Franklin Resources, Inc. (NYSE:BEN) went up to recover about 26.99% since recording its record low price of $27.34. The stock experienced 1.19% jump, arriving at $34.72 on 6/27/2019. During the day, the stock price traveled from $33.87 to $34.47. This company shares are -9.27% up from its target price of $31.5 and the current market capitalization stands at $17.78B. The recent change has given its price a 2.62% lead over SMA 50 and -3.07% deficit over its 52-week high. The stock witnessed 5.31% gains, 5.53% gains and 19.97% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BEN’s volatility during a week at 1.6% and during a month it has been found around 1.69%.
What Does Franklin Resources, Inc. (BEN) Do?
The company describes itself in regulatory filings as, “Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners. The company was founded by Rupert H. Johnson, Sr. in 1947 and is headquartered in San Mateo, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/BEN/profile under company description.]Franklin Resources, Inc. (BEN) Top Holders
Institutional investors currently hold around $8.57 billion or 51.1% in BEN stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.12 billion in Franklin Resources, Inc., which represents roughly 6.29% of the company’s market cap and approximately 13.05% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 23,027,996 shares of the stock are valued at $790.09 million. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $752.8 million worth of this stock and that ownership represents nearly 4.23% of its market capitalization.Franklin Resources, Inc. 13F Filings
At the end of March reporting period, 261 institutional holders increased their position in Franklin Resources, Inc. (NYSE:BEN) by some 18,014,421 shares, 252 decreased positions by 21,394,153 and 99 held positions by 210,296,662. That puts total institutional holdings at 249,705,236 shares, according to SEC filings. The stock grabbed 62 new institutional investments totaling 3,164,786 shares while 64 institutional investors sold out their entire positions totaling 5,797,449 shares.Franklin Resources, Inc. (NYSE:BEN) Insider Trades
Multiple company employees have indulged in significant insider trading. Franklin Resources, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Gen. Counsel & Secretary Tyle Craig Steven has sold 10,924 shares of Franklin Resources, Inc. (BEN) in the trading session dated Jun. 03, 2019. These shares are worth $350,005 and were traded at $32.04 each. The SEC filing shows that Tyle Craig Steven performed a sale of 10,663 shares. The EVP and General Counsel disposed these shares by way of transaction on Mar. 01, 2019. The company’s shares were given away at $32.82 per share worth to an income of some $349,960 to the account of Tyle Craig Steven.
EVP and General Counsel, Tyle Craig Steven, sold 10,216 common shares of Franklin Resources, Inc. (BEN) in the open market. In a transaction dated Dec. 03, 2018, the shares were put up for sale at an average price of $34.26, raking in a sum of $350,000. After this sale, 125,307 common shares of BEN are directly owned by the insider, with total stake valued at $4,350,661.
In the transaction dated Nov. 23, 2018, a great number of shares sold came courtesy the Vice Chairman, 10% Owner; JOHNSON RUPERT H JR disposed a total of 516,000 shares at an average price of $32.42, amounting to approximately $16,728,720. The insider now directly owns 104,251,450 shares worth $3,620,000,000.Franklin Resources, Inc. (BEN) Analyst Guide
Several analysts have released their opinion on Franklin Resources, Inc. (NYSE:BEN), with 1 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 8 sell and 0 strong sell ratings, collectively assigning a 3.43 average brokerage recommendation [T1].