Franklin Resources, Inc. (BEN) Analysts See $0.68 EPS

July 18, 2017 - By Richard Conner

 Franklin Resources, Inc. (BEN) Analysts See $0.68 EPS
Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.15, from 0.73 in 2016Q3. It increased, as 47 investors sold Franklin Resources, Inc. shares while 188 reduced holdings. 70 funds opened positions while 137 raised stakes. 253.61 million shares or 3.60% less from 263.09 million shares in 2016Q3 were reported.
State Treasurer State Of Michigan stated it has 0.05% in Franklin Resources, Inc. (NYSE:BEN). Cubist Systematic Strategies Ltd Limited Liability Company owns 20,012 shares or 0.06% of their US portfolio. Mitsubishi Ufj Tru Banking Corp stated it has 777,179 shares. Carroll accumulated 1,056 shares. Marshall Wace Llp holds 123,652 shares or 0.03% of its portfolio. Axa has 85,800 shares. Ally Financial holds 0.83% in Franklin Resources, Inc. (NYSE:BEN) or 125,000 shares. Dynamic Capital Management Limited accumulated 0.68% or 161,049 shares. Parkwood Lc reported 43,843 shares. Capstone Asset Management Co accumulated 37,615 shares. Federated Investors Pa has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Arrowpoint Asset Management Llc has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). South Dakota Investment Council invested in 0.28% or 335,387 shares. Teachers Retirement Systems Of The State Of Kentucky accumulated 42,300 shares. Northwest Counselors Ltd stated it has 42,077 shares.

Wall Street await Franklin Resources, Inc. (NYSE:BEN) to release earnings on July, 27. Analysts forecast EPS of $0.68, down exactly $0.09 or 11.69 % from 2014’s $0.77 EPS. The expected BEN’s profit could reach $381.33 million giving the stock 16.97 P/E in the case that $0.68 earnings per share is reported. After posting $0.74 EPS for the previous quarter, Franklin Resources, Inc.’s analysts now forecast -8.11 % negative EPS growth. The stock decreased 0.26% or $0.12 during the last trading session, reaching $46.15. About 1.75M shares traded. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since July 18, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.

Franklin Resources, Inc. (NYSE:BEN) Ratings Coverage

Among 15 analysts covering Franklin Resources Inc. (NYSE:BEN), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. Franklin Resources Inc. had 76 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Friday, March 17 by Morgan Stanley. The firm has “Neutral” rating by Bank of America given on Wednesday, November 9. Susquehanna maintained Franklin Resources, Inc. (NYSE:BEN) rating on Thursday, September 3. Susquehanna has “Neutral” rating and $45 target. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by JP Morgan on Thursday, April 7. Citigroup maintained Franklin Resources, Inc. (NYSE:BEN) on Thursday, September 10 with “Neutral” rating. As per Wednesday, March 9, the company rating was maintained by Barclays Capital. Bank of America upgraded the shares of BEN in report on Thursday, March 16 to “Buy” rating. Citigroup maintained it with “Neutral” rating and $40 target in Friday, July 29 report. Keefe Bruyette & Woods maintained Franklin Resources, Inc. (NYSE:BEN) on Wednesday, July 5 with “Hold” rating.

Franklin Resources, Inc. is a holding company. The company has market cap of $25.88 billion. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It has a 14.86 P/E ratio. It is a global investment management firm that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.

More news for Franklin Resources, Inc. (NYSE:BEN) were recently published by: Globenewswire.com, which released: “Franklin Resources, Inc. to Announce Third Quarter Results on July 28, 2017” on July 05, 2017. Globenewswire.com‘s article titled: “Franklin Universal Trust Declares Monthly Distribution” and published on July 17, 2017 is yet another important article.

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