How Analysts Rated Franklin Resources, Inc. (NYSE:BEN) Last Week?

September 16, 2018 - By Clifton Ray

Franklin Resources, Inc. (NYSE:BEN) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.01, from 0.82 in 2018Q1. It worsened, as 42 investors sold Franklin Resources, Inc. shares while 185 reduced holdings. 51 funds opened positions while 133 raised stakes. 238.53 million shares or 2.43% less from 244.47 million shares in 2018Q1 were reported.
Zurcher Kantonalbank (Zurich Cantonalbank) owns 67,028 shares. Australia-based Macquarie Gp Limited has invested 0% in Franklin Resources, Inc. (NYSE:BEN). The Kentucky-based Kentucky Retirement has invested 0.04% in Franklin Resources, Inc. (NYSE:BEN). Cadence Cap Ltd Liability Corporation has 0.06% invested in Franklin Resources, Inc. (NYSE:BEN) for 30,914 shares. Prudential stated it has 0.06% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). First Quadrant Ltd Partnership Ca holds 0% or 900 shares in its portfolio. Ohio-based Gateway Investment Advisers Lc has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Brown Advisory reported 14,802 shares stake. Teachers Retirement Systems Of The State Of Kentucky invested in 35,000 shares. The Texas-based Texas Permanent School Fund has invested 0.03% in Franklin Resources, Inc. (NYSE:BEN). Loews reported 0% stake. Oregon-based Ferguson Wellman Capital Mngmt Inc has invested 0.08% in Franklin Resources, Inc. (NYSE:BEN). 3,104 are held by Benjamin F Edwards & Co. Douglass Winthrop Advsr Limited Liability holds 0.19% in Franklin Resources, Inc. (NYSE:BEN) or 130,878 shares. Nuveen Asset Limited Com, Illinois-based fund reported 9,013 shares.

Since August 31, 2018, it had 0 buys, and 1 insider sale for $350,004 activity.

Franklin Resources, Inc. (NYSE:BEN) Ratings Coverage

Among 9 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 4 Sell and 5 Hold. Therefore 0 are positive. Franklin Resources has $3700 highest and $29 lowest target. $33.22’s average target is 4.07% above currents $31.92 stock price. Franklin Resources had 13 analyst reports since April 6, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, August 2. The company was maintained on Monday, April 23 by Barclays Capital. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Underweight” rating by Morgan Stanley on Tuesday, April 10. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Market Perform” rating given on Monday, July 30 by Wells Fargo. Credit Suisse maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, April 5 with “Sell” rating. Jefferies maintained Franklin Resources, Inc. (NYSE:BEN) rating on Wednesday, April 11. Jefferies has “Hold” rating and $3600 target. The company was maintained on Thursday, August 16 by Deutsche Bank. The firm earned “Hold” rating on Friday, April 6 by Deutsche Bank. Bank of America downgraded the stock to “Hold” rating in Monday, April 9 report. JP Morgan downgraded the stock to “Underweight” rating in Thursday, September 6 report. Below is a list of Franklin Resources, Inc. (NYSE:BEN) latest ratings and price target changes.

06/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Old Target: $32 New Target: $29 Downgrade
16/08/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $33 New Target: $32 Maintain
02/08/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $32 New Target: $30 Maintain
30/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $35 New Target: $34 Maintain
30/07/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $32 New Target: $30 Maintain
12/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $33 New Target: $32 Maintain
23/04/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $40 New Target: $32 Maintain
11/04/2018 Broker: Jefferies Rating: Hold New Target: $36.0000 Maintain
10/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $37.0000 Maintain
10/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $42 New Target: $35 Maintain

The stock increased 1.88% or $0.59 during the last trading session, reaching $31.92. About 2.37 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 19.28% since September 16, 2017 and is downtrending. It has underperformed by 34.90% the S&P500.

Franklin Resources, Inc. is a publicly owned asset management holding company. The company has market cap of $16.82 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It has a 26.19 P/E ratio. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

Another recent and important Franklin Resources, Inc. (NYSE:BEN) news was published by Globenewswire.com which published an article titled: “Franklin Resources, Inc. Announces Quarterly Dividend” on August 28, 2018.

Franklin Resources, Inc. (NYSE:BEN) Institutional Positions Chart

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