Cutler Capital Management Has Boosted Macquarie Infra (MIC) Holding by $979,200; As Franklin Resources (BEN) Valuation Declined, Holder Gallagher Fiduciary Advisors Has Decreased by $1.97 Million Its Stake

April 23, 2018 - By Richard Conner

Franklin Resources, Inc. (NYSE:BEN) Logo

Cutler Capital Management Llc increased its stake in Macquarie Infra (MIC) by 294.23% based on its latest 2017Q4 regulatory filing with the SEC. Cutler Capital Management Llc bought 15,300 shares as the company’s stock declined 42.74% with the market. The institutional investor held 20,500 shares of the oil refining and marketing company at the end of 2017Q4, valued at $1.32 million, up from 5,200 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Macquarie Infra for a number of months, seems to be bullish on the $3.28 billion market cap company. The stock decreased 0.08% or $0.03 during the last trading session, reaching $38.68. About 1.10M shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since April 23, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Gallagher Fiduciary Advisors Llc decreased its stake in Franklin Resources Inc. (BEN) by 2.44% based on its latest 2017Q4 regulatory filing with the SEC. Gallagher Fiduciary Advisors Llc sold 45,737 shares as the company’s stock declined 14.35% with the market. The institutional investor held 1.83M shares of the finance company at the end of 2017Q4, valued at $79.08M, down from 1.87M at the end of the previous reported quarter. Gallagher Fiduciary Advisors Llc who had been investing in Franklin Resources Inc. for a number of months, seems to be less bullish one the $18.15 billion market cap company. The stock decreased 1.56% or $0.53 during the last trading session, reaching $33.51. About 1.51M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since April 23, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Among 8 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. MacQuarie Infrastructure had 24 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) on Sunday, August 20 with “Buy” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, July 18. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Overweight” rating given on Thursday, February 23 by Barclays Capital. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, March 21 report. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The rating was maintained by RBC Capital Markets on Sunday, October 29 with “Buy”. The firm has “Outperform” rating by Wells Fargo given on Friday, November 18. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 2. The firm has “Neutral” rating given on Thursday, February 22 by JP Morgan. RBC Capital Markets maintained the shares of MIC in report on Tuesday, January 16 with “Buy” rating.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.46 in 2017Q3. It is negative, as 40 investors sold MIC shares while 103 reduced holdings. 53 funds opened positions while 125 raised stakes. 64.11 million shares or 1.58% more from 63.11 million shares in 2017Q3 were reported. Bluemountain Capital Mgmt Limited Liability reported 0.12% in Macquarie Infrastructure Corporation (NYSE:MIC). Loomis Sayles And LP holds 0% or 11,461 shares. Blue Harbour Grp Lp owns 923,911 shares or 2.11% of their US portfolio. University Of Texas Inv Managment owns 0.07% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 300 shares. Fjarde Ap stated it has 0.03% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). New York-based Edge Wealth Management Ltd Liability has invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). Swiss Bancorp invested 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC). Bamco Ny holds 624,519 shares or 0.18% of its portfolio. Biondo Investment Advsr Limited Co accumulated 47,501 shares or 0.77% of the stock. Sumitomo Mitsui Asset accumulated 5,327 shares. Jefferies Lc has 172,940 shares. Caxton Assoc Ltd Partnership holds 0.41% or 130,000 shares. The Pennsylvania-based Vanguard has invested 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC). Columbia Asset, a Michigan-based fund reported 5,555 shares. Steinberg Asset Management holds 80,520 shares or 0.74% of its portfolio.

Cutler Capital Management Llc, which manages about $356.71 million and $252.44M US Long portfolio, decreased its stake in Eqt Corp by 76,500 shares to 8,500 shares, valued at $484,000 in 2017Q4, according to the filing.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on April, 26 before the open. They expect $0.75 earnings per share, up 1.35% or $0.01 from last year’s $0.74 per share. BEN’s profit will be $406.27 million for 11.17 P/E if the $0.75 EPS becomes a reality. After $0.88 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -14.77% negative EPS growth.

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

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It is positive, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. Lpl holds 0% in Franklin Resources, Inc. (NYSE:BEN) or 15,417 shares. Rk Asset Mngmt Limited Liability Corporation has invested 6.29% in Franklin Resources, Inc. (NYSE:BEN). Benjamin F Edwards accumulated 3,652 shares. Renaissance Lc owns 0.08% invested in Franklin Resources, Inc. (NYSE:BEN) for 1.71 million shares. State Street Corp owns 18.59 million shares or 0.06% of their US portfolio. Guinness Asset Mngmt Limited holds 0.07% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 8,040 shares. Citigroup holds 0.01% or 401,376 shares. Bancshares Of New York Mellon Corp holds 0.04% or 3.14 million shares in its portfolio. Atria Invs Ltd Liability Corporation holds 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 5,131 shares. Wells Fargo And Mn holds 0.01% or 1.12M shares in its portfolio. Ally Fincl has invested 1.17% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Millennium Management Ltd Co holds 0.08% in Franklin Resources, Inc. (NYSE:BEN) or 1.34M shares. Shelter Mutual reported 101,210 shares stake. Regions Finance Corp has 0% invested in Franklin Resources, Inc. (NYSE:BEN). Greenwich Wealth Lc invested 0.24% in Franklin Resources, Inc. (NYSE:BEN).

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 have Buy rating, 4 Sell and 12 Hold. Therefore 0 are positive. Franklin Resources Inc. had 95 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley to “Underweight” on Friday, March 17. The company was downgraded on Friday, October 9 by Deutsche Bank. Wells Fargo maintained it with “Market Perform” rating and $48 target in Friday, October 27 report. On Monday, July 31 the stock rating was maintained by UBS with “Neutral”. Citigroup maintained it with “Neutral” rating and $39 target in Tuesday, September 20 report. The rating was maintained by Jefferies on Thursday, August 17 with “Hold”. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Sector Perform” rating given on Thursday, July 30 by RBC Capital Markets. The company was maintained on Friday, October 27 by UBS. Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, February 4 with “Underweight” rating. The firm has “Neutral” rating given on Friday, October 27 by Citigroup.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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