Shelton Capital Management Has Decreased Its Franklin Res INC (BEN) Holding as Stock Price Declined

June 14, 2018 - By Paula Hilliard

Franklin Resources, Inc. (NYSE:BEN) LogoInvestors sentiment decreased to 0.82 in Q1 2018. Its down 0.03, from 0.85 in 2017Q4. It dropped, as 56 investors sold BEN shares while 176 reduced holdings. 52 funds opened positions while 139 raised stakes. 244.47 million shares or 1.22% less from 247.49 million shares in 2017Q4 were reported. Rothschild Inv Il has 0.03% invested in Franklin Resources, Inc. (NYSE:BEN). Advsrs Asset Mngmt Incorporated holds 0% or 948 shares in its portfolio. Conning Inc holds 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 8,316 shares. Moreover, Evercore Wealth Management Limited Liability Corporation has 0.02% invested in Franklin Resources, Inc. (NYSE:BEN). Alps Advisors has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Boston Private Wealth Ltd Liability stated it has 0.02% in Franklin Resources, Inc. (NYSE:BEN). Peninsula Asset Mngmt holds 41,900 shares. Sumitomo Mitsui Asset Mngmt Limited holds 23,864 shares or 0.01% of its portfolio. Netherlands-based Apg Asset Nv has invested 0.21% in Franklin Resources, Inc. (NYSE:BEN). Baldwin Brothers Incorporated Ma holds 0.01% or 925 shares in its portfolio. 19,500 are owned by Haverford Financial. Shelter Insurance Retirement Plan holds 0.98% or 60,700 shares. 64,154 were reported by Gargoyle Invest Advisor Limited Liability Company. Axa has 0.03% invested in Franklin Resources, Inc. (NYSE:BEN) for 247,505 shares. Sg Americas Secs Limited Liability invested in 0.02% or 59,873 shares.

Shelton Capital Management decreased its stake in Franklin Res Inc (BEN) by 46.9% based on its latest 2018Q1 regulatory filing with the SEC. Shelton Capital Management sold 168,833 shares as the company’s stock declined 7.18% with the market. The institutional investor held 191,167 shares of the finance company at the end of 2018Q1, valued at $6.63M, down from 360,000 at the end of the previous reported quarter. Shelton Capital Management who had been investing in Franklin Res Inc for a number of months, seems to be less bullish one the $17.90B market cap company. The stock decreased 0.63% or $0.21 during the last trading session, reaching $33.14. About 2.60 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 11.32% since June 14, 2017 and is downtrending. It has underperformed by 23.89% the S&P500.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.76 earnings per share, up 4.11 % or $0.03 from last year’s $0.73 per share. BEN’s profit will be $410.55 million for 10.90 P/E if the $0.76 EPS becomes a reality. After $0.78 actual earnings per share reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.56 % negative EPS growth.

More recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Seekingalpha.com which released: “Trading Mistake 10 – Keep It Simple, Stupid” on June 12, 2018. Also Globenewswire.com published the news titled: “Franklin Resources, Inc. Announces Month-End Assets Under Management” on June 11, 2018. Globenewswire.com‘s news article titled: “Franklin Templeton Lists Three New Fixed Income Active ETFs” with publication date: June 04, 2018 was also an interesting one.

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. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The rating was maintained by Credit Suisse with “Sell” on Thursday, April 5. Morgan Stanley maintained the stock with “Underweight” rating in Tuesday, April 10 report. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Thursday, January 11 by Credit Suisse. The firm earned “Hold” rating on Tuesday, March 6 by Deutsche Bank. On Monday, April 23 the stock rating was maintained by Barclays Capital with “Underweight”. Jefferies maintained Franklin Resources, Inc. (NYSE:BEN) rating on Wednesday, April 11. Jefferies has “Hold” rating and $3600 target. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 10. Jefferies maintained it with “Hold” rating and $43.0 target in Wednesday, January 10 report. The rating was maintained by Deutsche Bank on Friday, April 6 with “Hold”.

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

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