Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Franklin Financial Services Corp. $FRAF

Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin Financial Services Corp. (NASDAQ:FRAFFree Report) by 391,773.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,125,574 shares of the company’s stock after buying an additional 16,121,459 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 3.60% of Franklin Financial Services worth $809,504,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in shares of Franklin Financial Services by 56.7% during the 4th quarter. Ritholtz Wealth Management now owns 9,288 shares of the company’s stock valued at $466,000 after buying an additional 3,359 shares in the last quarter. Daytona Street Capital LLC purchased a new position in shares of Franklin Financial Services during the 4th quarter valued at $251,000. Stonebridge Financial Group LLC lifted its stake in shares of Franklin Financial Services by 21.4% during the 4th quarter. Stonebridge Financial Group LLC now owns 5,990 shares of the company’s stock valued at $301,000 after buying an additional 1,054 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Franklin Financial Services during the 3rd quarter valued at $221,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Franklin Financial Services by 84.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 950 shares of the company’s stock valued at $44,000 after buying an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 24.80% of the company’s stock.

Franklin Financial Services Stock Performance

Shares of NASDAQ FRAF opened at $54.41 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.91 and a current ratio of 0.93. The company has a market cap of $244.30 million, a P/E ratio of 10.19 and a beta of -0.01. The firm’s fifty day moving average is $53.60 and its two-hundred day moving average is $51.73. Franklin Financial Services Corp. has a 52-week low of $33.44 and a 52-week high of $60.00.

Franklin Financial Services (NASDAQ:FRAFGet Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.14. Franklin Financial Services had a net margin of 17.73% and a return on equity of 14.13%. The firm had revenue of $23.88 million for the quarter, compared to the consensus estimate of $23.30 million.

Franklin Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 1st will be issued a $0.34 dividend. This is a boost from Franklin Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.5%. Franklin Financial Services’s payout ratio is presently 25.47%.

Analyst Ratings Changes

A number of brokerages have issued reports on FRAF. Wall Street Zen upgraded shares of Franklin Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Franklin Financial Services in a report on Monday, April 27th. Finally, Hovde Group lifted their price target on shares of Franklin Financial Services from $59.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $64.00.

Read Our Latest Report on Franklin Financial Services

About Franklin Financial Services

(Free Report)

Franklin Financial Services, Inc (NASDAQ: FRAF) is a U.S.‐listed specialty finance company that makes and acquires secured loans, with a focus on asset-based lending and mortgage warehouse financing. Through its wholly owned subsidiary, FFS Investment Company, a Maryland corporation regulated as a business development company under the Investment Company Act of 1940, Franklin Financial provides revolving lines of credit, term loans and other credit facilities secured primarily by residential and commercial mortgage loans, receivables and inventory.

Further Reading

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Institutional Ownership by Quarter for Franklin Financial Services (NASDAQ:FRAF)

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