Franklin Resources, Inc. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Franklin Resources, Inc. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Franklin Resources, Inc. (BEN) registered an unusually high (304) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BEN increase. With 304 contracts traded and 10064 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BEN161216C00040000 closed last at: $0.95 or 72.7% up. About 239,354 shares traded hands. Franklin Resources, Inc. (NYSE:BEN) has declined 2.43% since April 14, 2016 and is downtrending. It has underperformed by 7.12% 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”, 4 “Sell”, while 10 “Hold”. This means 0 are positive. Franklin Resources Inc. has been the topic of 67 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Neutral” rating given on Monday, October 5 by JP Morgan. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Monday, July 11 by Jefferies. The firm has “Neutral” rating given on Wednesday, November 9 by Bank of America. The firm has “Underweight” rating by Barclays Capital given on Thursday, February 4. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Underweight” rating by Barclays Capital on Wednesday, March 9. The rating was downgraded by Credit Suisse to “Underperform” on Monday, January 4. The stock of Franklin Resources, Inc. (NYSE:BEN) earned “Neutral” rating by JP Morgan on Thursday, April 7. Barclays Capital downgraded Franklin Resources, Inc. (NYSE:BEN) on Tuesday, December 8 to “Underweight” rating. Susquehanna maintained the shares of BEN in a report on Thursday, September 3 with “Neutral” rating. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Neutral” rating given on Thursday, September 10 by Citigroup.

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 2016 Q2. Its down 0.02, from 0.82 in 2016Q1. The ratio dived, 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.
Babson Cap Mgmt Llc holds 0.02% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 20,935 shares. Osborn Rohs Williams And Donohoe Limited accumulated 22,327 shares or 0.14% of the stock. Glg Prtnrs L P holds 70,756 shares or 0.07% of its portfolio. Moreover, American Century Cos has 0.09% invested in Franklin Resources, Inc. (NYSE:BEN) for 2.41M shares. Wells Fargo Communication Mn, a California-based fund reported 848,430 shares. Shell Asset Communications holds 0.03% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 32,879 shares. The New York-based Amalgamated Bancorporation has invested 0.04% in Franklin Resources, Inc. (NYSE:BEN). Tiaa Cref Fsb Mo, a Missouri-based fund reported 18,740 shares. Winslow Asset Incorporated has 143,445 shares for 1.07% of their US portfolio. Nationwide Fund Advsrs holds 207,276 shares or 0.03% of its portfolio. Abrams Capital Mngmt Limited Partnership holds 7.95 million shares or 13.85% of its portfolio. Bokf Na last reported 9,222 shares in the company. Capstone Invest Limited Liability Company last reported 27,500 shares in the company. Raymond James Financial Advsr Inc has invested 0.02% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Suntrust Banks Inc has 28,230 shares for 0.01% of their US portfolio.

Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 3 selling transactions for $10.85 million net activity. $180,901 worth of Franklin Resources, Inc. (NYSE:BEN) shares were sold by Tyle Craig Steven. 300,000 shares were sold by JOHNSON RUPERT H JR, worth $10.10 million on Tuesday, November 1. On Thursday, August 25 JOHNSON JENNIFER M sold $571,967 worth of the stock or 15,892 shares.

Franklin Resources, Inc. , is a holding company. The company has a market cap of $22.47 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 13.19 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.

More news for Franklin Resources, Inc. (NYSE:BEN) were recently published by: Fool.com, which released: “Why Shares of Franklin Resources, Inc. Are Surging Today” on November 09, 2016. Wsj.com‘s article titled: “Franklin Resources Profit Rises 32%” and published on October 26, 2016 is yet another important article.

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