TrimTabs Asset Management LLC Has $126,000 Stake in Franklin Resources, Inc. (BEN)

TrimTabs Asset Management LLC increased its stake in shares of Franklin Resources, Inc. (NYSE:BEN) by 88.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,991 shares of the closed-end fund’s stock after buying an additional 1,408 shares during the period. TrimTabs Asset Management LLC’s holdings in Franklin Resources were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Franklin Resources by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,210,421 shares of the closed-end fund’s stock valued at $47,908,000 after buying an additional 4,464 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in shares of Franklin Resources by 7.5% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 139,800 shares of the closed-end fund’s stock valued at $4,973,000 after buying an additional 9,700 shares in the last quarter. GLG Partners LP boosted its position in shares of Franklin Resources by 3.2% in the fourth quarter. GLG Partners LP now owns 65,000 shares of the closed-end fund’s stock valued at $2,573,000 after buying an additional 2,000 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Franklin Resources by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 119,694 shares of the closed-end fund’s stock valued at $5,043,000 after buying an additional 1,550 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Franklin Resources by 0.6% in the fourth quarter. Federated Investors Inc. PA now owns 9,148 shares of the closed-end fund’s stock valued at $362,000 after buying an additional 56 shares in the last quarter. 48.31% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Franklin Resources (NYSE:BEN)

Franklin Resources, Inc. (NYSE:BEN) traded down 0.12% during midday trading on Wednesday, hitting $41.35. The company’s stock had a trading volume of 3,629,917 shares. The company has a market cap of $23.21 billion, a PE ratio of 13.32 and a beta of 1.78. Franklin Resources, Inc. has a 52-week low of $30.56 and a 52-week high of $44.35. The stock has a 50 day moving average of $42.18 and a 200 day moving average of $41.03.

Franklin Resources (NYSE:BEN) last posted its earnings results on Friday, April 28th. The closed-end fund reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Franklin Resources had a return on equity of 13.88% and a net margin of 26.77%. Franklin Resources’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, equities analysts expect that Franklin Resources, Inc. will post $2.90 EPS for the current year.

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Several equities analysts have weighed in on BEN shares. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $32.00 price objective on shares of Franklin Resources in a report on Sunday, February 5th. Morgan Stanley lowered Franklin Resources from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research note on Thursday, March 16th. Deutsche Bank AG lowered Franklin Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. Citigroup Inc lifted their price target on Franklin Resources from $40.00 to $40.50 and gave the company a “neutral” rating in a research note on Wednesday, January 25th. Finally, Bank of America Corp upgraded Franklin Resources from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, March 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Franklin Resources has a consensus rating of “Hold” and a consensus target price of $40.06.

In related news, insider Jennifer M. Johnson sold 16,835 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $43.90, for a total value of $739,056.50. Following the sale, the insider now directly owns 1,521,037 shares of the company’s stock, valued at $66,773,524.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory E. Johnson sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $43.18, for a total value of $1,079,500.00. Following the completion of the sale, the chairman now directly owns 2,162,863 shares in the company, valued at $93,392,424.34. The disclosure for this sale can be found here. 21.60% of the stock is owned by company insiders.

About Franklin Resources

Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.

12 Month Chart for NYSE:BEN

Want to see what other hedge funds are holding BEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Resources, Inc. (NYSE:BEN).

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