Cbre Clarion Securities Lowered Targa Resources Corp. (TRGP) Holding by $1.63 Million; Stock Price Declined; As Franklin Res (BEN) Stock Price Declined, Holder Shell Asset Management Co Has Decreased Stake by $330,352

February 22, 2018 - By Winifred Garcia

Cbre Clarion Securities Llc decreased its stake in Targa Resources Corp. (TRGP) by 36.07% based on its latest 2017Q3 regulatory filing with the SEC. Cbre Clarion Securities Llc sold 34,613 shares as the company’s stock declined 13.24% while stock markets rallied. The institutional investor held 61,346 shares of the public utilities company at the end of 2017Q3, valued at $2.90M, down from 95,959 at the end of the previous reported quarter. Cbre Clarion Securities Llc who had been investing in Targa Resources Corp. for a number of months, seems to be less bullish one the $10.23 billion market cap company. The stock decreased 2.12% or $1.01 during the last trading session, reaching $46.74. About 2.69 million shares traded or 33.66% up from the average. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since February 22, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Shell Asset Management Co decreased its stake in Franklin Res Inc (BEN) by 32.91% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co sold 7,508 shares as the company’s stock declined 1.15% while stock markets rallied. The institutional investor held 15,303 shares of the finance company at the end of 2017Q3, valued at $681,000, down from 22,811 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Franklin Res Inc for a number of months, seems to be less bullish one the $21.56 billion market cap company. The stock increased 0.54% or $0.21 during the last trading session, reaching $39.07. About 3.43M shares traded or 18.55% up from the average. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since February 22, 2017 and is uptrending. It has outperformed by 2.70% the S&P500.

Shell Asset Management Co, which manages about $4.50 billion US Long portfolio, upped its stake in Cintas Corp (NASDAQ:CTAS) by 14,427 shares to 72,890 shares, valued at $10.52 million in 2017Q3, according to the filing. It also increased its holding in Mattel Inc (NASDAQ:MAT) by 53,283 shares in the quarter, for a total of 492,605 shares, and has risen its stake in Trimble Inc (NASDAQ:TRMB).

Investors sentiment increased to 0.84 in 2017 Q3. Its up 0.02, from 0.82 in 2017Q2. It is positive, as 39 investors sold BEN shares while 185 reduced holdings. 43 funds opened positions while 146 raised stakes. 240.11 million shares or 1.59% less from 243.98 million shares in 2017Q2 were reported. Novare Ltd Limited Liability Company has 87,341 shares. Riverhead Mngmt Limited Liability holds 0.13% or 64,548 shares in its portfolio. Sandy Spring Retail Bank accumulated 600 shares. Japan-based Fukoku Mutual Life Ins has invested 0.02% in Franklin Resources, Inc. (NYSE:BEN). Rhumbline Advisers holds 0.07% in Franklin Resources, Inc. (NYSE:BEN) or 720,457 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 0.16% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Smith Asset Mngmt Gp Limited Partnership holds 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 230 shares. Select Equity Gru Limited Partnership has 0.22% invested in Franklin Resources, Inc. (NYSE:BEN). Boston Private Wealth Lc holds 0.02% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 13,289 shares. Gulf Interest Financial Bank (Uk) Ltd accumulated 103,706 shares. Adirondack Tru Co owns 0.01% invested in Franklin Resources, Inc. (NYSE:BEN) for 150 shares. Moreover, Apg Asset Mgmt Nv has 0.29% invested in Franklin Resources, Inc. (NYSE:BEN). Moreover, State Of Wisconsin Investment Board has 0.07% invested in Franklin Resources, Inc. (NYSE:BEN). Tudor Invest Et Al reported 0.03% in Franklin Resources, Inc. (NYSE:BEN). Barclays Public Limited Com reported 249,984 shares stake.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on April, 27. They expect $0.78 EPS, up 5.41% or $0.04 from last year’s $0.74 per share. BEN’s profit will be $430.33 million for 12.52 P/E if the $0.78 EPS becomes a reality. After $0.88 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -11.36% negative EPS growth.

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 1 have Buy rating, 3 Sell and 12 Hold. Therefore 6% are positive. Franklin Resources Inc. has $58 highest and $1 lowest target. $39.53’s average target is 1.18% above currents $39.07 stock price. Franklin Resources Inc. had 88 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, January 10, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Thursday, August 17 by Jefferies. The stock has “Hold” rating by Jefferies on Wednesday, June 28. As per Monday, July 11, the company rating was maintained by Jefferies. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, June 1. On Friday, July 29 the stock rating was maintained by Keefe Bruyette & Woods with “Market Perform”. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, August 9 report. The firm has “Hold” rating by Deutsche Bank given on Friday, October 9. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 5. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by JP Morgan on Monday, October 5.

Since October 30, 2017, it had 0 insider buys, and 2 selling transactions for $4.61 million activity.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.32, from 1.56 in 2017Q2. It fall, as 33 investors sold TRGP shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported. Cwm Ltd Com invested in 700 shares. Cornerstone Advisors owns 85 shares. Signaturefd Limited Liability Corporation reported 0.14% stake. Fidelity holds 67,959 shares or 0.7% of its portfolio. Citadel Advisors Ltd Company stated it has 0.04% in Targa Resources Corp. (NYSE:TRGP). Advisory accumulated 2.40M shares. Bnp Paribas Asset Holdg accumulated 0% or 5,546 shares. Catalyst Capital Advisors invested 0.7% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Baldwin Brothers Ma stated it has 15,278 shares. 116,689 are held by Walnut Private Equity Prtnrs Lc. The Massachusetts-based Rhumbline Advisers has invested 0.02% in Targa Resources Corp. (NYSE:TRGP). Moreover, Avalon Advsrs Llc has 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 7,145 shares. Comerica Bank accumulated 31,731 shares. Stifel Financial Corp accumulated 0.01% or 88,810 shares. Korea Investment Corporation reported 1,948 shares or 0% of all its holdings.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Targa Resources has $110 highest and $24 lowest target. $56.12’s average target is 20.07% above currents $46.74 stock price. Targa Resources had 83 analyst reports since August 5, 2015 according to SRatingsIntel. As per Thursday, July 13, the company rating was downgraded by Deutsche Bank. The company was maintained on Tuesday, February 6 by Citigroup. Jefferies maintained Targa Resources Corp. (NYSE:TRGP) on Friday, January 12 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, April 5. Stifel Nicolaus maintained it with “Buy” rating and $6300 target in Monday, June 26 report. On Thursday, February 16 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was upgraded by Jefferies to “Buy” on Thursday, January 14. The stock has “Buy” rating by Stifel Nicolaus on Friday, February 16. Jefferies maintained Targa Resources Corp. (NYSE:TRGP) rating on Tuesday, March 22. Jefferies has “Buy” rating and $34 target. Raymond James upgraded the shares of TRGP in report on Friday, May 5 to “Strong Buy” rating.

Cbre Clarion Securities Llc, which manages about $22.77 billion and $9.03B US Long portfolio, upped its stake in Kimco Realty Corp. (NYSE:KIM) by 2.72M shares to 12.64M shares, valued at $247.18M in 2017Q3, according to the filing. It also increased its holding in Cheniere Energy Partners L.P. (NYSEMKT:CQP) by 24,850 shares in the quarter, for a total of 108,435 shares, and has risen its stake in Hudson Pacific Properties (NYSE:HPP).

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