Could Franklin Resources Inc (NYSE:BEN) See a Reversal After More Sellers Came In?

May 17, 2018 - By Robert Sims

Franklin Resources, Inc. (NYSE:BEN) Logo

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It improved, as 34 investors sold Franklin Resources, Inc. 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.
Peoples Fincl Corp holds 141 shares. Maryland-based Profund Advsr Ltd Liability Corporation has invested 0.02% in Franklin Resources, Inc. (NYSE:BEN). Gam Hldgs Ag has 57,435 shares for 0.08% of their portfolio. Gateway Investment Advisers Ltd Llc stated it has 17,383 shares. Asset One Company Limited holds 0.06% or 626,754 shares in its portfolio. Wesbanco Savings Bank holds 0.05% or 16,012 shares in its portfolio. Stifel Fincl holds 0.02% or 142,806 shares in its portfolio. Td Asset Mngmt, a Ontario – Canada-based fund reported 117,604 shares. Clifford Swan Counsel Ltd reported 276,271 shares. Blackrock has 22.21 million shares for 0.05% of their portfolio. Macquarie reported 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Sei Company has 0.03% invested in Franklin Resources, Inc. (NYSE:BEN). First Allied Advisory Services reported 19,648 shares or 0.03% of all its holdings. Schroder Inv Mgmt accumulated 0.11% or 1.60 million shares. The New York-based Metropolitan Life Insur New York has invested 0.03% in Franklin Resources, Inc. (NYSE:BEN).

The stock of Franklin Resources Inc (NYSE:BEN) registered an increase of 18.5% in short interest. BEN’s total short interest was 15.15 million shares in May as published by FINRA. Its up 18.5% from 12.78M shares, reported previously. With 4.35 million shares average volume, it will take short sellers 4 days to cover their BEN’s short positions. The short interest to Franklin Resources Inc’s float is 4.68%.

The stock increased 1.07% or $0.36 during the last trading session, reaching $34.01. About 1.28M shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since May 17, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Franklin Resources, Inc. is a publicly owned asset management holding company. The company has market cap of $18.37 billion. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It has a 28.48 P/E ratio. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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

Among 7 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Franklin Resources had 11 analyst reports since December 21, 2017 according to SRatingsIntel. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) on Friday, April 6 with “Hold” rating. The firm earned “Underweight” rating on Tuesday, April 10 by Morgan Stanley. The company was maintained on Wednesday, April 11 by Jefferies. The firm earned “Sell” rating on Thursday, April 5 by Credit Suisse. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Wednesday, January 10 by Jefferies. Bank of America downgraded the shares of BEN in report on Monday, April 9 to “Hold” rating. Deutsche Bank maintained the shares of BEN in report on Tuesday, March 6 with “Hold” rating. On Tuesday, April 10 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Barclays Capital maintained Franklin Resources, Inc. (NYSE:BEN) on Monday, April 23 with “Underweight” rating. The firm has “Hold” rating by Credit Suisse given on Thursday, January 11.

More news for Franklin Resources, Inc. (NYSE:BEN) were recently published by: Globenewswire.com, which released: “Franklin Resources, Inc. Announces Second Quarter Results” on April 26, 2018. Globenewswire.com‘s article titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management” and published on May 08, 2018 is yet another important article.

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

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