont Advisors Lc has 103,565 shares for 0% of their portfolio. United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.03% in Franklin Resources, Inc. Raymond James Associates invested 0.02% in Franklin Resources, Inc. (NYSE:BEN). Raymond James Assoc holds 221,235 shares. Moreover, Southeastern Asset Mngmt Tn has 0.92% invested in Franklin Resources, Inc. Livforsakringsbolaget Skandia Omsesidigt accumulated 16,663 shares. 293 are owned by Cap Guardian.
Since December 16, 2016, it had 0 buys, and 1 insider sale for $73,241 activity. 1,866 shares were sold by LEWIS KENNETH A, worth $73,241. (BEN) stake by 195.77% reported in 2016Q4 SEC filing. It also reduced Citigroup Inc (NYSE:C) stake by 30,000 shares and now owns 40,000 shares. Post Holdings Inc (NYSE:POST) was raised too.
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