What’s in Franklin Resources, Inc. After Today’s Bullish Options Activity?

 What's in Franklin Resources, Inc. After Today's Bullish Options Activity?

In today’s session Franklin Resources, Inc. (BEN) registered an unusually high (2,880) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BEN increase. With 2,880 contracts traded and 60224 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BEN170120C00040000 closed last at: $1.65 or 17.9% up. About 823,560 shares traded hands. Franklin Resources, Inc. (NYSE:BEN) has declined 2.07% since April 25, 2016 and is downtrending. It has underperformed by 8.08% the S&P500.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on February, 1. They expect $0.68 EPS, down 8.11% or $0.06 from last year’s $0.74 per share. BEN’s profit will be $387.35M for 14.28 P/E if the $0.68 EPS becomes a reality. After $0.82 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -17.07% negative EPS growth.

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. $58 is the highest target while $1 is the lowest. The $35.50 average target is -8.62% below today’s ($38.85) stock price. Franklin Resources Inc. has been the topic of 67 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Bank of America downgraded Franklin Resources, Inc. (NYSE:BEN) on Tuesday, March 15 to “Underperform” rating. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Neutral” rating given on Thursday, September 10 by Citigroup. The company was downgraded on Thursday, June 2 by UBS. The stock of Franklin Resources, Inc. (NYSE:BEN) has “Hold” rating given on Thursday, June 16 by Deutsche Bank. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Friday, July 29. As per Wednesday, March 9, the company rating was maintained by Barclays Capital. Citigroup maintained the stock with “Neutral” rating in Friday, July 29 report. The rating was downgraded by Deutsche Bank to “Sell” on Thursday, November 10. The firm earned “Neutral” rating on Monday, October 5 by JP Morgan. The firm has “Hold” rating given on Tuesday, January 26 by Deutsche Bank.

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 0.73 in Q2 2016. Its down 0.07, from 0.8 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.
Smithfield Trust Company reported 150 shares or 0% of all its holdings. The New Jersey-based Peapack Gladstone Financial Corporation has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Glg Ptnrs Lp owns 70,756 shares or 0.07% of their US portfolio. Diamond Hill Capital accumulated 5.98 million shares or 1.26% of the stock. Quantres Asset Mgmt has 31,500 shares for 0.65% of their US portfolio. The Connecticut-based Euclid Advsrs Limited Liability Company has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Teachers Retirement Of The State Of Kentucky owns 48,100 shares or 0.02% of their US portfolio. Equity Invest Corp Ga owns 1.65M shares or 1.72% of their US portfolio. Sumitomo Mitsui, a Japan-based fund reported 1.10 million shares. Department Mb National Bank N A, a Illinois-based fund reported 183,164 shares. Gulf Int Bancorporation (Uk) Ltd accumulated 0.07% or 118,144 shares. Lodestar Counsel Lc Il holds 0.04% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 7,400 shares. Employees Retirement Of Texas last reported 20,000 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.02% or 55,310 shares. Dimensional Fund Advsr Lp reported 1.12 million shares or 0.02% of all its holdings.

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

Franklin Resources, Inc. is a holding company. The company has a market cap of $22.13 billion. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It has a 13.21 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.

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 Fool.com which published an article titled: “Why Shares of Franklin Resources, Inc. Are Surging Today” on November 09, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment