Among a range of significant events, Franklin Resources Inc. (NYSE: BEN) has seen a range of market activities. An increment on its position was recorded by SG Americas Securities LLC, contesting challenging circumstances to present tempting options. Comparatively, the stock has shown impressive performance, leading to analysts speculating with a bullish stance. QRG Capital Management Inc., Teachers Retirement System of The State of Kentucky, and Cetera Investment Advisers have notably adjusted their holdings of the company shares. Franklin Resources' stock options saw their implied volatility surge, and the company boasting strong institutional backing with approximately 48% ownership.
On the innovation front, Franklin Templeton Money Market Fund was launched on Arbitrum Blockchain, indicating a forward-thinking capacity in the evolving financial landscape. The company's earning and revenue estimates for Q3 surpassed expectations reflecting solid financial strength. However, their Q2 earnings report showed some missed analyst projections. An investment of $10.42 Million was made by AMF Tjanstepension. The company also underwent a price target cut to $26.00 by BMO Capital Markets.
Franklin Resources BEN News Analytics from Sat, 30 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 14:39:06 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 4
