Tudor Investment Corp ET AL Has $5.74 Million Stock Holdings in Franklin Resources, Inc. (NYSE:BEN)

Tudor Investment Corp ET AL reduced its stake in Franklin Resources, Inc. (NYSE:BEN - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 282,953 shares of the closed-end fund's stock after selling 1,391,579 shares during the period. Tudor Investment Corp ET AL owned 0.05% of Franklin Resources worth $5,741,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GeoWealth Management LLC grew its stake in Franklin Resources by 350.4% in the 4th quarter. GeoWealth Management LLC now owns 1,261 shares of the closed-end fund's stock valued at $26,000 after buying an additional 981 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Franklin Resources by 44.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,641 shares of the closed-end fund's stock valued at $33,000 after purchasing an additional 505 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Franklin Resources during the fourth quarter worth approximately $34,000. Principal Securities Inc. lifted its holdings in Franklin Resources by 561.1% during the 4th quarter. Principal Securities Inc. now owns 1,957 shares of the closed-end fund's stock worth $40,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its stake in Franklin Resources by 30.2% in the 3rd quarter. Anchor Investment Management LLC now owns 2,604 shares of the closed-end fund's stock valued at $52,000 after purchasing an additional 604 shares during the period. 47.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BEN has been the topic of several recent research reports. Barclays lowered their price objective on Franklin Resources from $22.00 to $17.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. TD Cowen dropped their price objective on shares of Franklin Resources from $20.00 to $17.50 and set a "hold" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group decreased their target price on shares of Franklin Resources from $21.50 to $19.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods raised their target price on shares of Franklin Resources from $19.00 to $21.00 and gave the stock an "underperform" rating in a report on Monday, February 3rd. Finally, Evercore ISI cut their price target on Franklin Resources from $19.00 to $17.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $18.96.

Franklin Resources Price Performance

Shares of Franklin Resources stock traded up $1.30 during trading on Friday, reaching $20.04. 8,989,465 shares of the company's stock were exchanged, compared to its average volume of 4,270,856. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.66. Franklin Resources, Inc. has a 1-year low of $16.25 and a 1-year high of $24.86. The company has a market cap of $10.53 billion, a P/E ratio of 30.83, a PEG ratio of 2.31 and a beta of 1.36. The firm's 50-day moving average price is $18.96 and its 200 day moving average price is $20.20.

Franklin Resources (NYSE:BEN - Get Free Report) last issued its earnings results on Friday, May 2nd. The closed-end fund reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Franklin Resources had a return on equity of 9.45% and a net margin of 4.32%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business's quarterly revenue was down 6.2% on a year-over-year basis. As a group, research analysts anticipate that Franklin Resources, Inc. will post 2.16 earnings per share for the current year.

Franklin Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.28 dividend on an annualized basis and a yield of 6.39%. Franklin Resources's dividend payout ratio is currently 196.92%.

Franklin Resources Company Profile

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.