Today Franklin Resources, Inc. Had High Bearish Options Activity

 Today Franklin Resources, Inc. Had High Bearish Options Activity

In today’s session Franklin Resources, Inc. (BEN) recorded an unusually high (601) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious BEN decrease. With 601 contracts traded and 13024 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: BEN170120P00030000 closed last at: $0.5 or 11.1% up. About 1.02 million shares traded hands. Franklin Resources, Inc. (NYSE:BEN) has declined 14.00% since March 30, 2016 and is downtrending. It has underperformed by 17.01% the S&P500.

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

Out of 14 analysts covering Franklin Resources Inc. (NYSE:BEN), 0 rate it a “Buy”, 5 “Sell”, while 9 “Hold”. This means 0 are positive. Franklin Resources Inc. has been the topic of 64 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, October 5. The company was maintained on Thursday, April 7 by JP Morgan. The firm has “Sell” rating by UBS given on Thursday, June 2. As per Monday, August 17, the company rating was maintained by Deutsche Bank. As per Tuesday, September 20, the company rating was maintained by Citigroup. Deutsche Bank upgraded the shares of BEN in a report on Wednesday, September 9 to “Buy” rating. Deutsche Bank maintained Franklin Resources, Inc. (NYSE:BEN) rating on Thursday, March 17. Deutsche Bank has “Hold” rating and $35 price target. The firm has “Underweight” rating given on Tuesday, December 8 by Barclays Capital. The stock has “Hold” rating given by Deutsche Bank on Friday, January 8. The rating was maintained by Deutsche Bank with “Hold” on Friday, September 9.

According to Zacks Investment Research, “Franklin Resources provides investment advisory and related services to retail mutual funds, institutional and private accounts, and other investment products globally. Related services include transfer agency, fund administration, custodial, trustee and fiduciary services. The mutual funds and other products that it advise are sold to the public under three brand names: Franklin, Templeton, and Mutual Series.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.02, from 0.82 in 2016Q1. The ratio fall, as 64 funds sold all Franklin Resources, Inc. shares owned while 180 reduced positions. 42 funds bought stakes while 154 increased positions. They now own 275.30 million shares or 7.66% less from 298.13 million shares in 2016Q1.
Loews Corporation accumulated 6,925 shares or 0% of the stock. Burney accumulated 0.13% or 53,018 shares. Wetherby Asset Mngmt Incorporated, a California-based fund reported 15,948 shares. X Limited Liability Company, a New York-based fund reported 1,257 shares. Bnp Paribas Arbitrage holds 0.03% or 166,275 shares in its portfolio. Tiaa Cref Invest Management Lc owns 1.40 million shares or 0.04% of their US portfolio. Robeco Institutional Asset Mngmt Bv has invested 0% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). The Florida-based Ladenburg Thalmann Financial Ser has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). Burgundy Asset Mngmt Ltd last reported 0.01% of its portfolio in the stock. Price Michael F, a New York-based fund reported 117,500 shares. Franklin Resources Inc reported 1.39 million shares or 0.02% of all its holdings. Clark Estates Ny holds 194,700 shares or 1.29% of its portfolio. Chevy Chase Tru has invested 0.06% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Raymond James Financial Services Advsr Inc accumulated 67,951 shares or 0.02% of the stock. Moreover, Marshall Wace Limited Liability Partnership has 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 16,418 shares.

Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 2 selling transactions for $752,868 net activity. Another trade for 15,892 shares valued at $571,967 was sold by JOHNSON JENNIFER M. 5,000 shares with value of $180,901 were sold by Tyle Craig Steven on Wednesday, August 24.

Franklin Resources, Inc. , is a holding company. The company has a market cap of $19.01 billion. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It has a 11.18 P/E ratio. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts.

BEN Company Profile

Franklin Resources, Inc. (Franklin), incorporated on November 28, 1969, is a holding company. Franklin together with its various subsidiaries (collectively, the Company) is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. The Company’s investment management and related services provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts (collectively, its sponsored investment products). The Company’s investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. The Company’s sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products. It also manages certain sub-advised investment products, which may be sold to the public under one of its brand names or that of other companies. Most of the investment funds it manages are open-end mutual funds that offer their shares to investors. It also offers closed-end funds that issue a set number of shares to investors in a public offering and the shares are then traded on a public stock exchange.

Another recent and important Franklin Resources, Inc. (NYSE:BEN) news was published by Wsj.com which published an article titled: “Franklin Resources Profit Rises 32%” on October 26, 2016.

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