16,537 Shares in Franklin Resources, Inc. $BEN Bought by iA Global Asset Management Inc.

Posted by Brian Himes on Jul 4th, 2026

iA Global Asset Management Inc. purchased a new stake in Franklin Resources, Inc. (NYSE:BEN – Free Report) in the first quarter, HoldingsChannel.com reports. The fund purchased 16,537 shares of the closed-end fund’s stock, valued at approximately $391,000.

Other large investors have also recently bought and sold shares of the company. Prana Capital Management LP lifted its stake in Franklin Resources by 135.8% during the third quarter. Prana Capital Management LP now owns 860,762 shares of the closed-end fund’s stock worth $19,909,000 after purchasing an additional 495,747 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Franklin Resources by 5.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,065,908 shares of the closed-end fund’s stock worth $232,833,000 after buying an additional 553,184 shares in the last quarter. Board of the Pension Protection Fund lifted its position in shares of Franklin Resources by 413.8% during the 4th quarter. Board of the Pension Protection Fund now owns 66,800 shares of the closed-end fund’s stock worth $1,596,000 after buying an additional 53,800 shares during the last quarter. Kettle Hill Capital Management LLC boosted its stake in Franklin Resources by 45.4% in the third quarter. Kettle Hill Capital Management LLC now owns 747,430 shares of the closed-end fund’s stock valued at $17,288,000 after buying an additional 233,230 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Franklin Resources in the third quarter valued at about $1,948,000. 47.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BEN. Evercore reissued an “underperform” rating and issued a $32.00 target price on shares of Franklin Resources in a report on Monday, June 8th. Wall Street Zen upgraded shares of Franklin Resources from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. TD Cowen boosted their target price on shares of Franklin Resources from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. The Goldman Sachs Group upped their price target on shares of Franklin Resources from $30.50 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research upgraded Franklin Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.67.

Get Our Latest Report on BEN

Franklin Resources Stock Performance

Franklin Resources stock opened at $34.05 on Friday. The business has a 50 day moving average of $31.58 and a 200-day moving average of $27.59. The company has a market capitalization of $17.69 billion, a P/E ratio of 25.99, a P/E/G ratio of 0.88 and a beta of 1.54. Franklin Resources, Inc. has a 1 year low of $21.10 and a 1 year high of $34.55. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.87.

Franklin Resources (NYSE:BEN – Get Free Report) last posted its earnings results on Tuesday, April 28th. The closed-end fund reported $0.71 EPS for the quarter, topping the consensus estimate of $0.55 by $0.16. Franklin Resources had a net margin of 8.12% and a return on equity of 10.58%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.47 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that Franklin Resources, Inc. will post 2.79 earnings per share for the current year.

Franklin Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, June 29th. Franklin Resources’s payout ratio is 100.76%.

Franklin Resources Profile

(Free Report)

Franklin Resources, Inc, doing business as Franklin Templeton, is a global investment management organization that offers a wide range of asset management solutions to institutional and individual investors. The firm’s core focus is on delivering active portfolio management across equities, fixed income, multi-asset strategies and alternative investments. Franklin Templeton’s product lineup includes mutual funds, exchange-traded funds (ETFs), closed-end funds, separately managed accounts and sub-advisory services designed to meet varying risk-return objectives and income needs.

Founded in 1947 by Rupert H.