Franklin Resources (BEN) offers a mixed bag of news lately. Several investors and firms, including Metis Global Partners LLC and National Bank of Canada FI, sold their BEN shares, causing sentiment to darken. Goldman Sachs also maintained its sell recommendation for BEN. However, high volumes of call options have been purchased on Franklin Resources. Recent institutional transactions include New York Life Investment Management and International Assets Investment Management buying BEN shares and Los Angeles Capital Management taking a position. Despite this, Franklin Resources' Assets Under Management (AUM) fell by 2.5% in April, negatively impacted by market action. Furthermore, BEN's Q2 earnings fell short of analysts' expectations amid strategic expansions. Diving into the financials, the company observed a revenue beat but mounting expenses. Moreover, insider holdings were reduced by 90% in the last year. However, BEN still holds strong institutional backing with 48% ownership. With other investment choices available, Franklin Resources remains a question mark; is it undervalued, a robust choice, or a potential dip purchase opportunity?
Franklin Resources BEN News Analytics from Tue, 27 Jun 2023 07:00:00 GMT to Sun, 12 May 2024 11:18:47 GMT -
Rating -5
- Innovation 0
- Information 5
- Rumor 0
