Foundation Resource Management INC Increased Its Franklin Res INC (BEN) Stake by $8.76 Million

Franklin Resources, Inc. (NYSE:BEN) LogoInvestors sentiment decreased to 0.75 in 2018 Q4. Its down 0.08, from 0.83 in 2018Q3. It turned negative, as 43 investors sold BEN shares while 181 reduced holdings. 55 funds opened positions while 112 raised stakes. 242.74 million shares or 3.00% more from 235.66 million shares in 2018Q3 were reported. Highfields Capital LP holds 2.41M shares or 3.66% of its portfolio. 47,787 were accumulated by Us Savings Bank De. Cwm Limited Liability Co reported 1,772 shares. Abrams Capital Mngmt LP has 10.04 million shares. City Holdings Com holds 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 210 shares. North Star Asset Mgmt invested 0.19% in Franklin Resources, Inc. (NYSE:BEN). Group Inc One Trading Ltd Partnership invested 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Capital Counsel holds 0.51% or 39,229 shares in its portfolio. Osborne Ptnrs Cap Mgmt Lc owns 40,147 shares. State Teachers Retirement Systems invested in 0.03% or 396,516 shares. Gateway Inv Advisers Ltd accumulated 0% or 12,363 shares. Fincl Bank Of Ny Mellon Corp, New York-based fund reported 4.90 million shares. Convergence Investment Prtn Llc reported 41,469 shares stake. Price Michael F owns 236,230 shares. Sei Co reported 189,911 shares.

Since November 23, 2018, it had 0 insider purchases, and 2 selling transactions for $17.08 million activity. JOHNSON RUPERT H JR had sold 516,000 shares worth $16.73 million.

Foundation Resource Management Inc increased its stake in Franklin Res Inc (BEN) by 142.32% based on its latest 2018Q4 regulatory filing with the SEC. Foundation Resource Management Inc bought 302,195 shares as the company’s stock declined 3.25% while stock markets rallied. The institutional investor held 514,536 shares of the finance company at the end of 2018Q4, valued at $15.26M, up from 212,341 at the end of the previous reported quarter. Foundation Resource Management Inc who had been investing in Franklin Res Inc for a number of months, seems to be bullish on the $17.28 billion market cap company. The stock increased 1.32% or $0.44 during the last trading session, reaching $34.03. About 1.37 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.07% since May 8, 2018 and is downtrending. It has underperformed by 12.44% the S&P500.

More notable recent Franklin Resources, Inc. (NYSE:BEN) news were published by: Benzinga.com which released: “Earnings Scheduled For April 26, 2019 – Benzinga” on April 26, 2019, also Globenewswire.com with their article: “Franklin Resources, Inc. Announces Quarterly Dividend NYSE:BEN – GlobeNewswire” published on February 12, 2019, Techcrunch.com published: “Pinterest is up more than 25% in its first day of trading – TechCrunch” on April 18, 2019. More interesting news about Franklin Resources, Inc. (NYSE:BEN) were released by: Seekingalpha.com and their article: “Franklin Resources declares $0.26 dividend – Seeking Alpha” published on December 11, 2018 as well as Globenewswire.com‘s news article titled: “Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution – GlobeNewswire” with publication date: April 11, 2019.

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

Among 6 analysts covering Franklin Resources (NYSE:BEN), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. Franklin Resources had 11 analyst reports since November 16, 2018 according to SRatingsIntel. The company was maintained on Friday, November 16 by Deutsche Bank. The firm has “Underperform” rating by Evercore given on Tuesday, January 8. The rating was downgraded by Bank of America to “Underperform” on Friday, January 11. Citigroup maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, March 14 with “Sell” rating. The firm has “Neutral” rating by Citigroup given on Monday, April 15. The firm has “Sell” rating given on Tuesday, February 19 by Barclays Capital. On Monday, February 25 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

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

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