Nisa Investment Advisors LLC lifted its position in shares of Franklin Resources, Inc. (NYSE:BEN – Free Report) by 106.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,941 shares of the closed-end fund’s stock after acquiring an additional 115,360 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Franklin Resources were worth $7,193,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cibc World Market Inc. acquired a new stake in shares of Franklin Resources during the second quarter valued at about $4,418,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Franklin Resources in the first quarter valued at approximately $6,254,000. Deutsche Bank AG acquired a new position in shares of Franklin Resources in the second quarter valued at approximately $37,742,000. Man Group plc acquired a new position in shares of Franklin Resources in the second quarter valued at approximately $2,429,000. Finally, Kinloch Capital LLC bought a new position in Franklin Resources in the 2nd quarter valued at approximately $5,737,000. Institutional investors own 47.56% of the company’s stock.
Franklin Resources Trading Down 0.6%
NYSE BEN opened at $31.49 on Friday. The firm has a market capitalization of $16.00 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 0.57 and a beta of 1.54. The business’s 50-day moving average price is $33.09 and its two-hundred day moving average price is $31.99. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.22. Franklin Resources, Inc. has a 12 month low of $21.10 and a 12 month high of $36.28.
Franklin Resources (NYSE:BEN – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The closed-end fund reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $1.76 billion. Franklin Resources had a return on equity of 11.55% and a net margin of 8.72%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, analysts expect that Franklin Resources, Inc. will post 2.91 EPS for the current year.
Franklin Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Franklin Resources’s dividend payout ratio is currently 89.80%.
Wall Street Analysts Forecast Growth
BEN has been the topic of several recent research reports. Keefe, Bruyette & Woods assumed coverage on shares of Franklin Resources in a research report on Wednesday, September 9th. They set a “hold” rating and a $38.00 target price on the stock. Zacks Research cut shares of Franklin Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Wall Street Zen raised shares of Franklin Resources from a “hold” rating to a “buy” rating in a research note on Sunday, September 27th. Evercore reaffirmed an “underperform” rating and set a $35.00 price target on shares of Franklin Resources in a research note on Friday, July 10th. Finally, Morgan Stanley lifted their price target on shares of Franklin Resources from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.89.
View Our Latest Stock Report on BEN
Franklin Resources Company Profile
Franklin Resources, Inc, operating under the Franklin Templeton name, is a global investment management organization headquartered in San Mateo, California. The company provides investment solutions to individuals, financial professionals, institutions, and other clients worldwide.
Its products and services include mutual funds, exchange-traded funds, separately managed accounts, institutional portfolios, and alternative investment strategies. Through its investment teams and specialist affiliates, Franklin Templeton offers capabilities across equities, fixed income, multi-asset strategies, private markets, real assets, and other areas of asset management.
Franklin Resources was founded in 1947 by Rupert H.
Featured Stories
- Five stocks we like better than Franklin Resources
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Franklin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Resources and related companies with MarketBeat.com's FREE daily email newsletter.
