Griffin Asset Management, as well as other major players, have increased their position in
Franklin Resources, Inc., even amidst some highly divisive opinion. Despite the recent underperforming stock value, others are choosing to buy back into Franklin Resources. Meanwhile,
Hennion & Walsh Asset Management has chosen to go the other way, selling 1826 shares. Intriguingly,
Charles B. Johnson, a major shareholder, bought 200,000 shares of the stock. Franklin Resources has announced plans to increase its dividend to $0.30. Several other groups, like
Sound Income Strategies LLC and American International Group Inc., have also boosted their holdings. Franklin Resources has been extending its reach into the private investing sector as the mutual-fund business experiences marked contraction. Although disappointing in some quarters, the company's Q2 earnings were particularly exciting due to immense anticipation of strategic expansion.
Franklin Templeton has launched tax-managed active and passive SMAs at UBS powered by Canvas Custom, even though an insider lowered their holding by 90% over the last year. Despite Earnings misses, the company appeared optimistic, with forecasts indicating potential upward adjustments.
Alaska Permanent Fund Corp and
Nomura Holdings Inc. are among new buyers of Franklin Resources, while
Vanguard Group Inc. reduced its holdings. The stock displays a strong institutional backing at 48%. Lastly, they have continued AUM reveals and undertaken executive changes alongside stock plan expansion.
Franklin Resources BEN News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Sun, 30 Jun 2024 19:21:14 GMT -
Rating 0
- Innovation -2
- Information 4
- Rumor -6
