Franklin Resources, Inc. (BEN) EPS Estimated At $0.73

Franklin Resources, Inc. (NYSE:BEN) Logo
Investors sentiment increased to 0.83 in 2018 Q3. Its up 0.02, from 0.81 in 2018Q2. It improved, as 47 investors sold Franklin Resources, Inc. shares while 174 reduced holdings. 57 funds opened positions while 126 raised stakes. 235.66 million shares or 1.20% less from 238.53 million shares in 2018Q2 were reported.
Peoples Financial Services reported 30 shares. Haverford Services, Pennsylvania-based fund reported 19,500 shares. Ubs Asset Mgmt Americas owns 1.44 million shares. Insight 2811 reported 26,954 shares. Wilbanks Smith & Thomas Asset Management Llc stated it has 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Assetmark, a California-based fund reported 1,355 shares. 67,028 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Benjamin F Edwards & holds 0.01% or 4,004 shares. Hgk Asset accumulated 179,007 shares or 0.97% of the stock. Auxier Asset Management invested in 140,148 shares or 0.8% of the stock. Ww Asset Management holds 0.04% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 26,499 shares. City holds 0% or 299 shares. Reilly Advsr Ltd Liability has 217 shares. United Automobile Association has invested 0.03% in Franklin Resources, Inc. (NYSE:BEN). Teachers Retirement Sys Of The State Of Kentucky invested in 29,000 shares or 0.01% of the stock.

Since August 31, 2018, it had 0 buys, and 4 sales for $17.59 million activity. Tyle Craig Steven also sold $350,005 worth of Franklin Resources, Inc. (NYSE:BEN) on Monday, December 3. 4,820 shares were sold by Plafker Jed A., worth $158,315.

Analysts expect Franklin Resources, Inc. (NYSE:BEN) to report $0.73 EPS on January, 29.They anticipate $0.15 EPS change or 17.05 % from last quarter’s $0.88 EPS. BEN’s profit would be $373.95 million giving it 10.17 P/E if the $0.73 EPS is correct. After having $0.79 EPS previously, Franklin Resources, Inc.’s analysts see -7.59 % EPS growth. The stock decreased 2.53% or $0.77 during the last trading session, reaching $29.7. About 683,641 shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 21.73% since January 11, 2018 and is downtrending. It has underperformed by 21.73% the S&P500.

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

Among 8 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 5 Sell and 3 Hold. Therefore 0 are positive. Franklin Resources had 12 analyst reports since July 12, 2018 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Monday, October 8. Morgan Stanley maintained it with “Underweight” rating and $32 target in Thursday, July 12 report. Deutsche Bank maintained the shares of BEN in report on Thursday, September 27 with “Hold” rating. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, August 16 with “Hold” rating. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Underperform” rating by Credit Suisse on Friday, October 26. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, August 2 report. The firm has “Underweight” rating given on Monday, July 30 by Barclays Capital. Wells Fargo maintained it with “Market Perform” rating and $34 target in Monday, July 30 report. The stock has “Underperform” rating by Evercore on Tuesday, January 8. On Friday, November 16 the stock rating was maintained by Deutsche Bank with “Hold”.

Franklin Resources, Inc. is a publicly owned asset management holding company. The company has market cap of $15.21 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It has a 21.37 P/E ratio. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

More recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Globenewswire.com which released: “Franklin Resources, Inc. Announces Month-End Assets Under Management – GlobeNewswire” on January 09, 2019. Also Nasdaq.com published the news titled: “Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution – Nasdaq” on January 10, 2019. Seekingalpha.com‘s news article titled: “How Safe Is Franklin Resources’ Dividend? – Seeking Alpha” with publication date: December 12, 2018 was also an interesting one.

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

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