Franklin Resources Inc., trading as $BEN, has been subject to numerous changes in holding percentages by several organizations. Among the investors,
Jump Financial LLC bought approx. 199k shares,
Allstate Corp took a $644k position, while
Northern Trust Corp and
Dimensional Fund Advisors LP purchased additional shares. Conversely,
Candriam S.C.A and
Quantbot Technologies LP both sold their shares.
Franklin Resources was downgraded to 'Hold' by Zacks Research and reiterated 'Underweight' by Barclays, but was upgraded to 'Buy' by Goldman Sachs. Franklin's Q3 earnings slightly missed estimates with a revenue beat. Despite these performance outcomes, a new
low-fee Global Index ETFs was launched in Canada, suggesting an innovative turn for the company. In terms of dividends, the company holds a yield above 5%, but has been labeled a
‘potential dividend trap’ to avoid. Insider trading saw an increase with insiders adding US$11.1m to their holdings. However, market response to their earning decline was unfavorable, as evidenced by a 5.7% stock retreat this week.
Franklin Resources BEN News Analytics from Mon, 13 Jan 2025 08:00:00 GMT to Sat, 30 Aug 2025 18:44:31 GMT -
Rating -3
- Innovation 0
- Information -5
- Rumor -2
